Cheveron abandoning California, moving to Texas

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So does your search show different results from the Fox story?
I’m not seeing a difference
I think I was very clear on why I didn't click on the link. Then you asked & I further clarified my reasoning. Their website will get no views from me due to their willingness to lie. I'll assume the article link is riddled with biased comments. I think these big companies are not giving back to the community that made them who they are today. Chevron benefited for having refineries out in CA & was big profits w/CA's higher fuel costs. When they are asked to pay their fair share. adios they say.
 
Everyone is still hung up on CA and downstream - CVX is an international energy company with a strong focus on upstream - and Houston is where upstream happens in this sector …
it is funny to see everyone’s option on the oil/gas industry when it’s obvious most have never worked inside of it:ROFLMAO:
 
I think I was very clear on why I didn't click on the link. Then you asked & I further clarified my reasoning. Their website will get no views from me due to their willingness to lie. I'll assume the article link is riddled with biased comments. I think these big companies are not giving back to the community that made them who they are today. Chevron benefited for having refineries out in CA & was big profits w/CA's higher fuel costs. When they are asked to pay their fair share. adios they say.
OR - The big corporation is going back to the state that made them great. The state from which they benefited.

Chevron merged with Texaco (which didn’t start in California) in 2001, with a $39 Billion stock purchase. They kept the HQ in California and “squeezed $1.2 Billion in costs” out of the combined company by eliminating HQ jobs in TX. They “abandoned” TX 23 years ago.

They didn't pay their "fair share" in Texas for the past 23 years - they abandoned the state from which they benefitted, where they had jobs, refineries, facilities, including jet fuel refineries.

So, it's clearly time that they pay their fair share - to Texas.

There is still a big foot print in Houston, and CA will still keep a lot of Chevron jobs. This is a move of HQ, not the entire company.
 
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…Chevron benefited for having refineries out in CA & was big profits w/CA's higher fuel costs. When they are asked to pay their fair share. adios they say.
Your gallon of gasoline carries the highest tax burden in the entire country.
Oil companies themselves carry the highest regulatory and tax burden in the country in CA as well
Higher fuel costs are because of massively higher taxes and regulatory burdens not big profits for oil companies

Chevron is one TINY example of these reasons, you must be aware of the other big names that left in the last five years because of this common denominator
This isn’t just about Chevron
 
Your gallon of gasoline carries the highest tax burden in the entire country.
Oil companies themselves carry the highest regulatory and tax burden in the country in CA as well
Higher fuel costs are because of massively higher taxes and regulatory burdens not big profits for oil companies

Chevron is one TINY example of these reasons, you must be aware of the other big names that left in the last five years because of this common denominator
This isn’t just about Chevron
If the Hess merger flies - don’t see many staying in NY either …
 
If refineries weren't so expensive and so difficult to build, I'd bet they would move them, too. It wouldn't make sense to shut down or move one unless CA made it so expensive and regulated that it was no longer financially viable.
Valero has over a dozen now - there are always potential buyers that prefer that side of the business …
 
I did try some HEB Bourbon BBQ that was great! I don't know if it was made in TX but that's where I bought it. Took a play from Kentucky? Funny, where I'm from "Kansas City" style BBQ is huge money $$$ in sales.

Anyways, Fox news is not a stellar source for truthful info so I didn't click on the link.
Was that in a big store like San Antonio? I recently saw a BBQ joint inside an HEB for the first time two months ago. It was early morning and with a famous place called “Blacks” nearby - well, you know the thing 😷
 
People look at these giant facilities and think they will never shut down. That is 100% untrue. Its a spreadsheet decision - does it make money or not. Its also about liability and risk, and there is much more of that in California for an oil company than in friendlier places.

Marathon shut there refinery down in California. It was not quite as big but close - 150K BPD vs 250K BPD for the Chevron facilities. Its not just California - several refineries have been shuttered. There old, and expensive to maintain. No one is building new ones for regulatory reasons. Might be cheaper to build a new one in Columbia or Guyana or Mexico and ship refined product instead.

