Headquarters will downsize and stay in California but it sounds like many of the employees will relocate to Houston.
HOUSTON —
Chevron says it's willing to pay its employees who are willing to relocate to Houston.
The U.S. oil company is planning to sell its headquarters located at
Chevron Park in San Ramon, California, so it can move to a more modern space.
Chevron tells KHOU 11 News that the current real estate market on the West Coast provides the opportunity to find a better suited office space to meet the requirements of its employees based in San Ramon.
Those employees who are voluntarily willing to relocate to Houston, will be compensated for doing so. According to The Wall Street Journal,
Chevron will cover moving costs for employees who opt-in.
Chevron says it plans to keep its headquarters in California, so it can maintain its 140-year history of operations and partnerships in the state.
The move is expected to occur in late 2023.
Chevron did not say how many employees it anticipates moving to Houston. Its current
downtown Houston office holds
about 8,000 employees, which is about triple the size of its operation in California.