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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

  • 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.

  • 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.

  • 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.

  • CBRE

Real estate giant moved global HQ to Dallas from LA in '20, citing TX's business-friendly environment. Ranked 138th on Fortune 500.

  • 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