Chevron moving corporate headquarters to San Ramon

Petroleum News Alaska Staff

Chevron Corp. said Sept. 5 that it plans to move its headquarters to San Ramon, Calif., where its Chevron Park campus (and other nearby buildings at Bishop Ranch) already houses most of its Bay Area-based operations and some 3,500 employees. The company’s combined work force in the San Francisco Bay area is about 8,500 people, with just 200 located in leased space in San Francisco.

“We have enjoyed important and positive relationships in San Francisco for nearly a century, and we’ll miss being part of a community that has been our corporate home for so long,” said Chevron Chairman and CEO Dave O’Reilly. “While San Francisco is a great location, we need to bring all of our people together. We’ve found over the past couple of years that it just isn’t efficient to operate our headquarters from San Francisco.”

Some 900 San Francisco-based employees moved to San Ramon after Chevron sold its headquarters buildings at 555 and 575 Market Street in San Francisco in December 1999. Employees in leased space at 575 Market — including the company’s senior executives — will begin relocating to San Ramon during the second quarter of next year.

Chevron is merging with Texaco Inc. to form ChevronTexaco Corp. (See story on page 7 regarding approval of merger by U.S. regulators.)