Chevron Relocating Headquarters from California to Texas

Chevron plans to relocate its headquarters from California to Texas due to excessive regulation and clashes with authorities over climate policies. Other companies have also cited lower taxes and lighter regulation as reasons for moving to Texas. Elon Musk previously announced moving the headquarters of X and SpaceX from California for similar reasons.

Renewal of U.S. Sanctions on Venezuela's Oil Industry

The U.S. is renewing sanctions on Venezuela's oil industry due to concerns over the Venezuelan government's actions related to free and fair elections. Chevron is allowed to continue a joint venture with Venezuela's national oil company amidst these sanctions.