Thread regarding Chevron Corp. layoffs

Chevron Moving Headquarters From San Ramon to Houston

Any truth in the rumor?

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Post ID: @OP+DESQx6A

71 replies (most recent on top)

California is so much better than Texas.

Texas' climate is so bad there is nothing they can do or invent to fix that problem.

People in California do not even think about Texas as a competitor or an entity that's worth spending mental energy on. Just like Texas is not thinking about Mississippi as a competitor, the sam way California just never think about Texas as a competitor.

Yeah, go ahead and take all the old corporation headquarters, again, we are unphased.

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Post ID: @DKzpe+DESQx6A

@Dibsv, So you are in love with wokelandia, we get it. You should get out of your safe space sometime. Just don't move to Texas and try to turn it into the liberal cesspool about to mudslide off the continent that is Cal. Please stay there, lol.

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Post ID: @Dijlo+DESQx6A

"Never been to Cal.? Quality of life best in US???? In the Earthquake zone, Flood zone, Wildfire zone, San Fran homeless area or the desert? I love to visit there very much and have many times over the years but Not sure you have and would definitely pick another place in the US as "Quality of life best in US". You don't get around much or do much research, that's for sure. And I'm not from Texas."


Speaking of getting around, have you ever been to San Ramon? That's what OP was referring to. For that matter, Alamo? Lafayette? Moraga? Blackhawk? Could list a dozen more enclaves off the top of my head. SF and Death Valley have no relevance here.

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Post ID: @Dibsv+DESQx6A

Old thread but completely relevant given major restructure announcement today.

  • 5 for stating metro TX isn't comparable to Mississippi and Louisiana? Ouch, tough crowd.
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Post ID: @Dhhqu+DESQx6A

You guys are still commenting on a thread from 2015? I think some people need to be given some more to do at work. Seriously, folks.

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Post ID: @Dhazw+DESQx6A

@Dhrjx, Yes they certainly are. It's crowded enough, we don't need any more folks here either, especially dem voters. Please stay where you are all nice and comfy, it sounds so nice, who would want to leave!

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Post ID: @Dhksx+DESQx6A

"Texas, Miss. and LA are routinely ranked the bottom states in the US 50. Run away."

Miss & LA are a completely different category, c'mon now. 👀 🍿 😂

Moreover, good pay Energy in challenging times is such there is certainly a home buying advantage rn in Houston (vs Bay). It can be a tough decision.

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Post ID: @Dhrjx+DESQx6A

Native Californian here who moved to Houston a couple of years ago. Still love CA but TX has been great in other ways. Don’t believe all the negative press… summers are brutal but everyone has a pool and AC

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Post ID: @Dhmql+DESQx6A

'Y’all get ready to move to Texas'

As an option, HQ will remain in SR but not current half capacity Chevron Park.

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Post ID: @Dhkak+DESQx6A

Y’all get ready to move to Texas.

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Post ID: @Dhwpn+DESQx6A

Texas, Miss. and LA are routinely ranked the bottom states in the US 50. Run away.

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Post ID: @Dhdqb+DESQx6A

@Dgzjg, Never been to Cal.? Quality of life best in US???? In the Earthquake zone, Flood zone, Wildfire zone, San Fran homeless area or the desert? I love to visit there very much and have many times over the years but Not sure you have and would definitely pick another place in the US as "Quality of life best in US". You don't get around much or do much research, that's for sure. And I'm not from Texas.

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Post ID: @Dhbeu+DESQx6A

Looks like you’re cherry picking your numbers @Dgzjg. Keep adding to your summary, Gasoline prices and other little nuisances like that.

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Post ID: @Dhjmp+DESQx6A

Scenario. Employee married with two kids, 4 bed house purchased 2017, $150k salary.

Texas. Woodlands home purchased for $500K. Current $900k. Prop tax $17k. Income tax 0. Total tax $17k. Commute - hour each way. Quality of life in Houston - appalling.

California. SR home purchased for $750k. Current $1300k. Prop tax $7.5k. Income tax after fed deduction. $10K. Total tax $17.5K. Commute - ten minutes. Quality of life in CA - best in the US.

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Post ID: @Dgzjg+DESQx6A

@Dglxt, Yes it has been 3 years and the same rumor never seems to end. This is because patience has a way of slowly eroding away. But, don’t think the notion of moving the HQ out of California is out of the question. It’s only a matter of time before the Chevron BOD takes up this issue seriously. It’s all dependent on how the political climate continues in California. I think our patience is hanging from a thread.

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Post ID: @Dgvon+DESQx6A

"Chevron employees living in California pay the highest combination of income taxes in the nation. They are not getting the "sweet" tax deal that is being thrown about. So, let them stay and pay. It shows how little they know about finance and economics."

Highest tax for sure with state, although Texas prop is 3x vs San Ramon valley comps. The weather atrocious is Houston and the state politics are just as bad as CA from the other end of spectrum. Yeah, we don't know about economics because we choose Mediterranean over concrete jungle and where record profits (= record total salaries)

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Post ID: @Dgsbf+DESQx6A

3 years later and the same rumor is bubbling up, never ends. This makes some agitated, but assuredly not the BR employees who choose to stay in the East Bay for a variety of reasons.

