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Chevron Corp. will end its nearly 100-year relationship with San Francisco next year as the company moves its headquarters north to San Ramon, Calif., where it already operates a sprawling campus, the company said yesterday.
Chevron expects to complete the move by the end of next year, saying it was not cost-effective to run its headquarters from San Francisco. Chevron, which is in the process of acquiring Texaco Inc. employees about 8,500 people in northern California, including about 2,000 in Concord and about 3,000 at a refinery and research center in Richmond.
"We have enjoyed important and positive relationships in San Francisco for nearly a century, and we'll miss being part of a community that has been our corporate home for so long," said Chevron Chairman and CEO Dave O'Reilly. "While San Francisco is a great location, we need to bring all of our people together. We've found over the past couple of years that it just isn't efficient to operate our headquarters from San Francisco."
Only 200 employees, including senior management, currently work at Chevron's headquarters in San Francisco. The oil company sold its two buildings on Market Street in San Francisco in December 1999, moving about 900 of its staff to San Ramon.
Since then, Chevron has leased 10 floors at the 575 Market Street building. Those employees will start moving to San Ramon, joining the 3,500 employees who work at the Chevron Park campus and other nearby buildings in San Ramon, during the second quarter of next year.