I think Chevron should just let it out that they are “considering their options.” Let the idiots figure it out.
I know nothing of the Chevron/Kalifornia energy situation but....Chevron should only service their CA installations sufficient to satisfy the stockholders. Forget expansion & upgrading. Put no more into CA beyond what they are paid.
IOW, if CA needs more gas & energy, let someone else make it happen in CA’s fractured rules environment.
Is any of that feasible as a corporate entity?