Chevron's defection from California follows other large companies moving away, as well. This month, Elon Musk announced he's moving X headquarters from San Francisco to Austin, Texas.

Over 100 companies moved their headquarters to Texas since 2020, with 40% of them coming from California. 'We kept getting outbid:' Californians moving to Texas explain why they're changing states ...

Elon Musk says the space and social media companies are moving from their California HQs to Texas after Gov. Gavin Newsom signed AB1955 into law.

A total of 200 companies have moved to Texas since 2020, according to the data from Gov. Abbott. In 2024, 24 companies, including Chevron and SpaceX, announced they would establish an HQ there.

The top destinations for people leaving California are primarily in Texas, Colorado, and Tennessee. The most common states ...

Despite a growing narrative that California is hostile to businesses, experts say the state still has unmatched advantages.

In 1849, finding gold at Sutter's Mill set off a historic Gold Rush to California. Today, though, businesses are leaving that state to seek their fortunes elsewhere: Many of which are coming to Texas.

He noted that the cost of doing business in California is 6.3% above the national average and Texas' is 4.6% below it. This is not the first time Texas has looked to raid California for businesses.

Companies continue to flee California for Texas, and the pandemic didn’t dampen the trend: 29 companies moved their headquarters to Texas in 2019; 31 in 2020; and already, 21 have made the move ...

McKesson, Chevron, and Tesla are among the biggest companies to leave California in recent years.

Their move reflects California’s success, instead of a “Troy in flames” portrait that has been recently painted by many. Unfortunately, there is no need for a Trojan Horse to defeat ...

Elon Musk says the space and social media companies are moving from their California HQs to Texas after Gov. Gavin Newsom signed AB1955 into law.