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For more than a century, Chevron Corp. (CVX) was synonymous with California. Not only was America’s second-largest oil and gas company founded there in 1876 — it was also headquartered there. In addition, Chevron employed thousands of workers, operated oil fields in the San Joaquin Valley, and maintained two refineries: The Richmond refinery in the San Francisco Bay area and the El Segundo refinery near Los Angeles.The California Energy Commission reported that these facilities were among the largest in the state, responsible for 30% of California’s refined petroleum.Where did Chevron’s headquarters used to be?From its founding — the company was first known as the Pacific Coast Oil Company and later as the Standard Oil Company of California — Chevron’s headquarters were located in San Francisco on Market Street, in two granite skyscrapers known as the Standard Oil Towers.Related: Who owns Chevron? Understanding who controls one of the world’s largest energy companiesIn 1999, the company relocated about 35 miles outside of the city to San Ramon, into a sprawling 92-acre campus known as Chevron Park.But in August 2024, Chevron announced that it would be moving its headquarters out of state in order to “enable better collaboration and engagement with executives, employees, and business partners,” it said in a press release.Why did Chevron move?Chevron CEO Mike Wirth told The Wall Street Journal that the state’s energy policies were making it unsustainable for the company to remain in California. These policies “raise costs … hurt consumers … discourage investment, and ultimately we think that’s not good for the economy in California and for consumers,” he said.Due to environmental policies extended under California Governor Gavin Newsom, Chevron faced mounting litigation over climate regulations, including the “cap-and-invest” program, which limits greenhouse gas emissions from large polluters.Related: What does Chevron mean? A look inside its corporate logoThrough this program, companies that produce carbon emissions must buy credits from the state for every ton of C02 they emit above the “cap” threshold.The Journal reported that due to regulatory challenges, Chevron wrote down as much as $4 billion in assets in the state in 2024. These policies also led to a 29% decline in the company’s California oil and gas production between 2018 and 2024.So when the California Air Resources Board (CARB) introduced even more stringent “cap-and-invest” regulations in January 2026, Chevron execs did not mince words, saying that, if enacted, these new rules would not only affect the company but also the state.Andy Walz, Chevron’s President of Downstream, Midstream, and Chemicals Division, told KCRA News that the program could send gas prices soaring more than $1 per gallon by 2030. He added that they could also drive the company’s refineries out of the state for good, saying, “It’s not whether refineries will close, it’s when.”While Chevron’s Richmond and El Segundo refineries currently remain operational, employing 1,200 and 1,100 workers, respectively, there’s been heated discussion as to their future on social media:

Whereis Chevron’s new headquarters?In 2024, Chevron moved its headquarters to Houston, Texas, a city widely considered the nucleus of the U.S. energy industry.As of Chevron’s August 2024 announcement, roughly 7,000 employees out of Chevron’s 45,000 total workforce were based in the Houston area. CEO Wirth and other executive leaders relocated there at the end of 2024.Company histories:History of Microsoft: Company timeline & factsHistory of Coca-Cola: Timeline, facts & milestonesHistory of Nike: Company timeline and factsIn addition to its C-suite, Chevron’s corporate headquarters houses the company’s finance, communications, and legal departments, as well as the senior management responsible for Chevron’s global oil, gas, and renewable energy operations.Being in Houston allows Chevron’s executives to operate closer to the technical expertise and infrastructure that power the global oil and gas industry, as well as to collaborate with other oil and gas companies.ExxonMobil (XOM) moved to Spring, Texas, in 2023, and Phillips 66 (PSX) relocated from Bartlesville, Oklahoma, to Houston in 2012. ConocoPhillips (COP), Kinder Morgan (KMI), and Enterprise Products (EPD) all also call Houston home due to its low cost of living, no state income tax, and less restrictive regulations.As The Houston Chronicle put it: “Big oil lives here.”Related: Where is Apple’s headquarters? A spaceship-like office with thousands of trees

