Chevron and California legislators have long butted heads over energy and climate policies: The oil giant blamed a $4 billion writedown on the state’s tightening regulations as it seeks to wean itself off fossil fuels. Chevron Americas Products president Andy Walz said in January, California was playing a “dangerous game” in response to the climate policies. Two months later, Chevron agreed to pay the state over $13 million in fines for dozens of oil spills since 2018.
But as the second-largest oil company in the U.S. plans to complete its move from San Ramon, California, to Houston, Texas, this year, CEO Mike Wirth has pushed back on politics being the deciding factor for the move.
