How much longer does the SR office have? I hope the last one out remembers to turn off the lights.
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Chevron is messing with California. They love it too much. Sleep well
San Ramon closes down with next CEO change. They are already consolidating the park, in part because of some structural building code issues which they will not want to invest to fix. It becomes a real estate development when we sale……
SJV will not sell as there are no buyers as you can’t get a permit. P&A is greater then the current running out profit - cost of the wells. This shocks me as SKV was a crown jewel when I joined the company.
@1yag+1gllHPQF Chevron's actions during the last couple of years have proven that they don't consider job knowledge a factor when putting people in positions, so brain drain is not a concern for them.
I would hope that Richmond and El Segundo refineries, Global Lubricants and Marketing could be run from Houston.
Can't see need for San Ramon-based location to monitor Asia Pacific operations.
The sole issue I see is the "transition" of Bay Area based employees to Houston (i.e. the "brain drain"--- losing effective, experienced staff who won't relocate from Bay Area). The Houston location should continue to offer better access to O&G industry experience.
i didn’t know so many board members commented on the layoff. thanks for the inside scoop directors!
Bay Area economy is on fire so most will just find jobs elsewhere rather than move.
BAHAHAHAHA Unless your BOD or ELT you won't have the option to work remote from California when the move comes. Yes, I said when and not if ... it's down to 3,000 in SR and up to 7,000 in HOU. The writing is on the wall.
I'm ok with everything moving to Houston and working remotely 100% from California
Why in heaven's name would you keep headquarters and a BU in a state that hates us? SJVBU is just a matter of time and selling out for pennies on the dollar. Even at that price it's tough to find a buyer. SR is the playground for our $$$ management, I think once MW retires (as soon as the dividend must be decreased), there's a good chance SR will move to Houston, now with more than ample office space.
I was in Chevron's real estate company for nearly 16 years and left in 2018. At that time, we had a commitment to the city of San Ramon to stay there until 2030.
The plan has always been to move more and more positions to Houston. We had planned to build a 3rd tower but the market fell apart. Now that COVID has changed the work dynamic and the significant reduction of the workforce, the 3rd tower is not needed.
I am told that with all the new configurations, Chevron could basically move everything to Houston now.
You have to remember that MW now has Exxon on speed dial should the market turn again and a merger is needed.
I am surprised that SJV is still here. I worked on the real estate closure/transfer templates when AW was VP. I am guessing COVID slowed or stopped whatever was planned. I have no idea if it was a planned sale or closure. I do know that the SJV workforce numbers for 2023 were 30% of what they are today.
Commitment to the board was that Chevron's CEO and top executives will remain in San Ramon until MW retires. At that point, more positions move to Houston with the eventual close of San Ramon.
The biggest concern is SJV. The main office property is being shopped right now so that should signal a big concern for those personnel