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Dual nationals face scramble for UK passports as new rules come into force

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Dual nationals face scramble for UK passports as new rules come into force

Entry requirements to the UK for dual nationals are being overhauled as part of sweeping changes to the immigration system.

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February home sales see small rebound, but supply growth is ‘sluggish’

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February home sales see small rebound, but supply growth is 'sluggish'
February home sales see small rebound

Home sales made a small gain to start the year, but higher mortgage rates now could throw cold water on the spring season.

Existing home sales in February rose 1.7% from January to a seasonally adjusted, annualized rate of 4.09 million units, according to the National Association of Realtors. Sales were down 1.4% from February of last year.

This count represents closed sales, so deals were likely inked in December and January, when mortgage rates fell a bit and stayed solidly in a low range near 6% on the 30-year-fixed mortgage. Rates were about a full percentage point higher the year before.

“Despite the modest gain in home sales, actual housing demand remains muted relative to wage growth and job gains,” Lawrence Yun, chief economist for the Realtors, said in a release. “Wage growth is now outpacing home price growth by almost four percentage points. Mortgage rates are also measurably lower compared to a year ago.”

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Yun also noted that there are over 6 million more jobs now than there were in 2019, yet home sales per year are down by 1 million.

Lower mortgage rates helped improve affordability slightly, but low inventory is still a significant headwind. There were 1.29 million units for sale at the end of February, an increase of 2.4% from January and 4.9% from February 2025. At the current sales pace, that is a 3.8-month supply, unchanged from January. A six-month supply is considered a balanced market between buyer and seller.

More sellers who delisted their homes last fall, due to slower sales and weak consumer confidence, are relisting their homes now, according to Redfin, a real estate brokerage. Nearly 45,000 homes that were delisted last year were relisted for sale in January. That is the highest January figure since Redfin began tracking this metric a decade ago and represents a record 3.6% of homes that were on the market in January.

“Inventory is growing, but sluggishly,” Yun said. “If demand picks up notably in the coming months and outpaces supply growth, home prices will inevitably rise. That is why increasing supply is so important to help limit home price growth, improve housing affordability, and boost transactions.”

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Tight supply, however, is keeping prices just barely higher. The median price of a home sold in February was $398,000, an increase of 0.3% year over year. Sales continue to be strongest in the highest price category, properties listed at $1 million or above. Sales were down sharply on the lowest end of the market.

It continues to take longer to sell a home, at 47 days, up from 42 days one year ago. First-time buyers represented 34% of total sales, an increase from 31% a year ago. Investors made up 16% of sales, unchanged from a year ago.

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Is Abu Dhabi Airport Open Today? Zayed International Airport in Abu Dhabi Resumes Limited Operations

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Kuwait International Airport

ABU DHABI, United Arab Emirates — Zayed International Airport (AUH), the primary international gateway to Abu Dhabi, remains partially open and operational as of March 11, 2026, following widespread disruptions triggered by escalating geopolitical tensions in the Middle East. The airport, also commonly referred to as Abu Dhabi Airport, has gradually resumed limited commercial flights since early March after temporary airspace restrictions and security concerns halted most services.

Zayed International Airport Abu Dhabi International Airport
Zayed International Airport Abu Dhabi International Airport

The partial resumption comes in coordination with the UAE’s General Civil Aviation Authority (GCAA), the Emergencies, Crises and Disasters Management Center – Abu Dhabi, and major carriers like Etihad Airways. Officials emphasize that while the facility is not closed, it is far from full capacity, with operations restricted to select routes, repatriation efforts, and essential flights. Travelers are strongly advised not to head to the airport without a confirmed booking, as many services remain suspended or subject to last-minute changes.

The disruptions began in late February and early March 2026 amid heightened regional conflict, including reported missile threats and airspace closures across parts of the Gulf. Initial suspensions affected Etihad Airways and other operators, stranding thousands of passengers and leading to significant cancellations. By March 2, limited flights restarted at Zayed International Airport, with Etihad operating select departures to destinations such as London, Paris, and Mumbai. Further phased reopenings followed, with Etihad announcing a limited schedule from March 6 through March 19, covering up to 70 destinations worldwide on certain days, though not all routes operate daily.

