Chevron Dumps California for Texas After 145 Years (1)

Chevron Corp., based in California since the days of kerosene lamps, is moving headquarters to Texas after years of fighting Golden State officials over strict environmental policies and costly regulations.

The move announced Friday will end the company’s 145 years of being based in the most populous US state. The shift prompted Texas Governor Greg Abbott to welcome Chevron to its “true home,” while a spokesperson for his California counterpart Gavin Newsom dismissed it as a “logical culmination” of a years-long transition by the oil giant.

Chevron already had slashed new investments in California refining, citing “adversarial” government policies ...