Chevron to Cut 600 Jobs in San Ramon
Chevron is eliminating 600 positions at its San Ramon, California, headquarters. The layoffs are part of a broader, company-wide restructuring that will directly impact the local economy.
The San Ramon job cuts are part of a wider company strategy to achieve $3 billion to $4 billion in structural cost reductions by the end of 2026. This global initiative aims to reduce Chevron's workforce by 15% to 20% through layoffs and other measures. These layoffs follow Chevron's official relocation of its corporate headquarters from San Ramon to Houston, Texas, announced in August 2024. CEO Mike Wirth and other senior leaders were expected to move to Houston by the end of that year to be closer to key partners and the broader energy sector. All corporate functions are anticipated to migrate to Houston over a five-year period. CEO Mike Wirth has cited California's policies, which he states have increased operational costs and discouraged investment, as a factor in the company's departure after more than 140 years in the state. In early 2024, the company announced it would write down the value of its California assets by $3.5 billion to $4 billion due to what it termed "continuing regulatory challenges." The restructuring comes even as Chevron reports record production levels. However, the company's fourth-quarter 2025 earnings of $2.8 billion were down from $3.2 billion in the same quarter of the previous year, influenced by lower crude oil prices. In a notice to the state, a Chevron manager stated the goal is to "simplify our organizational structure, execute faster and more effectively, and position the company for stronger long-term competitiveness." The company has indicated that more layoffs in San Ramon may occur, but the scope has not yet been determined. Beyond the San Ramon headquarters, the cost-cutting measures have also impacted other California locations. In late 2025, Chevron announced an additional 175 job cuts, with 100 at its San Ramon office and 75 in Bakersfield. While corporate roles are moving, Chevron will retain some employees in San Ramon to support its ongoing California operations. The company continues to operate refineries, technical facilities, and supplies over 1,800 retail stations in the state.