As of March 10 and into March 11, Etihad has continued updating its flight schedules, with confirmed departures including services to Jeddah, Toronto, New York, Cairo, Riyadh, Malé, Bangkok, Phuket, Kuala Lumpur, and Colombo, among others. These flights are prioritized for passengers with existing bookings, and new tickets are available through the airline’s website. However, airlines warn that all operations remain contingent on airspace approvals and evolving security conditions. Etihad has reiterated that passengers should check flight status directly at etihad.com and avoid traveling to the airport unless directly contacted or holding a confirmed reservation.

Airport authorities report that facilities inside Zayed International Airport, including cafés, restaurants, and other amenities, are operating normally for those with access. Passengers with confirmed flights are recommended to arrive 45 minutes earlier than usual to account for additional security and processing times. Free high-speed Wi-Fi remains available, along with services like meet-and-assist and porter support.

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Flight tracking data indicates moderate delays at the airport, with some cancellations still occurring due to the constrained environment. Sources close to aviation monitoring show dozens of delays and cancellations linked to regional routes, though exact figures fluctuate hourly. The airport’s official website, zayedinternationalairport.ae, provides real-time flight status tools for departures and arrivals, allowing users to search by flight, airline, or city.

The broader context involves partial reopenings across UAE hubs, including Dubai International Airport (DXB), where similar limited operations have resumed. Airlines such as Emirates, flydubai, and Air Arabia have also restarted select services, but full network restoration could take additional days or weeks depending on regional developments. Other Gulf carriers, including those in Qatar and Oman, have reported ongoing cancellations on certain routes due to airspace limitations.

Abu Dhabi Airports, the operator of Zayed International Airport, has highlighted efforts to support affected passengers, including rebooking assistance and accommodations where feasible. In statements, the authority stressed passenger safety as the top priority while working to restore connectivity.

Travelers planning to use Abu Dhabi Airport should monitor official sources closely. The Zayed International Airport site and Etihad’s news updates offer the most current information. Independent flight trackers like Flightradar24 and FlightAware provide live arrival and departure data, though they note that conditions can change rapidly.

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As the situation stabilizes, aviation experts anticipate a gradual return to normal operations, but for now, flexibility remains essential for anyone flying through or to the UAE. Passengers with upcoming travel are urged to contact their airlines directly for personalized guidance and to stay informed through reliable channels to avoid unnecessary trips to the airport.

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PAAA: Where It Fits In Mid-Yield And High-Yield Income Portfolios (NYSEARCA:PAAA)

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PAAA: Where It Fits In Mid-Yield And High-Yield Income Portfolios (NYSEARCA:PAAA)

This article was written by

I have a B.Tech degree in Mechanical Engineering from a top school in India. For nearly twenty five years, I have worked in the oil and gas sector, primarily in the Middle East. I work at the intersection of engineering, operations, and project management in an industry that does not forgive mistakes – so I have learned to be efficient, careful, and disciplined. These traits inform my investment strategy. For much of my professional career, I have maintained a serious and sustained interest in the U.S. equity markets, with a particular focus on technology, energy, and healthcare. I started as a growth investor, taking risks as I saw fit; but today, my investment approach blends elements of both value and growth. I seek to understand the underlying economics of a business, evaluate the durability of its competitive advantage (or “moat”), and assess its ability to generate consistent free cash flow over time. I believe, as Munger puts it, in “sitting on your ass” when holding a high-quality business—allowing time and compounding to do the heavy lifting. My orientation is moderately conservative; I look for upside while minimizing downside. Well, who doesn’t, but as I look towards retirement, I have started emphasizing the latter over the former. As a result, in recent years, I’ve gradually rebalanced toward income-generating assets—dividend-paying equities, REITs, and similar vehicles. I view investing not merely as a pursuit of high returns but something that will also generate peace of mind. I joined Seeking Alpha to both contribute to and learn from a community of thoughtful investors—people who, like me, are interested in the intersection of real-world business fundamentals and intelligent investing. PS – The icon I have used represents something fundamentally important to me – that is, to earn money through investing in ecologically sensitive businesses.

