Business
Exclusive | Exxon Mobil Plans to Redomicile in Texas, Moving Legal Home From New Jersey
Exxon Mobil XOM 2.23%increase; green up pointing triangle plans to move its legal home to Texas from New Jersey, joining other companies that have flocked to the Lone Star state in search of a more business-friendly environment.
Exxon, which has been incorporated in New Jersey since 1882, plans to ask its shareholders to vote on a proposal to redomicile in Texas. If successful, Exxon will follow Tesla, Coinbase Global COIN 0.35%increase; green up pointing triangle and others that have reincorporated in Texas.
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