Chevron expanding presence in Houston area

6. Chevron
6. Chevron (Chevron)

HOUSTON – Chevron is expanding its strong presence in southeast Texas. 

The California-based company recently purchased nearly 100 acres off the Grand Parkway and Clay Road in the Katy area.

A company representative said the land is for future "research and development facilities."   

Chevron also plans to eventually build a 50-story office tower in downtown Houston.

The company has not yet released details on employment decisions.