Chevron expanding presence in Houston area


6. 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.

Copyright 2014 by All rights reserved. This material may not be published, broadcast, rewritten or redistributed.