Chevron to move headquarters from California to Texas

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The story "Chevron to move headquarters from California to Texas" was covered 3 days ago by Financial Times, a news publisher based in United States.

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Financial Times 3d ago

Chevron to move headquarters from California to Texas - Financial Times

Quick Summary:

Chevron has criticised the approach of Democrat-run California towards the oil industry for some time.

The relocation announcement came as Chevron reported second quarter net income of $4.4bn, down from $6bn a year ago and below analyst expectations as the company was hit by weaker refining margins.

It will gradually move all corporate functions to Houston over the next five years, with positions supporting its California operations remaining in San Ramon.