Chevron selling Bay Area headquarters, paying for employees relocate to Houston
Plenty of tech companies have moved their headquarters out of the Bay Area in recent years, from startups like Coinbase to industry pioneers like Hewlett Packard and Oracle. Elon Musk has been one particularly outspoken voice decrying California’s business conditions. Now, one of the East Bay’s legacy companies is joining the trend.
Chevron announced it is shuttering its San Ramon global headquarters and even encouraging some employees to move to Houston, the Wall Street Journal reported. The oil company will cover relocation costs for those voluntarily leaving for the Texas office, which has been growing and employs nearly 6,000 people. Meanwhile, the San Ramon office buildings have experienced dwindling numbers in recent years.