Chevron Lists Bishop Ranch Former HQ for Sublease

Chevron is looking to sublease another chunk of its longtime headquarters in San Ramon’s Bishop Ranch complex after moving to Houston last year.

The energy giant listed its 400,000-square-foot offices at 5001 Executive Parkway for sublease, the San Francisco Business Times reported. The company downsized its footprint at Bishop Ranch in 2022 when it sold its 1.3 million-square-foot Chevron Park corporate headquarters to Bishop Ranch owner Sunset Development Company for $175 million.

“We built out a high-quality space for Chevron, and it still stands as one of the most thoughtfully designed offices at Bishop Ranch,” Sunset Development President and CEO Alex Mehran Jr. said in a statement to the Business Times, noting “their decision to sublease reflects the flexibility” of Bishop Ranch’s facilities.

Chevron, which can trace its roots to San Francisco nearly 150 years ago, is still required to maintain a smaller office at the park, though the exact size remains unclear, according to the Business Times.

In 2024, Chevron boasted a headcount of 2,000 in San Ramon; 600 of those workers were laid off in April. Its corporate headquarters is now located at 1400 Smith Street in downtown Houston.

Meanwhile, Chevron’s old Chevron Park headquarters in Bishop Ranch is slated to become a new mixed-use neighborhood known as The Orchards. Sunset Development is planning to build 2,510 homes, 125,000 square feet of ground-floor retail and a 2.5-acre park at the site. In total, Sunset Development plans to build 8,000 new homes at Bishop Ranch by 2040.

Bishop Ranch has signed 15 new leases and renewed 37 others so far this year. The 15 new agreements at the office campus totaled more than 254,000 square feet.

While Bishop Ranch maintains several long-term anchor tenants like AT&T, BMO Bank and Robert Half, several have downsized their footprints at Bishop Ranch in recent months as the Sunset-owned office park continues its transformation into a mixed-use community. BMO and Robert Half, for example, both shrunk their presences at Bishop Ranch this year.

— Chris Malone Méndez