WSJ News Exclusive | Chevron will be cut in California, will remain based in the state

beam plans to sell its current headquarters in California and offer to relocate some employees to Texas to cover costs, the latest move by a large US employer to reduce the size of its offices .

The second-largest US oil company said it would remain based in its home state of California for more than 140 years, but would abandon its Chevron Park campus in San Ramon, Calif., to its global headquarters for two decades.