XPost: alt.politics.elections, tx.politics, alt.politics.trump   
   XPost: talk.politics.guns, sac.politics   
   From: operations@bt.ly   
      
   Chevron is relocating to Houston from its headquarters in San Ramon,   
   California, the company announced Friday.   
      
   Why it matters: The move by the second-largest U.S. oil company marks another   
   major California corporation relocating to Texas and further cements Houston's   
   position as the so-called energy capital of the world.   
      
   The big picture: Chevron chairman and CEO Mike Wirth says the move is to be   
   "closer to the core" and epicenter of the industry and is "concluding a   
   process that has been underway."   
      
   "We have key partners that are there: suppliers, vendors, the universities   
   that we do a lot of research with and recruiting from are there. And so it's a   
   natural place for companies in our industry to have their home office and   
   headquarters," Wirth told    
   Bloomberg.   
   State of play: Chevron has increasingly been focusing on Houston. In 2022, the   
   company compensated its California employees who were willing to relocate to   
   Houston, and last year it bought more than 77 acres in Cypress for a possible   
   research and    
   development campus.   
      
   Chevron currently has roughly 7,000 employees in the Houston area and   
   approximately 2,000 employees in San Ramon, per Friday's news release.   
   Between the lines: Regulatory policies in California that discourage business   
   investment are a key reason for the relocation from the company's home base of   
   more than 140 years, Wirth said.   
      
   "We believe California has a number of policies that raise costs, that hurt   
   consumers, that discourage investment and ultimately we think that's not good   
   for the economy in California and for consumers," Wirth told the Wall Street   
   Journal.   
   What they're saying: Local leaders are welcoming Chevron's move.   
      
   "Texas is your true home. Drill baby drill," Gov. Greg Abbott said on X Friday   
   morning.   
   Mayor John Whitmire said he got a call in the morning from Chevron confirming   
   the plan to move to downtown Houston. "It's an exciting day to be the mayor of   
   Houston," he said. "They're bullish on Houston, and they have confidence in my   
   administration,    
   that we will address challenges that I inherited like public safety,   
   infrastructure and also the city finances."   
   "This announcement is the logical culmination of a long process that has   
   repeatedly been foreshadowed by Chevron," a spokesperson for California Gov.   
   Gavin Newsom's office said. "We're proud of California's place as the leading   
   creator of clean energy    
   jobs — a critical part of our diverse, innovative, and vibrant economy."   
      
   Flashback: Chevron's relocation plans come weeks after Elon Musk said X and   
   SpaceX would move their headquarters to Texas from California.   
      
   Those moves are in response to a new law that bars school districts in   
   California from requiring that schools notify parents if their child requests   
   a pronoun change.   
   The big picture: Chevron will become the region's second-largest publicly   
   traded company, following Exxon Mobil, which relocated to the area from   
   Irving, Texas.   
      
   What's next: The company's senior leadership, including Wirth and vice   
   chairman Mark Nelson, will move to the Bayou City by the end of the year.   
      
   The full transition will happen over the next five years, the company said.   
      
   https://www.axios.com/local/houston/2024/08/02/chevron-houston-t   
   xas-headquarters-relocation   
      
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