Texas officials praised last week’s announcement by Exxon Mobil Corp. of the move of its legal domicile from New Jersey to Texas. Governor Greg Abbott said, “I thank Exxon Mobil for their decision to redomicile in Texas and for their long-standing partnership with our state. With this decision, Texas will further dominate the corporate landscape and ensure our economic growth reaches new heights.”
A Fortune 500 and Global 500 company, Exxon Mobil moved its operating headquarters to Texas in 1989. About 30 percent of the company’s global employees are in Texas, and 75 percent of its U.S. employees are in Texas.
Exxon Mobil chairman and CEO Darren Woods said March 10 that Texas has “created a policy and regulatory environment that can allow the company to maximize shareholder value… Aligning our legal home with our operating home in a state that understands our business and has a stake in the company’s success is important.”
Abbott added, “Texas is where global brand leaders thrive and jobs for hardworking Texans grow.”