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ExxonMobil relocates legal HQ from New Jersey to Texas for business-friendly laws and efficient courts.
ExxonMobil is moving its legal headquarters from New Jersey to Texas, citing Texas’ business-friendly regulatory environment and its newly established Texas Business Court, which offers efficient dispute resolution.
The shift aligns its legal domicile with its operational base in Spring, Texas, where its leadership and core activities have been since 1989.
The company emphasized that its SEC reporting obligations and shareholder rights in New Jersey remain unchanged.
The move follows a broader trend of corporate relocations to Texas, supported by legislative reforms and a reduced regulatory burden, with over 250 companies relocating since 2019.
Texas Governor Greg Abbott praised the decision, highlighting the state’s pro-business climate.
ExxonMobil traslada su sede legal de Nueva Jersey a Texas por leyes favorables a los negocios y tribunales eficientes.