Chevron Latest Company To Flee California For Texas

Chevron

At a glance

  • Chevron sold a 92-acre office part in San Ramon, Calif., as part of its plan to move most of its workforce to Houston.
  • Tesla and American Airlines are some of the other major corporations that have abandoned California in recent years.
  • According to an August 2021 Hoover Institution report, 74 corporate headquarters left California in just the first six months of 2021, in addition to 64 companies that moved out in 2020. The report states that the state imposes extreme real estate taxes upon businesses that could motivate business owners to leave the state.

 

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