Exxon Mobil plans to make Texas its new legal home

AUSTIN (KETK)– Exxon Mobil announced on Tuesday that it is seeking shareholders’ approval to make Texas its new legal home.

If approved, Exxon will join SpaceX and a number of other companies that have relocated their headquarters to Texas over the past few years. Exxon’s headquarters have been located in Texas since 1989.

Gov. Greg Abbott released a statement on Tuesday approving Exxon’s decision to move their ‘legal home’ to Texas, claiming it will help the state’s economic growth.

“Freed from the stranglehold of over-regulation, Texas is where global brand leaders thrive and jobs for hardworking Texans grow,” Abbott said. “I thank Exxon Mobil 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.”