A Welcome to Texas sign
  • A stampede of big companies has left California for Texas — the latest is oil company Chevron.
  • Tesla, Charles Schwab, and Oracle already moved from the Golden State to the Lone Star State.
  • Texas boosters say its low taxes and light-touch regulation are helping lure businesses.

The rush of companies leaving California for Texas is becoming a downright stampede.

Chevron, which has called California home since 1879 when it began as the Pacific Coast Oil Company, is the latest.

The oil company had been sued by its home state late last year. California accused Chevron and other energy giants of downplaying the risks of fossil fuels.