Governor Abbott Statement On ExxonMobil Redomiciling In Texas

~ In a recent announcement, ExxonMobil revealed their plans to redomicile in Texas, citing the state's business-friendly environment and potential for growth as key factors in their decision. This move was welcomed by Governor Greg Abbott, who expressed his gratitude towards the company for choosing Texas as their new legal home.

According to Governor Abbott, Texas offers a favorable climate for global brand leaders like ExxonMobil to thrive and create job opportunities for hardworking Texans. He also highlighted the state's efforts to reduce over-regulation, which has allowed businesses to flourish and contribute to the state's economic growth.

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ExxonMobil CEO and Chairman Darren Woods echoed similar sentiments, stating that Texas has created a policy and regulatory environment that enables companies to maximize shareholder value. He also emphasized the importance of aligning their legal home with their operating home in a state that understands their business and has a vested interest in their success.

This decision by ExxonMobil reflects the strength of Texas as a corporate hub with its predictable laws and modern legal system focused on promoting business growth. The company, which has been deeply rooted in Texas since 1911 and is currently headquartered in Spring, will now have its legal domicile in the Lone Star State. With this move, Texas is set to further dominate the corporate landscape and reach new heights of economic prosperity.

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