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Post ID: @Dglxt+DESQx6A

Not happening. It’s a California company and will always be.

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Post ID: @B6syy+DESQx6A

Any further movement on this rumor? California is becoming unbearable.

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Post ID: @B6dyd+DESQx6A

The Chevron boss hailed Texas’s resource base, its skilled workforce and overall business environment while criticizing policies back in the Golden State in a wide-ranging fireside chat at a gathering organized by the Greater Houston Partnership. He also committed Chevron to reducing flaring and methane emissions in the Permian Basin and vowed to increase diversity among the company’s senior leaders.

“The policies in California have become pretty restrictive on a lot of business fronts, not just the environment,” Wirth said. “I don’t know there’s a better place in the world for us to do business than” Texas and the Gulf Coast.

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Post ID: @nQfhi+DESQx6A

@ nLwgo, Just because you’re alive now doesn’t mean you won’t ever die. It’s only a matter of time. Chevron will eventually move its HQ out of California someday. I’m one who thinks it will be sooner rather than later. Houston is the likely place it will move to.

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Post ID: @nMtpc+DESQx6A

4 years and 10K views later, we are still here in Cali.

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Post ID: @nLwgo+DESQx6A

@leerh, You may work in San Ramon for the time being, but you can’t be sure if the HQ will be staying in San Ramon or moving.

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Post ID: @lfqot+DESQx6A

l5nwn, uh,,,, that would be false. Source: I work in San Ramon.

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Post ID: @leerh+DESQx6A

I heard most in San Ramon are eager to move. True?

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Post ID: @l5nwn+DESQx6A

Yes I am sure the third Chevron tower will be built... but before that is completed, 3-5 years from now, Exxon just vacated a similar sized building a block east of HOU150. The obvious short-term solution is to move all HQ SR office staff to Houston now and take any associated staff reductions during this continued down turn. Start rehiring in Texas now before the next boom speeds up in a few years and qualified personnel get harder to find..

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Post ID: @h3rps+DESQx6A

The third Chevron tower will eventually be built. I think the headquarters will be moved to Houston, but only half the personnel in San Ramon will be transferred over. The other half will be laid off or will voluntarily quit their jobs to remain in California looking for another job. The third building in downtown Houston won’t be entirely built out of cubicles. A small percentage maybe, but the majority of the work space will be like it is at 1500 and 1400.

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Post ID: @h2dmz+DESQx6A

If you do the math, the planned 50 story Chevron YMCA building should have more than enough cubicles to swallow San Ramon. In fact, it would be impossible to fill it otherwise. With prices skyrocketing and share buybacks announced it is only a matter of time before the third tower is back in the plan. If we build it, they will come.

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Post ID: @h2elt+DESQx6A

No,

No truth to the rumor that they will be moving to the Flooded Hurricane zone with their Kayaks and Paddleboards. Good question, though.

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Post ID: @bIbok+DESQx6A

@bHuxj, You hit on the answer then did a 180 on yourself. The San Ramon office can remain a 300 person outpost in California while the HQ of record becomes Houston. Every other employee and the two refineries stay in California as they are today. Only the HQ designation changes. The C-Suite can continue to live in their posh houses in sunny Cali and take their limousines to the familiar office on Bollinger Canyon Drive. They would only have to travel occasionally to H-Town to hold Board Meetings and other important engagements.

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Post ID: @bHqzj+DESQx6A

If the headquarters was just a small outpost in California like 300 people, one could imagine it moving to Houston. But it is not. It is two giant and very profitable refineries, an entire upstream business unit (SJV) and thousands of corporate staff and service departments. There are probably more employees in Calif than Houston. Don't hold your breath for a move. And Californians won't move as the downgrade in quality of life is massive.

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Post ID: @bHuxj+DESQx6A

You're recycling a rumor from 2 years ago? That's got to be some kind of record, isn't it?

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Post ID: @bHfaw+DESQx6A

Any updates here on the HQ move to HOUSTON?

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Post ID: @bHadq+DESQx6A

NEVER say Never! Chevron will move its headquarters within the next 2-5 years... guaranteed.

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Post ID: @62RM+DESQx6A

This will NEVER happen !!!

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Post ID: @6qiW+DESQx6A

Texas pays $14,000 per California Chevron employee for relocation to Texas. The newly moved California Chevron Texas employee will be protected from layoffs. The $14,000 came from Texas taxpayers. Isn't that wonderful?

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Post ID: @4vDi+DESQx6A

Interesting,... back in the 90's Chevron bailed (sold) the Gaviota Oil and Gas Plant, because: 1) County of Santa Barbara never granted the necessary permits for loading/unloading product; 2) increasing costs of regulatory compliance; and 3) future costs of site remediation. No idea where the tipping point for Richmond and El Segundo are, but sooner or later,... Hasta la vista,... Baby!

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Post ID: @4My7+DESQx6A

Texas pays Chevon for every out of state employee they relocate to Texas. It's like a dowry.

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Post ID: @4wnW+DESQx6A

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