A growing number of high-profile companies, including Chevron, Tesla, McKesson, Charles Schwab, CBRE, Hewlett Packard Enterprise, Palantir, AECOM, FICO, SpaceX, and Oracle, have relocated their headquarters from California to other states such as Texas, citing high costs, stringent regulations, and lifestyle challenges.

According to a 2025 report , only 3% of California firms relocated out of state; however, larger corporations are likely to leave, sparking concerns about the state's economic future.

Economic Pressures Driving Exodus

California's high cost of living and tax rates are the key factors pushing companies away. Chevron, a California native since 1879, announced on 2 August 2024 its move to Houston, Texas, citing restrictive policies .

'While our relocation has v

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