2020-- "Elected officials, union leaders, industry representatives and environmentalists are expressing concern about the hundreds of workersset to lose their jobs at California's fourth-largest refinery in the coming months. That's after Marathon Petroleum announced over the weekend that it plans a permanent halt to processing crude oil at its Martinez plant."

https://www.contracosta.ca.gov/ArchiveCenter/ViewFile/Item/4556
 
People look at these giant facilities and think they will never shut down. That is 100% untrue. Its a spreadsheet decision - does it make money or not. Its also about liability and risk, and there is much more of that in California for an oil company than in friendlier places.

Marathon shut there refinery down in California. It was not quite as big but close - 150K BPD vs 250K BPD for the Chevron facilities. Its not just California - several refineries have been shuttered. There old, and expensive to maintain. No one is building new ones for regulatory reasons. Might be cheaper to build a new one in Columbia or Guyana or Mexico and ship refined product instead.

2020-- "Elected officials, union leaders, industry representatives and environmentalists are expressing concern about the hundreds of workersset to lose their jobs at California's fourth-largest refinery in the coming months. That's after Marathon Petroleum announced over the weekend that it plans a permanent halt to processing crude oil at its Martinez plant."

https://www.contracosta.ca.gov/ArchiveCenter/ViewFile/Item/4556
https://www.conocophillips.com/news...ion-provides-shareholder-distribution-update/
 
Was that in a big store like San Antonio? I recently saw a BBQ joint inside an HEB for the first time two months ago. It was early morning and with a famous place called “Blacks” nearby - well, you know the thing 😷
I tried it in San Benito but that is a bit of a walk from San Antonio. :D
It was another RV friend that shared it with me so not certain which store he bought it from but there is a local on in San Benito & Harlingen. Perhaps call around & maybe you can see what stock is near you? Maybe they can get one of the HEB BBQ flavors you'd like to try to your local HEB?

https://www.heb.com/product-detail/h-e-b-specialty-series-kentucky-bourbon-barbeque-sauce/1584671
 
I tried it in San Benito but that is a bit of a walk from San Antonio. :D
It was another RV friend that shared it with me so not certain which store he bought it from but there is a local on in San Benito & Harlingen. Perhaps call around & maybe you can see what stock is near you? Maybe they can get one of the HEB BBQ flavors you'd like to try to your local HEB?

https://www.heb.com/product-detail/h-e-b-specialty-series-kentucky-bourbon-barbeque-sauce/1584671
Okay cool - we have a smaller HEB - one of our 3 BBQ joints is good - the oldest one made so-so by the kids when the old man passed.
 
The headline is a bit of a misnomer; most of their employees are already in Houston. They are moving the headquarters there while still retaining the refineries and 2,000 or so employees in CA. Frankly, it makes more sense for them, as average oil company wages don't align with Bay Area COL all that well.
The COL all over America has risen precipitously in the last few years. Home ownership is becoming out of reach for most young working class Americans.....especially those wanting to start a family.
 
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@fantastic
Here is an example of my previous post.
This isn’t just Chevron, the list of fleeing companies seems endless and this is only the last 4 years.

https://buildremote.co/companies/companies-leaving-california/
I've been following along just as anyone else has. There are businesses leaving CA for TX. It's a free country & we can change domiciles or business locations as they see fit. Again, good to line the pockets of big corps. Unfortunately, TX has not been very well guarded for Health, Education, High Crime, One of the Highest Poverty Rates in the Nation, etc. That money they don't receive in taxes comes at a cost to the residence well being. Texas being on of the top business locations doesn't seem to have the trickle down economics that have been promised for decades.

2023 Article:
https://www.cnbc.com/2023/07/11/in-a-first-texas-is-no-longer-a-top-state-for-business.html

https://texasview.org/reasons-why-people-leave-texas/

https://www.statesman.com/story/new...ve-work-in-america-cnbc-business/70421581007/

This is not to disparage the great residence of TX, I visit TX & my home state of MO lands on the worst list too, but do want to point out the economic costs when having their specific policies. Good for the top but not so much at the bottom. This is why there is so much emphasis on the middle class since it's the best balanced (Think small businesses).
 
