Chevron moved its headquarters from California to Texas due to high taxes and regulations.
Chevron has moved its headquarters from California to Texas, citing California's high taxes and regulations as detrimental to business. CEO Mike Wirth noted these policies have increased costs and discouraged investment. Texas offers a more favorable environment with no personal income tax and lower living costs, attracting businesses and residents. This shift underscores the importance of pro-business policies, as California's economic ranking has plummeted to 47th.
September 01, 2024
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