TheStreet aims to feature only the best products and services. If you buy something via one of our links, we may earn a commission.Why we love this dealThe approach of spring’s sunny days brings forth a sense of renewal, and that’s not limited to the outdoors. After staying warm and bundled up throughout winter, it’s time to switch out the thick blankets and heavy quilts for soft and lightweight bedding. If your go-to spring comforter is feeling dated or looking worn, it’s the ideal time to transform your bedroom with a stylish upgrade. Investing in new bedding is more affordable than you’d expect, especially if you take advantage of the exceptional overstock deals at the hidden Amazon Outlet store.Equal parts cozy and cute, the Oli Anderson 3-Piece Geometric Tufted Comforter Set is 50% off with a limited-time deal. Specific to the king-size bedding in the aesthetically pleasing Oatmeal shade, this deep discount brings the original $61 price tag down to a budget-friendly $30. That means the chic comforter and two matching pillow shams cost just $10 each. Crafted from a soft, lightweight fabric, this bedding is a great selection for spring.Oli Anderson 3-Piece Geometric Tufted Comforter Set, $30 (was $61) at Amazon

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Why do shoppers love it?Featuring charming tufted details, this comforter set uses soft and fluffy textured lines to create an eye-catching pattern. The timeless appeal of this geometric print elevates the bedroom, and it blends well with numerous interior decor styles, including vintage farmhouse, boho eclectic, or coastal cottage. The neutral color delivers understated elegance for a stylish statement without overwhelming the space.Related: Macy’s $100 4-piece sheet set with cottagecore charm is on sale for only $30The boho bedspread and shams are crafted from 100% polyester, so the bedding is durable and machine washable for easy maintenance. Polyester may be considered less desirable than cotton or linen bedding, especially for hot sleepers, but its strength is that it’s affordable and holds up well over time. Shoppers say this material is “super soft, lightweight yet fluffy, and feels so luxurious.” The same reviewer appreciated the bedding’s “cozy vibe” and wrote, “the geometric tufted pattern adds a nice boho touch.”Details to know Size and color options: This boho bedding comes in multiple sizes and colors, but the $30 deal is for the king-size comforter set in Oatmeal.Material: 100% polyester.Is it machine-washable?: Yes.Highly rated with an average rating of 4.6 out of five stars, the quality of this beautiful bedding is backed by numerous reviews. One reviewer raved, “This is my favorite textured and neutral comforter I’ve purchased to date. It’s the perfect weight for spring to fall.”This bedding is an ideal pick for those on a budget and those who sleep cold. We’d also recommend it if you’re looking for a product that will last a long time and resist fading in the wash. If this boho-inspired comforter set isn’t quite your style, Amazon has other exceptional bedding deals worth checking out.Shop more dealsExq Home 3-Piece Fluffy Comforter Set, $36 (was $40) at AmazonMybedsoul 7-Piece Boho Style Comforter Set, $38 (was $59) at AmazonDjy 7-Piece Black Floral Comforter Set, $35 (was $47) at AmazonThe best bedding deals sell out fast, so don’t miss your chance to score the Oli Anderson 3-Piece Geometric Tufted Comforter Set for just $30 at Amazon. The lightweight material is a flawless choice for sleeping comfortably on warm spring days, but it’s so pretty you’ll want to keep it on your bed once winter rolls around again.