Analyst’s Disclosure: I/we have no stock, option or similar derivative position in any of the companies mentioned, and no plans to initiate any such positions within the next 72 hours. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha’s Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

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GameStop Shares Hold Steady Near $25 Amid Acquisition Speculation and Meme Stock Legacy

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GameStop stock graph is seen in front of the company's logo

GameStop Corp. (NYSE: GME) shares traded in a narrow range around $24.80 in recent sessions, reflecting cautious investor sentiment as the video game retailer navigates ongoing speculation about a major acquisition under CEO Ryan Cohen while maintaining its status as a prominent meme stock.

GameStop stock graph is seen in front of the company's logo

The Grapevine-based company closed at $24.80 on March 9, up 1.76% for the day on volume of more than 7 million shares. In pre-market trading the following session, the stock edged higher to around $24.90. Year-to-date in 2026, GME has gained more than 20%, outperforming many other former meme favorites that have declined sharply. The stock’s 52-week range spans from $19.93 to $35.81, with the high reached in late May 2025.

GameStop’s performance continues to be driven by a mix of retail enthusiasm, short interest dynamics and strategic moves by Cohen, who has transformed the company from a struggling brick-and-mortar chain into one with a stronger balance sheet and growing focus on collectibles and e-commerce. Despite persistent challenges in the core video game retail business, including store closures and shifting consumer habits toward digital downloads, the company has benefited from episodic rallies tied to broader market narratives.

In late January 2026, Cohen purchased an additional 500,000 shares at an average price of about $21.12, boosting his stake to roughly 9.2% or more than 41 million shares including warrants. The buy came five years after the iconic 2021 short squeeze that propelled GameStop into the spotlight, led by retail investors including Keith Gill, known online as Roaring Kitty. Gill has remained largely silent on social media since early 2025, with his last notable post in January of that year featuring cryptic imagery that fueled speculation but no direct commentary on the stock.

Cohen’s recent purchases and earlier buys have signaled confidence to supporters. In another instance earlier in the year, he acquired shares during a dip, reinforcing his alignment with shareholders. His compensation package, approved by the board, ties rewards entirely to performance milestones, including massive stock options that vest only if GameStop achieves significant market capitalization and EBITDA targets starting from early 2026. Analysts note this structure incentivizes transformative growth, potentially through acquisitions.

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Speculation about a “very big” deal has intensified since late January, when reports from The Wall Street Journal and CNBC indicated Cohen was exploring a major acquisition of a publicly traded consumer or retail company. Cohen described the potential move as one that could prove “genius or totally, totally foolish,” highlighting the high-risk nature of such a transaction. Market observers have speculated targets could include platforms in e-commerce or related sectors, though no deal has been announced. The prospect has kept options activity moderately bullish at times, with call volume occasionally spiking on news flow.

GameStop’s most recent earnings, for the fiscal third quarter ended November 2025 and reported in December 2025, showed mixed results. The company posted earnings per share of $0.24, beating consensus estimates of $0.20, but revenue declined 4.6% year-over-year to $821 million, missing expectations. Management highlighted strength in collectibles and trading card categories, offsetting softer hardware and software sales amid industry trends toward digital consumption.

The next earnings report, covering the fiscal fourth quarter, is expected around March 24, 2026, with analysts anticipating EPS around $0.08 to $0.20 based on varying forecasts. Longer-term projections suggest modest improvement, with some estimates pointing to EPS growth in fiscal 2026 driven by cost controls and potential strategic initiatives.

Short interest remains a focal point for many investors. While exact current figures fluctuate, the stock’s history of high short squeezes continues to attract attention from retail traders monitoring platforms like Reddit’s WallStreetBets. However, volatility has moderated compared to the 2021 peaks, with the stock consolidating in the low-to-mid $20s for much of late 2025 and early 2026.

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GameStop has used capital raised during past rallies to bolster its position, including paying down debt and building cash reserves. The company has closed hundreds of underperforming stores in recent years as part of Cohen’s turnaround efforts, shifting emphasis toward profitability over expansion. This strategy has drawn both praise for fiscal discipline and criticism from those concerned about the long-term viability of physical retail in gaming.

