In another blow to the struggling office market in the Bay Area, global oil giant Chevron has disclosed that it plans to sell its 92-acre headquarters campus in San Ramon, seek smaller office space in the city and move some employees to Houston.
The headquarters complex of the second largest oil company in the US, known as Chevron Park, includes 13 buildings encompassing 1.4M SF and more than 2,000 workers.
Chevron said in a statement it is offering to cover the moving costs of workers who relocate to Houston, where it occupies the former Enron headquarters at an office that currently employs 6,000.
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