- Chevron Corp (CVX.N) is planning to relocate its global headquarters to a newly leased space in California and sell its existing head office in the state.
- The U.S oil company will also cover moving costs for employees who opt to shift to its Texas campus.
- Chevron is expected to shift its headquarters to the new site during the third quarter of 2023.
Chevron Corp (CVX.N) is wanting to migrate its worldwide base camp to another rented space in California and sell its current administrative center in the express, an organization representative told Reuters on Friday.
“The ongoing housing market gives the chance to right-estimate our office space to meet the necessities of our central command-based worker populace,” the organization said in an email.
Chevron is supposed to move its central command to the new site during the second from last quarter of 2023.
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The U.S oil organization will likewise take care of moving expenses for representatives who select to move to its Texas grounds, as per the Wall Street Journal, which detailed the move before in the day.
The second biggest U.S oil maker’s North American upstream activities are based out of Houston, Texas.
Rival Exxon in January additionally migrated its corporate central command from Irving, Texas to its grounds north of Houston.