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Chevron headquarters plans to relocate to Houston |
Recently, Chevron Corporation announced that it will relocate its global headquarters from San Ramon, California to Houston, Texas within the next five years. Previously, Chevron Corporation’s headquarters had long been located in San Ramon. But in recent years, the California government has adopted stricter regulatory policies for the fossil fuel industry. Chevron believes that Texas has a more favorable business environment for the fossil fuel industry and lower taxes. In addition, Texas has a more open attitude towards the fossil fuel industry. Chevron Corporation stated in a statement, "The company expects all of its functional departments to relocate to Houston within the next five years. However, departments that support the company’s California operations will remain in San Ramon Chevron is not the only American company to relocate from California, as the state’s high taxes and unfriendly business environment for high emission industries have led to an increasing number of companies choosing to leave. Last year, Elon Musk announced that SpaceX would withdraw from California and relocate to its Sta Base in Texas. |
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Release time: 2024-08-15 Click: 96 |