ExxonMobil plans to redomicile from New Jersey to Texas, citing the state's business-friendly legal environment and modernized corporate statutes.

The oil giant is considering relocating its legal home to Texas, where its headquarters already operate, pending a shareholder vote in May.

Exxon Mobil Corp. is seeking to shift its legal home to Texas after being incorporated in New Jersey for more than a century.

Exxon Mobil wants to abandon its corporate registration in New Jersey and redomicile in Texas, where its headquarters is located, the oil giant announced Tuesday. If approved by shareholders, Exxon ...

The oil giant says relocating its legal home could strengthen its position in policy and shareholder matters. ELIZABETH, NJ - It's not just families and retirees fleeing the government of New Jersey.

ExxonMobil plans to shift its corporate incorporation from New Jersey to Texas.

Exxon Mobil is seeking to move its legal home from New Jersey to Texas, saying the change would help the company avoid “frivolous” shareholder lawsuits.

Never miss a story with The Brief, our free newsletter. Keep tabs on Texas politics and policy with our morning newsletter. The Texas Tribune Independent news. Trusted by Texans. About The Texas ...

ExxonMobil's board has unanimously recommended relocating the company's legal domicile from New Jersey to Texas, aligning its legal base with its operational headquarters.

Gov. Greg Abbott celebrated the announcement on Tuesday, crediting Texas’ legal environment. Exxon has based its operations in the Houston area since 1989.