You must be a Downstream VP if you imagine that a fire would remediate all the environmental liability at any refinery. Not only would it remediate none, it would guarantee at least a decade of lawsuits from the government and nearby residents, most of them successful. Go back to your safety lectures, Sherlock.
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@7huu, it might be a stroke of luck or deemed an act of God if lightning could strike two different places at once and burn both refineries to the ground. No fault is cast on Chevron or remediation needed. Move HQ out of Cali the next day.
Prayers go out to Sidney Powell and Lin Wood. If we don’t this right we won’t have a second chance, I understand that Chevron is mostly liberal. S—s to be you.
El Segundo & Richmond refineries are a huge furture environmental obligation. Keeping HQ in California at least gives the company some collateral for when the wackos come after the refineries. I think they are both 100 years old or so in in the old days oil was stored in unlined open pits, and then there are the leaky oil storage tank issues. Will be a nightmare to clean up someday.
Yep that’s what losers say when they LOSE. Because they’re LOSERS.
@4crk, So Texas is getting ready to go down the toilet? Sorry to hear that. It has always been a state with a lot of patriotism, individual responsibility, work ethic and pride in their country. Sad to hear that it is going down the tubes with the rest of the welfare nanny states who sponge off of the working component of the country.
Everyone knows Texas is the next state to turn blue, bro.
I saw in the news Elon Musk moved from California to Texas for this reason. He is also planning future growth in both Texas and Nevada. (But not California). He is slowly trying to get outta there
Does it matter whether it is blue or red? It is Texas, be proud of that, get to work and stop screwing around.
Data actually shows that Red counties in Texas are the main cause of growth and economic prosperity in Texas. Blue counties are losing people and experiencing a mass exodus. Don't be afraid of learning the facts. They won't hurt you.
It's a shame. Learn english.
it has nothing to do with what political affiliation people are. before grammar people come out.
At has nothing to do with what political affection people are in tx but what companies , plants, etc are located where.
Seems silly for a person to stay employed with a company whose HQ is in CA. Since you don't like it seek employment with a TX based company and stop whining please.
With the exception of Tesla, IBM and HPE are decaying and decrepit companies very few CA engineers want to work for. Texas may end up the graveyard of tech companies because they offer a way to extend life there. I will admit, CA does make it financially untenable at times to operate here, especially for low margin companies.
Anyone actually working at Chevron knows that we’ve been slowly moving to Houston for the last decade. Other than exec leadership who prefer California, there have been a bunch of roles moving to Houston. When jobs previously filled by San Ramon employees open, they are posted for Houston. Unless it’s a very high PSG position, there’s almost no chance a Houston employee is getting relocated to HQ.
However, San Ramon will remain headquarters until we have a CEO who prefers Houston. Currently the four seasons suite is just fine for required CEO time at HOU140/150.
@1wxm got it mostly correct. California state corporate income tax is based on a combined factor of sales, payroll and property.
Sales of gasoline and jet fuel (let alone lubricants and additives) will always be a large sales factor because California is a huge market for Downstream and Oronite.
Unless El Segundo & Richmond refineries are sold— and Bakersfield also goes— the "property factor" will be huge even if San Ramon HQ is sold.
Leaves us with payroll in California (see property factor above), More HQ jobs will migrate to Texas (we pay on a national basis— more buying power for a Chevroid in Texas)
The comment about execs living in napa is 100% true. The bigger reason is that California would shut down the Richmond and El segundo refineries if we were to leave.
The eco winers have infiltrated the site. We can live off of rainbows and lollipops. As they post on devices, electric and the world that lives on fossil fuels. Sorry to break it too you eco warrior, but O&G will be around for the next 50 years as the rest of the world catches up to the west. mo–n
California is smart to loathe a polluter. Chevron should wise up. And get out of Texas!
The D&I is only for working bees! The executives love the nice weather and perks in the northern california and will not leave there, all of this nonsense D&I is for others not them!
Amen. Chevron should follow Oracle and Tesla and a whole host of others that have moved to Texas.