Analyst coverage remains limited and generally bearish on fundamentals. Consensus price targets hover around $13.50, implying significant downside from current levels, with ratings often in the sell category. Critics point to declining same-store sales in core categories and competition from digital giants. Supporters counter that Cohen’s vision, combined with a war chest from equity raises, positions GameStop for reinvention—potentially beyond traditional retail.

Options trading has shown periodic bursts of bullish sentiment, particularly around acquisition rumors, though overall activity has been moderate in recent weeks. The stock’s beta indicates it moves independently of broader market trends at times, underscoring its meme-driven characteristics.

As GameStop approaches its next earnings and potential updates on strategic plans, investors continue watching for signs of progress on Cohen’s ambitions. Whether through organic growth, collectibles expansion or a transformative deal, the company’s path remains one of the market’s more unpredictable stories. With retail interest enduring and short dynamics in play, GME retains its ability to generate headlines and price swings.

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For now, the stock trades in a relatively stable band, a far cry from its explosive past but still elevated relative to traditional valuation metrics. Market capitalization stands near $11 billion, reflecting a premium driven by narrative over near-term earnings power.

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Tangela Q. Parker Reflects on Career Lessons from Healthcare Leadership

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Tangela Q. Parker Reflects on Career Lessons from Healthcare Leadership

Tangela Q. Parker is an Atlanta-based marketing and corporate affairs executive with more than two decades of experience working at the intersection of healthcare, public policy, and institutional reputation.

Her career has focused on helping large organisations communicate clearly during complex and highly scrutinised moments.

Parker grew up in Brandon, Mississippi, in a family that valued discipline, service, and education. Her father balanced federal work with running a small business, while her mother was both an educator and a daycare owner. Those early influences shaped Parker’s sense of responsibility and her interest in leadership.

She graduated with honours from Brandon High School and earned a full scholarship to Alcorn State University, where she studied political science. Later in her career, she continued her leadership development through executive education at Harvard Business School.

Over the past twenty years, Parker has held senior leadership roles with several major healthcare organisations, including CVS Health, Centene Corporation, WellCare, UnitedHealthcare, and Humana. Her work has focused on enterprise communications, crisis management, marketing strategy, and stakeholder engagement in highly regulated environments.

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Most recently, Parker served as Senior Vice President of External Affairs at Planned Parenthood Southeast, where she oversaw marketing, communications, development, advocacy, and community engagement across multiple states.

Known for her calm and disciplined leadership style, Parker specialises in helping institutions navigate moments where credibility and public trust are at stake.

She often describes leadership in simple terms.

“Credibility is the currency,” Parker has said. “Once it’s compromised, everything else becomes harder.”

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Today, Parker remains active in civic and professional organisations in Atlanta while continuing to contribute to conversations about healthcare, leadership, and institutional trust.

Tangela Q. Parker on Leadership, Trust, and Healthcare Communications

Q: Let’s start at the beginning. What was your early life like growing up in Mississippi?

I grew up in Brandon, Mississippi, in a family that valued discipline and service. My father worked for the federal government and also ran an HVAC business. My mother was an educator who later owned childcare facilities. Watching them manage responsibility from two different directions shaped how I think about work.

Our home emphasised education, accountability, and showing up for people. Church and community life were also part of that environment. Those experiences gave me an early understanding that leadership is really about responsibility.

Q: How did those early experiences influence your career path?

They made me pay attention to institutions. I saw how systems work and how people depend on them. That curiosity eventually led me to study political science at Alcorn State University.

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I graduated with a full scholarship, which was an important opportunity for me. College helped me understand how public policy, healthcare, and communications interact. That combination later shaped my career.

Q: Your career has spanned several large healthcare organisations. How did you enter that field?

Healthcare communications sits at the centre of policy, regulation, and public trust. I found that intersection fascinating.

Over time, I worked with organisations such as CVS Health, Centene Corporation, WellCare Health Plans, UnitedHealthcare, and Humana. My roles focused on enterprise communications, marketing strategy, crisis response, community engagement, and stakeholder engagement.

Healthcare is one of the most regulated industries in the country. Communication decisions can have real consequences. That environment teaches you to move carefully and think several steps ahead.

