SAN RAMON-BASED CHEVRON WILL MOVE HEADQUARTERS TO TEXAS

Chevron on Friday announced during its earnings announced that it is relocating its headquarters to Texas. The oil giant's headquarters will move from San Ramon, California, to Houston, company executives said. Chevron Chairman and CEO Mike Wirth and Vice Chairman Mark Nelson will move to Houston before the end of the year to be closer to other senior leaders, employees and business partners, the executives said.

Other employees based in San Ramon won't be impacted immediately, and the company said it expects the move to Houston to happen over the next five years. Those who work in positions that support Chevron's California operations will remain in San Ramon. Chevron has roughly 7,000 employees in the Houston area and 2,000 employees in San Ramon, the company said. The company operates crude oil fields, technical facilities and two refineries in California. It also supplies more than 1,800 gas stations across the state.

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