Governor Greg Abbott issued a statement on Mar. 10 following ExxonMobil’s announcement that the company will move its legal domicile to Texas. Abbott said, “Freed from the stranglehold of over-regulation, Texas is where global brand leaders thrive and jobs for hardworking Texans grow. I thank ExxonMobil 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.”
ExxonMobil CEO and Chairman Darren Woods also commented on the move, saying, “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. 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.”
The decision by ExxonMobil highlights Texas’s reputation for having predictable corporate laws and a modern legal system focused on business needs. The company is a Fortune 500 and Global 500 firm with roots in Texas dating back to 1911 and currently headquartered in Spring.
The Office of Texas Governor Greg Abbott contributed to leading the nation in job growth and record employment levels according to the official website. The office maintains its primary location at the State Insurance Building in Austin according to the official website.
Abbott was listed among TIME’s 100 Most Influential People in 2024 according to the official website. Since his election in 2014, he has led efforts focusing on job creation, economic opportunities, education enhancement, protection of individual liberties, parental empowerment in schooling decisions, and southern border security according to the official website.
The Office of Texas Governor Greg Abbott delivers services statewide across Texas according to the official website.
