Finance
Factbox-To the Lone Star State: Corporate migration to Texas takes off
Published by Global Banking & Finance Review®
Posted on March 18, 2025
3 min readLast updated: January 24, 2026
Global Banking & Finance Review®
Company
Published by Global Banking & Finance Review®
Posted on March 18, 2025
3 min readLast updated: January 24, 2026
Companies are relocating to Texas for lower taxes and business-friendly policies, with major firms like Tesla and Oracle leading the trend.
(Reuters) - An increasing number of companies are relocating their headquarters to Texas, drawn by lower taxes, business-friendly regulations and a growing talent pool.
The moves are expected to reshape the state's economic profile and strengthen its national influence. Texas is set for further gains with the planned launch of the Texas Stock Exchange, a new challenger to Wall Street aiming to attract companies looking for alternative listing venues.
Meanwhile, Intercontinental Exchange, the parent of the New York Stock Exchange, and Nasdaq have also announced plans in recent months to expand their presence in the state.
Here is an overview of actions by major companies in recent years:
Company Year Details
Yum! Brands 2025 The company said it will relocate KFC
U.S. corporate office employees
currently in Louisville, Kentucky, to
the KFC and Pizza Hut Global
headquarters in Plano, Texas.
X 2024 Billionaire Elon Musk said he is
moving the social media platform's
headquarters to Texas from
California.
SpaceX 2024 Musk also announced change in the
headquarters of his rocket company to
Texas from California. He had
transferred SpaceX's incorporation
from Delaware to Texas in February
2024.
Chevron 2024 The oil major announced plans to
relocate the company's headquarters
from San Ramon, California to
Houston, Texas. The company has been
bitterly contesting state regulations
on its oil producing and refining
operations in California.
Frontier 2023 The telecommunications company
Communications announced plans to relocate its
headquarters from Norwalk,
Connecticut to Dallas, Texas.
Fisher 2023 The investment manager moved its
Investments headquarters from Camas, Washington
to Plano, Texas.
Caterpillar 2022 The heavy machinery manufacturer
announced its decision to relocate
its global headquarters from
Deerfield, Illinois to its existing
office in Irving, Texas.
Tesla 2021 CEO Elon Musk moved the EV maker's
headquarters from California to
Texas.
AECOM 2021 The infrastructure consulting firm,
moved its global headquarters from
Los Angeles, California to Dallas,
Texas.
Charles Schwab 2021 The brokerage moved its headquarters
from San Francisco to its new campus
in Westlake, Texas.
Oracle Corp 2020 The business software maker announced
plans to move its corporate
headquarters to Austin, Texas from
Redwood City, California. Chairman
Larry Ellison said in April last year
that Oracle was moving its world
headquarters to Nashville, Tennessee.
Hewlett Packard 2020 The tech company moved its
Enterprise headquarters from Silicon Valley to
Texas.
(Compiled by Manya Saini, Mrinalika Roy, Aamir Sohail and Shivansh Tiwary in Bengaluru; Editing by Shilpi Majumdar)
The article discusses the trend of companies relocating their headquarters to Texas due to favorable business conditions.
Companies are attracted by lower taxes, business-friendly regulations, and a growing talent pool.
Companies like Tesla, Oracle, and Chevron have relocated their headquarters to Texas.
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