Chevron sells global headquarters, returns to California as part of Texas expansion

Chevron has sold its current headquarters in California and plans to move into nearby leased space about one-third the size as it continues to move employees to Texas.

The second-largest U.S. oil company on Wednesday completed the sale of its Chevron Park campus in San Ramon, Calif., its world headquarters for two decades, to Sunset Development Co. The family-owned company originally sold the 92-acre parcel to Chevron. in the early 1980s.