Chevron to move HQ from California to oil-loving Texas [Video]

After more than 140 years in California, Chevron announced Friday that it will move its corporate headquarters to Texas in a shift that drew applause from the southern state’s oil-loving politicians.

The oil company, once known as Standard Oil of California, will relocate its corporate headquarters from San Ramon in Northern California to Houston, long a global petroleum center and nearer to major US oilfields and petrochemical facilities.

Chief Executive Mike Wirth and Vice Chairman Mark Nelson plan to move to Houston before the end of 2024, with all corporate functions transitioning to the Texas city within five years, Chevron said in a press release.

The company currently has about 7,000 employees in the Houston area and 2,000 …