A Chevron gas station sign along Interstate 5 in Encinitas. REUTERS/Mike Blake Chevron said Friday it would relocate its headquarters to Texas from California, continuing an exodus of oil companies from the state due to higher taxes, stricter climate regulations and depleting oil fields. Chevron expects all corporate functions to migrate to Houston over the next five years. Positions in support its California operations, which includes oil fields and two refineries, will remain in San Ramon in the Bay Area. CEO Michael Wirth and Vice Chairman Mark Nelson will move to Houston before the end of 2024, the company said. The company currently has roughly 7,000 employees in the Housto
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