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Chevron originally known as the Standard Oil Company of California traces it’s history in California back to the 1870’s. This company has been very loyal to California and now after 150 years is leaving. This tells you everything you need to know about the State of California!

Also left California Telsa, CBRE Group, Hewlett Packard, Oracle, Kaiser Aluminum.

Why are companies leaving California?

I’ve pulled out notable phrases that company leaders mentioned when explaining their decision to leave California. Here are some samples to give you an idea:

Finding a place that is “easier to hire talent“
In search of a “great talent pool” (in the new city and state)
Seeking a “more sustainable place to do business“
There is an “increasing intolerance and monoculture of Silicon Valley“
Seeking “a strong economic climate with low taxes, reasonable regulations and a high-caliber workforce”
Moving for “our business needs, opportunities for cost savings, and team members”
There were “some symmetries in the way that the Bay Area works that just didn’t really work well for us”
“Arizona provided the ideal conditions of being business-friendly, offering a high quality of life at reasonable cost”
Employees can be homeowners in Texas, “which in the Bay Area is virtually impossible”
“In California, local rules could dictate how the company chooses board members, for instance”