It seems like everything you buy these days has a hidden fee somewhere. Whether it’s that DoorDash meal you ordered that cost $15 on the menu, but somehow costs $23 to deliver, or the airline taxes and fees that take a $130 ticket to $200, hidden fees always cause a bit of sticker shock.But retailers are betting that after going through the rigamarole of choosing the product and then paying for it, the consumer is in too deep to not pull the trigger on the purchase. It’s much like how, after spending 10 minutes starving and salivating about the food on DoorDash, I’m willing to pay however much it takes to get the food to my door as fast as possible.If that customer psychology works on small purchases, large purchases that take much more time to consider, and much more funding to complete, are even stickier.For car buyers, those hidden fees have reached crisis levels, as carmakers have been forced to raise prices due to automotive tariffs, while not admitting it due to pressure from the White House.President Donald Trump convened some of the country’s top automakers on a conference call in March 2025 and told them if they raised prices in response to the tariffs, they would “face punishment,” The Wall Street Journal reported.While so-called “destination charges” (the cost of getting the vehicle from the shipping yard or factory floor to the dealer lot) have been rising for years, they recently reached crisis levels.In 2026, what was once a fee of a couple of hundred dollars has ballooned to an average of $1,600 per vehicle. Overall, car buyers spent more than $26 billion on destination charges in 2025, according to Edmunds, and The Wall Street Journal reported that much of that cost was due to tariffs.“It’s a way to raise prices that is, shall we say, less transparent to the consumer,” John Morrill, a Massachusetts car dealer, told The Journal. “Carmakers have raised them a lot, certainly faster than they’ve raised prices.”Ford F-150, the most popular pickup truck in America, saw destination charges add an average of $2,595 to the final price in 2025. In 2020, that number was $1,695. Consumer Reports recently compiled a list of the cars with the most expensive destination charges and a list of cars with the least. Surprisingly, every single one of the top 10 is made by an American car company (Alfa Romeo, the worst offender, is technically an Italian brand owned by Stellantis, a U.S.-based conglomerate).What is Consumer Reports?Founded in 1936 by a group of workers fired from a product-testing firm called Consumers’ Research, Consumer Reports is a multifaceted nonprofit organization that aims to educate consumers about products and help them make informed purchasing decisions.It does this by purchasing and testing products directly, administering detailed surveys to its members about the products they own and use, and investigating the veracity of manufacturers’ claims.Related: Porsche, BMW among most reliable luxury SUVs, Consumer Reports saysConsumer Reports at a glanceFounded: 1936 (as Consumers Union by former employees of Consumers’ Research, fired after they attempted to unionize)Headquartered: Yonkers, NYLeadership: Marta Tellado, president and CEOEmployees: Approx. 500 to 600Members: At least 6 millionMission statement: “Consumer Reports is an independent, nonprofit member organization that works side by side with consumers for truth, transparency, and fairness in the marketplace.”Consumer Reports’ slogan, “Smarter choices for a better world,” captures the organization’s purpose. CR aims to educate and inform the public by providing objective information about popular products, helping consumers make “smarter choices” when purchasing major items.For this list, Consumer Reports says the key takeaway is that “destination charges are now a major cost when buying a car. Be sure to look past the sticker price to understand average transaction prices in your area, destination charges, and taxes for budgeting.”5 vehicles with the most expensive “destination charges” in 2026Alfa Romeo

Alfa Romeo

Models: Giulia, Stelvio, TonaleDestination charge: $3,250Cadillac

Cadillac

Models: Escalade, Escalade IQDestination charge: $2,895Chevrolet

Chevro

Models: Silverado 1500, Silverado 2500HD, 3500HD, Suburban, TahoeDestination charge: $2,795GMC

GMC

Models: Sierra 1500, 2500HD, 3500HD, Yukon, Yukon XLDestination charge: $2,795GMC

GMC

Model: Hummer EVDestination charge: $2,695Related: See 5 more SUVs Consumer Reports calls ‘most reliable’

