Overview

• Chevron's departure marks the end of a 145-year history in California, where the company was founded.
• The relocation is framed as a strategic decision to be closer to industry resources in Texas.
• California officials attribute the move to the state's aggressive climate policies and regulatory environment.
• Texas Governor Greg Abbott welcomes Chevron, calling Texas its 'true home' for energy companies.
• The move is part of a broader trend of businesses leaving California due to high costs and regulatory challenges.