Summary by Futu AI
On August 2, 2024, Chevron Corporation announced significant organizational changes including the relocation of its headquarters and senior leadership transitions. The company's headquarters will move from San Ramon, California, to Houston, Texas, effective January 1, 2025. Chevron's Chairman and CEO, Mike Wirth, and Vice Chairman, Mark Nelson, will relocate to Houston to facilitate better collaboration with other senior leaders. The transition is expected to have minimal immediate impact on San Ramon-based employees, with corporate functions gradually migrating to Houston over five years. Chevron has a substantial presence in California, with operations including crude oil fields, technical facilities, two refinaries, and over 1,800 retail stations. In leadership changes, Executive Vice President of Oil, Products & Gas, Nigel Hearne, will retire after 35 years with Chevron...Show More