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Q: You’ve spoken about the importance of judgment in leadership. Why does that matter so much?

You can teach tactics. You can hire people with technical skills. What you cannot easily teach is judgment.

Good judgment means understanding when to move and when to pause. It also means recognising the long-term consequences of a decision.

“In healthcare and corporate affairs, credibility is the currency,” I often say. Once credibility is damaged, rebuilding it takes a long time.

Q: Earlier in your career, was there a moment that changed how you approached leadership?

Yes. I once lost control of a major initiative because I relied on verbal agreement in a meeting.

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Everyone supported the plan at first. But when outside pressure appeared, that support disappeared. I found myself defending a decision that the group had originally shared.

That experience taught me something important. Alignment is not what people say in a meeting. Alignment is what people are willing to stand behind when things become uncomfortable.

After that, I began documenting governance more clearly. Decision rights, ownership, and accountability were written down before work began.

Q: You later served as Senior Vice President of External Affairs at a large non profit. What did that role involve?

The role involved overseeing marketing, communications, governmental affairs, advocacy, and community engagement across several states.

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It required balancing organisational priorities with public expectations. Healthcare organisations operate under intense scrutiny, so leadership has to remain disciplined and measured.

My responsibility was often to help executives navigate complex situations involving reputation and trust.

Q: Leadership positions often involve high pressure. How do you manage that environment?

Pressure is part of senior leadership. The key is separating urgency from importance.

When doubt appears, I don’t treat it as a weakness. I treat it as a signal to get sharper. I focus on facts, context, and consequences.

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Emotion can distort judgement quickly. Discipline helps prevent that.

Q: Outside of work, what keeps you grounded?

Community and service are important to me. I remain involved in organisations such as the Junior League of Atlanta and Alpha Kappa Alpha Sorority.Additionally, I am a member of several philanthropic boards that give back to the community.

Family has also shaped how I approach leadership. My grandmother, Willette Carter, was a major influence in my life. She showed up for every milestone in our family. That consistency left a strong impression on me.

She taught me that you can lead with clarity and still lead with empathy.

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Q: How do you personally measure success today?

I measure success by durability.

Did the decision strengthen the institution? Did it protect trust when pressure increased?

Outcomes matter, but they only matter if they hold up over time.

Leadership is not just about what works today. It’s about what still works five years from now.

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Calls grow for Reeves to ditch fuel tax hike over Iran

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Calls grow for Reeves to ditch fuel tax hike over Iran

Reform UK has set out further detail of how it would cover the cost of scrapping September’s planned rise.

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General Mills names supply-chain leader

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General Mills names supply-chain leader

Jonathan Ness had served as interim chief supply chain officer since January.

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Full Solutions and Expert Breakdown for Puzzle #1003

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Nancy Guthrie

The New York Times Connections puzzle for March 10, 2026, delivered another clever mix of wordplay and misdirection, leaving players across the globe hunting for the four hidden categories among 16 seemingly unrelated terms. Puzzle #1003, released at midnight Eastern time, has already been solved by more than 650,000 players as of early March 11, according to New York Times tracking data, with an average solve time of 4 minutes 32 seconds — slightly above the monthly average.

The New York Times Connections
The New York Times Connections

For those still puzzling over yesterday’s grid or looking for a complete recap, here are the official answers and a detailed analysis of why each group fits. The puzzle proved moderately challenging, with the purple category tripping up even veteran solvers.

The 16 words in the March 10 grid were:
MASS, GRAM, DUKE, TOAST, BROWN, UNC, WASH, SOCK, PENN, ROAST, POP, BOX, SLUG, SEAR, MISS, CUZ.

**Yellow (easiest): Cook with dry heat**
BROWN, ROAST, SEAR, TOAST

This straightforward category rewarded players who spotted culinary techniques that use high heat without liquid. “Brown” refers to the Maillard reaction that gives meats and breads color; “roast” describes oven-cooked dishes; “sear” is the quick high-heat method for steaks; and “toast” applies to bread or the celebratory verb. Multiple cooking sites and past Connections puzzles have featured similar food-prep groupings, making this the most accessible entry point for casual players.

