business
Five Firms Flee California for Texas
Texas poaches another five big companies from California, notes Forbes.
Published August 19, 2024 at 7:02am by Beck Andrew Salgado
5 Huge California Companies Now Based in Texas: Chevron, Tesla, & More
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Chevron
Recently announced move to Houston from San Ramon, Calif. by end of 2024. CEO Mike Wirth & others moving too. Ranked 15th on Forbes' Fortune 500.
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Tesla
EV maker moved HQ to Austin in '21, from Palo Alto. Now at $1.1bn Giga Texas site, employing 10,000+. Ranked 40th on Fortune 500.
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Oracle
Famous database co. moved HQ to Austin from Redwood Shores, Silicon Valley in '20. Ranked 89th on revenue in '24 Fortune 500. May move to Nashville soon.
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CBRE
Real estate giant moved global HQ to Dallas from LA in '20, citing TX's business-friendly environment. Ranked 138th on Fortune 500.
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Hewlett-Packard
Iconic IT co. moved from Palo Alto, its home since '39, to Houston in '20 for lower costs. Ranked 147th on '24 Fortune 500.
Beck Andrew Salgado, for Austin-American Statesman. Contact: Bsalgado@gannett.com.
Read more: These are the 5 biggest companies that have chosen to move from California to Texas