Posted on 10/02/2022 5:32:07 PM PDT by Twotone
Chevron is selling its global headquarters in California as it continues to move its operations and employees to Texas, The Wall Street Journal reported Wednesday.
The oil giant sold 92 acres of offices in San Ramon as its workers continue to relocate to its Houston campus, where it has three times the number of employees that California has, according to the WSJ. Chevron will follow in the footsteps of other large companies like Tesla and American Airlines that have left California in recent years for various reasons. (RELATED: Biden Threatens To Investigate Oil Companies If They Raise Gas Prices During Hurricane Ian)
“The current real estate market provides the opportunity to right-size our office space to meet the requirements of our headquarters-based employee population,” a Chevron spokesperson told the Daily Caller News Foundation. “Chevron will remain headquartered in California, where the company has a 140-year history and operations and partnerships throughout the state.”
Chevron plans to move into a temporary space that is smaller to accommodate its dwindling number of California-based employees, the spokesperson said.
California’s population declined for the second straight year in 2021 as more businesses and their employees leave the state, according to The New York Times. Democratic Gov. Gavin Newsom of California recently blamed the mass exodus of individuals from California on former President Donald Trump’s immigration policies.
An August 2021 report produced by Stanford University’s Hoover Institution found that 74 corporate headquarters left California in just the first six months of 2021, in addition to 64 companies that moved out in 2020. The report states that the state imposes extreme real estate taxes upon businesses which could motivate business owners to leave the state.
(Excerpt) Read more at dailycaller.com ...
Leave the employees in CA. Hire Texans. We’re full.
Welcome to Texas. Now go home!
Yes!
Not a good place to be. There are plenty of videos of broad daylight robberies and carjackings in Houston. The recent trend is teams, including one or two with long arms.
The night videos are even worse.
As long as they leave their political views behind........
Chevron, formerly Standard Oil of California, once was a major employer in downtown San Francisco.
Beginning in the 1970’s they moved to new campuses in Walnut Creek, Concord, and San Ramon California.
Now they are leaving California and with them are the very well paid employees.
Enjoy the sucking sound California.
A major loss for Californication as Chevron has been one of the most important large businesses there “forever”
Also left California Telsa, CBRE Group, Hewlett Packard, Oracle, Kaiser Aluminum.
Why are companies leaving California?
I’ve pulled out notable phrases that company leaders mentioned when explaining their decision to leave California. Here are some samples to give you an idea:
Finding a place that is “easier to hire talent“
In search of a “great talent pool” (in the new city and state)
Seeking a “more sustainable place to do business“
There is an “increasing intolerance and monoculture of Silicon Valley“
Seeking “a strong economic climate with low taxes, reasonable regulations and a high-caliber workforce”
Moving for “our business needs, opportunities for cost savings, and team members”
There were “some symmetries in the way that the Bay Area works that just didn’t really work well for us”
“Arizona provided the ideal conditions of being business-friendly, offering a high quality of life at reasonable cost”
Employees can be homeowners in Texas, “which in the Bay Area is virtually impossible”
“In California, local rules could dictate how the company chooses board members, for instance”
I think Buck Knives left California also.
Super good for Texas, my home state, and so long CA.
A major loss for Californication, as Chevron has been one of the most important large businesses there “forever”!
An August 2021 report produced by Stanford University’s Hoover Institution found that 74 corporate headquarters left California in just the first six months of 2021, in addition to 64 companies that moved out in 2020. The report states that the state imposes extreme real estate taxes upon businesses which could motivate business owners to leave the state.
Founded in 1876-1911
1912-1926
1927-1946
1947-1979
1980-2001
2002-2019
2020-present
You can take Chevron out of California but you can’t take California out of Chevron. It’s corporate culture is lousy with woke politics and time wasting diversity, equity, and inclusion required commitments. I’m glad I retired before CRT and struggle sessions.
Giant swarm of locusts moves on from California to eat Texas
Buck Knives moved to Post Falls, Idaho about 15 years ago.
Buck Knives officially opens manufacturing facility in Idaho
Although mountain life has the allure of being simple and quiet to many, life has been anything but simple and quiet for Buck Knives. The night before the grand opening ceremony for the new Buck Knives headquarters in Post Falls, Idaho.
CEO CJ Buck told a private gathering of 600 employees, family members and SNEWS®, “Buck moved here to slow down and we discovered we didn’t have a slow time.”
MAY 31, 2005
2-3 thousand more votes for Beto?
Most oil and gas employees are conservatives. Except for HR. They know who butters their bread.
I bought my first Buck Knife in 1977; still use it a lot.
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