Broadcast Retirement Network’s Jeffrey Snyder discusses how to manage your retirement plan through volatile markets with Francis LLC’s Edward McIlveen, CFA.Jeffrey Snyder, Broadcast Retirement NetworkJoining me now is Edward McIlveen, CFA of Francis LLC.  Ed, great to see you. Thanks for joining us this evening.Edward McIlveen, CFA, Francis LLCThank you very much. Thank you for having me.Jeffrey Snyder, Broadcast Retirement NetworkYeah, this has been kind of a challenging time in the markets. We’re going to get into that, but I want to start off with a base question. What are you hearing from clients and their employees or what we would call in the retirement industry participants about all this market volatility?Edward McIlveen, CFA, Francis LLCYeah, I think the people that are probably just asking the most questions right now are those that are coming into retirement, those that are in the 55 to 59, 60 years of age that are thinking about, all right, I have built up a good size nest egg, something like this. Is there another time for me to take a look at my asset allocation? Should I make some changes?And so from our standpoint, our messaging really has been around, well, if you’ve got your goals met, if you feel like you’ve paid down debt and you can take risk on a longer term timeframe, this is not the time to really be getting more defensive. If anything, be a little bit more interested in stocks, not just U.S. stocks, but also international. And then- Go ahead.Jeffrey Snyder, Broadcast Retirement NetworkI’m sorry. No, no. Finish your thought.I’m sorry for interrupting you.Edward McIlveen, CFA, Francis LLCOh, yeah. No problem. And then the other folks that we’re talking to are more or less, I’ll call them opportunistic.Hey, is there something here that really just stands out in this dislocation that we should be thinking about a little bit more? And for those folks, what we’re really interested in doing is just making sure we talk about changing things on the margin. There’s no need to go all in or all out of a particular asset class, of course.This is about, all right, maybe just put a little bit more into U.S. equities, a little bit more into emerging markets and a little bit more into international. And why is that? It really comes down to just the history of geopolitical events.And I want to be really sensitive to the reality that we’re talking about war and we’re talking about things that are very unpleasant. And so hopefully your audience and everybody appreciates that in the context of all that, that there’s a human factor, there’s a humanity component of this. And so from my standpoint, as what do we talk about with clients, it really is taking a step back and looking at history and how does this impact your savings?And for the most part, you can go back into the mid-1950s forward and find about 60 different geopolitical events and really all but a handful. Twelve months after the event takes place, the market is either recovered or it’s actually meaningfully ahead from those particular flashpoints. So hopefully that makes sense to you and your audience as well, to just kind of balance the reality that, yeah, there’s a human element here that we want to be just recognizing.And then as a saver and as a long-term investor, that we’re not going to react to the emotion, which is very understandable in that regard.Jeffrey Snyder, Broadcast Retirement NetworkYeah, I can only imagine. I have not spoken to our record-keeping colleagues, but I’m sure the chatbots are ringing off the hook. I don’t even think people use phones anymore.They’re just using chatbots, but I’m sure there’s a lot of queries going on. You bring up history. And when I first saw this event unfold, this attack and the spike in oil, I immediately thought about 12 months ago or 13 or so months ago when we had the tariffs put into place.And if you recall, Ed, there was a significant decline because the market was trying to price in these tariffs. This is kind of analogous to that. It’s a different market event, but similar in the result.And at the end of the day, like you said, the market came back on those tariffs and came back, they really did.Edward McIlveen, CFA, Francis LLCYeah, there are certainly parallels to this. And when we look at not only just the equity market, but really encourage investors to look at the bond market and the bond market has a really wonderful way. It’s not perfect, but it is pretty smart.And just kind of snipping out, right, what are the inflationary impacts from an event like this? You see a big spike in the price of oil. You see the tariffs hit.And whether it was the tariffs or even most recently with this war in Iran, we have not seen a material change to inflation expectations. Inflation expectations, you’re looking at the difference between nominal yields on bonds versus bonds that do change, that do adjust treasury inflation protected securities. And right now that implies, you know, on a forward basis of next five years, about just a little bit more than two and a half percent.That’s true today. That was also true right around the period of the tariffs being released. So while there’s this huge gyration within the equity markets and in some of the commodity markets, we always encourage investors to look at the bond markets, because that does give us a good signal about inflation, as well as what future economic growth looks like.And just like the tariff environment to today, when you look at these things between the shape of the yield curve, it is upward sloping. It is traditionally a signal that there is economic growth ahead versus recession.Jeffrey Snyder, Broadcast Retirement NetworkYou brought up, you know, nibbling on it, paraphrase what