In a significant move showcasing Chevron’s shifting priorities, the energy behemoth has declared that it will relocate its headquarters from San Ramon, California, to Houston, Texas. The company, which has been a cornerstone of California’s corporate landscape since Pacific Coast Oil Company, its precursor, was born more than 140 years ago, cites discrepancies with California’s energy policies and regulatory environment as the driving force behind its exodus. Chevron CEO Mike Wirth told CBS News that they see California’s policies as problematic, inflating costs and dissuading investments that are deemed unfavorable for consumers and the state’s economy.