Chevron Joins Major Companies Moving Headquarters from California to Texas

Chevron's relocation to Houston marks a significant shift, reflecting broader trends of businesses leaving California for Texas' favorable business environment.

Chevron will move its headquarters from San Ramon to Houston by the end of 2024.
The move follows similar relocations by Tesla, Oracle, and Charles Schwab, among others.
San Ramon's economy, though diversified, may face challenges due to Chevron's departure.
California remains home to numerous Fortune 500 companies despite these relocations.
Texas' low taxes and light regulation are major factors attracting these businesses.