Reported 2 months ago
Chevron Corp. has announced its decision to relocate its headquarters from California to Houston after expressing concerns over the state's challenging regulatory environment. This move marks the end of Chevron's 140-year presence in California, where the company has faced increasingly tough environmental regulations. CEO Mike Wirth emphasized that the shift is aimed at enhancing the company's competitiveness rather than a politically motivated decision. The announcement coincides with leadership changes within Chevron, as it seeks to improve its operational performance.
Source: YAHOO