To the Lone Star State: Corporate migration to Texas takes off

(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)