you said, nibbling around the edges in terms of diversification and asset classes. Does the, you know, I grew up in the 60-40 split era. So when I think about the moderate balance portfolio, I think about target day funds.I think about some of the managed portfolios. Does that strategy still hold true today? You know, we’ve got a lot of volatility today, the past few weeks or days, the past week I would say, but we had volatility last year.But this, does that portfolio strategy, that diversification still hold true today?Edward McIlveen, CFA, Francis LLCLargely, yes. There’s a nuance that we have talked about with our clients for a handful of decades now, and that is thinking a little bit more about anything that is inflation sensitive. So within the 60-40, 70-30 portfolio, why not carve out a component, call it 5% towards a commodities basket that has some inflation sensitive properties?Why not carve out some treasury inflation protected securities within your fixed income? And also, believe it or not, emerging market debt is a very powerful diversifier. But in like all these things, when you’re diversified, you don’t really have more than 5%, 8% within a portfolio that’s going to make this up.So as you think about these different economic environments that we come in and out of, and of course, we never really know when we’re going to hit a high inflationary environment, or if things are going to turn south on the growth front, you need to have a lot of things covered from an overall economic growth profile and inflationary profile. So when we think about retirement plan investors having an asset class like commodities, and I’m talking about a commodities index product or something that is like that, broadly diversified, many different contracts, majority of it is in energy, about half of it is in energy. And I’m thinking about the UBS Prompt Index, formerly known as the Credit Suisse Commodity Benchmark, 50% or so in energy, and then you got a quarter that’s in metals, both precious and industrial, and another quarter that’s going to be in agricultural.Because again, you never know which commodity it is that you’re going to hedge with. But I think sometimes retirement plan investors, one of the things that we hear, and I just had a phone call with an individual today was, should I be thinking about platinum? Should I be thinking about gold as standalone options?And to us, they can be part of a broadly diversified component within commodities and something that’s inflation sensitive. But going back to the whole idea of being diversified and the 60-40 or the 70-30 portfolio, it broadly holds with the belief that we have that you want to have something that’s more inflation sensitive embedded with it. And that’s been one of our core philosophies now, like I said, for a couple decades plus.Jeffrey Snyder, Broadcast Retirement NetworkAnd so for these upcoming meetings, and I don’t want you to give away the secret sauce here, but when you go to visit with clients, and for those unfamiliar with our industry, there’s generally quarterly meetings, you sit down with the fiduciaries, they have a responsibility to the benefit, the participants receiving benefits. Are there, do you recommend these asset classes? Or is it like, hey, we can do this, but the chances of adding a fund in the next 30 days, procedurally, operationally, that’s not going to be done in 30 days.It may not even be done in 60 days, there’s communication, there’s operational challenges. So are these conversations that you have to set the groundwork for the future?Edward McIlveen, CFA, Francis LLCYeah. And anytime we start working with a client, this is all part of our onboarding. We take almost all of the clients that we look at initially, they have the traditional asset classes covered in spades.It’s really these inflation sensitive components that need to be brought into the discussion. So to your point, you’re absolutely right. If you haven’t done this, now, putting in something that is commodities sensitive or oil sensitive, whatever you want to call it, now, it just doesn’t feel like it would certainly be the right time, opportunistically speaking.But thinking about it from a much broader picture of, all right, what do we want to have to offer our participants? So they have the tools, and that committee, as a 401k committee, they’re not managing the money. They can just make the tools available, and a participant can make a decision around that.And that’s where education comes in and making people aware of what their opportunities are and using them sparingly. It is important also, I think, to note that sometimes when these kinds of products are put into plans, there’s a fear that they’re going to be misused. And from what we have seen, it is very, very unusual for participants to actually say, you know what?I just saw oil go up X number of percentage. I better put half of my account in that commodity fund and really get this thing cranking. That is a very, very unusual situation to come across.We don’t really see more than, like I said, this 5% target and less in an individual portfolio. That’s really where it sits, with and without communication, with and without education, and sitting down with people as well.Jeffrey Snyder, Broadcast Retirement NetworkYeah. These are conversations that should be had, and I know that you and your team do that. You always deliver a state of the economy where things are, and that helps set the table for future decisions.Ed, we’re going to have to leave it there. Great to see you. Thanks for joining us.Look, we look forward to having you back on the program again very soon, sir.Edward McIlveen, CFA, Francis LLCGreat conversation. Thank you so much, Jeff.