Friday, September 30, 2022

Is California still the fifth largest economy?

Oil Giant Sells California Office As It Ditches State For Texas

(Photo by ERIC PIERMONT/AFP via Getty Images)

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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)

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