I've been following along just as anyone else has. There are businesses leaving CA for TX. It's a free country & we can change domiciles or business locations as they see fit. Again, good to line the pockets of big corps. Unfortunately, TX has not been very well guarded for Health, Education, High Crime, One of the Highest Poverty Rates in the Nation, etc. That money they don't receive in taxes comes at a cost to the residence well being. Texas being on of the top business locations doesn't seem to have the trickle down economics that have been promised for decades.

2023 Article:
https://www.cnbc.com/2023/07/11/in-a-first-texas-is-no-longer-a-top-state-for-business.html

https://texasview.org/reasons-why-people-leave-texas/

https://www.statesman.com/story/new...ve-work-in-america-cnbc-business/70421581007/

This is not to disparage the great residence of TX, I visit TX & my home state of MO lands on the worst list too, but do want to point out the economic costs when having their specific policies. Good for the top but not so much at the bottom. This is why there is so much emphasis on the middle class since it's the best balanced (Think small businesses).
News stores for everything and anyone in today's media saturated market, all competing for advertising. You seem to be somehow drawn into those stories (above) while ignoring the facts of what is taking place which is what this thread is about. CA is losing businesses to other states more friendly business climate. Simple stuff really. If you want to start a crime thread, whole other subject or opinion piece on why Texas is no longer a top state, again, another thread because the facts do not support the droves of companies leaving CA for other states and the vast majority for Texas.

Most of those stories are not based on the factual data that businesses are moving to these states and moving out of/or avoiding CA all together. Including the massive move by some big names. I mean, simple stuff doesnt even need a lot of critical thinking.
 
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You seem to be somehow drawn into those stories (above) while ignoring the facts of what is taking place. CA is losing businesses to other states more friendly business climate. Simple stuff really.
My first three sentences, you quoted me saying, stated my acknowledgement of CA business moving to TX. Did you miss those points or did you ignore them?

If you want to start a crime thread, whole other subject or opinion piece on why Texas is no longer a top state, again, another thread because the facts do not support the droves of companies leaving CA for other states and the vast majority for Texas.

Most of those stories are not based on the factual data that businesses are moving to these states and moving out of/or avoiding CA all together. Including the massive move by some big names. I mean, simple stuff doesnt even need a lot of critical thinking.
This seems to be a place to post in diverse conversations about the pros and cons of the topic thread here. The attack on "critical thinking" is baseless. It will make it look like you're trying to state, what is already well known, as if no one understands what it's saying. Again, Businesses are choosing to move to TX. That'll be the xx time that's been mentioned in this thread. That is nothing new & I'm surprised you don't understand that many here already understand that point.
 
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My first three sentences, you quoted me saying, stated my acknowledgement of CA business moving to TX. Did you miss those points or did you ignore them?
I think it's time to stop and me to move on with my day. You should have left it at that but you go into opinion pieces, one sided ones on crime and other irrelevant subjects which does not change any outcome of this thread, businesses leaving CA.
So one sided the author of one of your pieces disparages all the states companies are flocking too!!! *LOL*
Come on man, conversation over for me. The list is laughable, South Carolina big business BOOMING through the roof, Worlds largest BMW production facility here, constantly expanding. Boeing Aircraft now here, Volvo to name a few. Alabama same deal, TN same deal... Your stories are hit pieces to mask the success these states are having in attracting businesses.

BTW in your hit piece, it names Texas as number 6 in the country, what is California?
and #1 is my state, North Carolina but I lived in South Carolina for 16 years and saw the booming growth.

I think both our viewpoints can be read by the others in here, no need for me to debate further.
 
Current corporate location has 2000 people. All the corporate jobs will transition to Texas. Most of those are high paying jobs - legal, accounting, people that deal with regulatory - both EPA and SEC public trading stuff. Those are high paying jobs.

Yes, those that support the refineries will stay, but most refinery jobs are likely already at the refinery and not included in the 2000.

So loosing close to 2000 high paying jobs is bad. Whether Texas is better or not is now irrelevant to those 2000 families. Those families support some number of local service businesses. All those places will loose that customer base.

Its bad for California any way you stack it.
 
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