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**Green: Familial nicknames**
CUZ, GRAM, POP, UNC

A warm, relatable set that played on affectionate shortenings for family members. “Cuz” for cousin, “Gram” for grandmother, “Pop” for grandfather or dad, and “Unc” for uncle. Solvers familiar with Southern or urban family slang caught this quickly, though some initially grouped “Pop” with soda references before the familial theme emerged. The New York Times editors have increasingly leaned into everyday language in recent weeks, and this group reflected that trend.

**Blue: U.S. state abbreviations**
MASS, MISS, PENN, WASH

Geography-minded players recognized these as standard two-letter postal codes: Massachusetts (MASS), Mississippi (MISS), Pennsylvania (PENN) and Washington (WASH). The category was hidden in plain sight but required ignoring more obvious state nicknames. It marked the second time in March that Connections featured postal abbreviations, following a similar blue group on March 3.

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**Purple (hardest): Punch**
BOX, DUKE, SLUG, SOCK

The trickiest category demanded lateral thinking. All four words are synonyms for “punch” in the boxing or fighting sense: to “box” someone, “duke” it out, “slug” a person, or “sock” them in the jaw. The double meaning of “duke” (both the noble title and the verb) and “sock” (both footwear and the action) created the classic Connections misdirection. Only 38% of players found this group on their first attempt, according to Times analytics, making it the toughest purple category of the young month.

Players who nailed the solve in under three minutes praised the balance between accessible and brain-bending connections. On social platforms, the hashtag #Connections1003 trended briefly overnight, with users sharing screenshots of perfect streaks and commiserating over the purple punch line. One viral post from a Boston-based solver noted the satisfaction of linking the state abbreviations after first mistaking MASS for a church service.

The Connections game, created by associate puzzle editor Wyna Liu and launched in June 2023, continues to grow in popularity. Daily play now exceeds one million users on weekdays, up 12% from the same period last year, according to New York Times spokesperson Danielle Rhoades Ha. The March 10 edition continued a streak of food-and-family themes that have dominated early 2026 puzzles, a deliberate shift Liu has described in interviews as an effort to keep the game approachable while still challenging.

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For those keeping score at home, yesterday’s puzzle maintained the standard difficulty curve: yellow first, then green, blue and the elusive purple. Perfect scores — solving all four categories without mistakes — were achieved by roughly 41% of participants, slightly below February’s monthly average of 44%. Streaks remain a major draw; one player in Seattle reported a 187-day streak intact after cracking #1003 on the third try.

Connections experts recommend a consistent strategy that helped many yesterday: scan for obvious pairs first (such as the cooking verbs), then look for proper nouns or abbreviations that stand alone. Ignoring surface-level themes like “things you wear” (which could have wrongly pulled SOCK and BOX) proved crucial. The purple category’s boxing theme also served as a reminder that Connections frequently uses verbs with multiple definitions.

Looking ahead, the March 11, 2026, puzzle is already generating early buzz for what insiders describe as an unusually high number of proper names. New York Times editors have not commented on difficulty, but community forums suggest it may rival yesterday’s purple challenge.

The enduring appeal of Connections lies in its simplicity and social sharing. Unlike crosswords that can intimidate beginners, the game requires only vocabulary and pattern recognition. Families play together across generations, and corporate teams have turned daily solves into virtual water-cooler moments. Yesterday’s solution, with its mix of kitchen terms, family shorthand, state codes and fighting words, perfectly captured that broad appeal.

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For players who missed the March 10 grid or want to revisit it, the New York Times archive remains available to subscribers. The official answers above are confirmed directly from the Times puzzle database. Whether you solved it in two minutes or needed all four mistakes, Puzzle #1003 delivered the satisfying “aha” moment that keeps millions returning each day.

As the Connections phenomenon enters its fourth year, yesterday’s edition reinforced why the game has become a morning ritual for so many. Simple on the surface, fiendishly clever underneath — just like the best word games always are.

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ExxonMobil seeks to move corporate registration from New Jersey to Texas

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ExxonMobil seeks to move corporate registration from New Jersey to Texas

Oil giant ExxonMobil announced it intends to drop its New Jersey corporate registration and redomicile in Texas, citing the Lone Star State’s business-friendly legal environment and after years of shareholder and climate-related legal battles.

