Chevron, $CVX, the second-largest U.S. oil company, will relocate to Houston from its headquarters in San Ramon, California

Chevron is relocating its headquarters from San Ramon, California, to Houston, Texas. Chevron Chairman and CEO Mike Wirth, along with Vice Chairman Mark Nelson, will move to Houston by the end of 2024. This move aims to enhance collaboration and engagement among senior leaders, executives, employees, and business partners.

The relocation will have minimal immediate impact on other employees in San Ramon. The company plans for all corporate functions to transition to Houston over the next five years, while roles supporting the company's California operations will remain in San Ramon.

Chevron currently employs around 7,000 people in the Houston area and about 2,000 in San Ramon. The company operates crude oil fields, technical facilities, and two refineries, and supplies more than 1,800 retail stations in California.

Leadership Announcements

Chevron has also announced the following leadership changes:

Nigel Hearne, Executive Vice President of Oil, Products & Gas, will retire after 35 years with the company. Since 2022, Hearne has been instrumental in consolidating Chevron’s Upstream, Midstream, and Downstream businesses, promoting a more integrated approach to value chains and operational excellence.

“Nigel’s global contributions have strengthened Chevron,” said Mike Wirth, Chairman and CEO. “He has been an inspiring leader and mentor, and his achievements will help position the company for future success.”

Effective October 1, 2024, Mark Nelson, Chevron’s Vice Chairman, will assume responsibility for Oil, Products & Gas.