Chevron Oil announces move from SF

The Associated Press
Thursday September 06, 2001

SAN FRANCISCO — Oil giant Chevron Corp. announced Wednesday that it will end its 122-year history as a San Francisco company by moving its headquarters to a suburban campus in San Ramon, 40 miles east of its current home. 

The move, expected to be completed by the end of next year, represents a bigger blow to San Francisco’s pride than its economic vitality. 

Formerly one of the city’s largest employers, Chevron has just 200 workers left at its San Francisco headquarters. To save money, Chevron opened a 92-acre campus in San Ramon in 1985 and began transferring thousands of administrative workers to the 13-building complex. 

The most recent wave of transfers occurred after Chevron sold its San Francisco headquarters in 1999 and moved 900 workers from San Francisco to San Ramon. After selling its offices, Chevron leased 10 floors of its old headquarters to preserve its San Francisco heritage.