The company on Tuesday said its board of directors unanimously recommended shareholders approve changing the company’s legal domicile from New Jersey to Texas, saying aligning ExxonMobil’s legal home with where its leadership and core operations have been based since 1989 will benefit shareholders.

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“Over the past several years, Texas has made a noticeable effort to embrace the business community. In doing so, it has created a policy and regulatory environment that can allow the company to maximize shareholder value,” Darren Woods, ExxonMobil chairman and chief executive officer, said in a statement.

TRUMP MAY KEEP EXXONMOBIL OUT OF VENEZUELA AFTER CEO COMMENTS: ‘I DIDN’T LIKE THEIR RESPONSE’

ExxonMobil gas station signs

ExxonMobil plans to redomicile from New Jersey to Texas, citing the state’s business-friendly legal environment and modernized corporate statutes. An ExxonMobil gas station on Saturday, Oct. 25, 2025, in Los Angeles. (Eric Thayer / Los Angeles Times via Getty Images / Getty Images)

“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,” Woods said.

If approved by shareholders, Exxon would become the latest high-profile company — including SpaceX, Tesla and Coinbase — to register in Texas as the state markets itself as a corporate-friendly alternative to traditional incorporation hubs.

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In recommending the move, Exxon said its board considered Texas’ legal and regulatory environment, including its modernized business statutes and the Texas Business Court, which is designed to resolve complex disputes efficiently. When corporate decisions are challenged, Texas courts are required to apply clear, statute-based standards, the company said.

The move comes after years of high-profile clashes with activist investors and climate-focused shareholder campaigns.

New Jersey officials sued Exxon, Chevron and other fossil-fuel companies in 2022, alleging they contributed to climate change and forced the state to spend billions cleaning up after major natural disasters such as Superstorm Sandy and Hurricane Ida. The suit was dismissed last year.

Exxon has also faced years of high-profile clashes with activist investors and climate-focused shareholder campaigns.

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EXXON TO SLASH THOUSANDS OF JOBS IN MAJOR CORPORATE OVERHAUL AND COMPREHENSIVE RESTRUCTURING PLAN

Darren Woods, Chairman CEO of Exxon Mobil

Darren Woods, ExxonMobil chairman and chief executive officer, said aligning the company’s legal home with its operating base in Texas was important because the state understands Exxon’s business and has a vested interest in its success. (REUTERS/Brendan McDermid/File Photo / Reuters Photos)

In 2021, activist hedge fund Engine No. 1 won three seats on Exxon’s board in a proxy fight centered on the company’s climate strategy. Exxon later sued activist investors in 2024 over climate-related shareholder proposals, arguing they were attempting to abuse SEC rules governing proxy resolutions. The company has repeatedly pushed back against shareholder proposals seeking stricter climate disclosures, emissions targets and changes to its long-term fossil fuel strategy.

Exxon said the proposed redomiciliation will not affect business operations, management, strategy, assets or employee locations.

Around 30% of ExxonMobil’s global employees are located in Texas, while approximately 75% of its U.S. workforce is based there.

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ExxonMobil’s legal domicile change will also not reduce shareholder rights, the company said, noting that the board determined that shareholder rights under Texas law are largely comparable to those under New Jersey law, and in some areas, stronger.

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ExxonMobil headquarters campus in Spring, Texas, with red sculpture in front of office building.

People walk past a red sculpture on the campus of ExxonMobil headquarters in Spring, Texas, on March 28, 2023. (Melissa Phillip/Houston Chronicle via Getty Images / Getty Images)

ExxonMobil said it has no plans to adopt elective provisions under Texas law that would diminish shareholder rights currently in place.

ExxonMobil’s connection to New Jersey is largely historical, dating back to the 1882 incorporation of Standard Oil of New Jersey. The company’s board has not held a meeting in New Jersey for more than 40 years.

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Reuters contributed to this report.

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Meta buys Moltbook as tech giants race for AI talent – Axios

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Meta buys Moltbook as tech giants race for AI talent – Axios

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