Governor Abbott Statement On ExxonMobil Redomiciling In Texas

March 10, 2026 | Austin, Texas |Governor Greg Abbott today issued the following statement following ExxonMobil’s announcement that they are redomiciling in Texas: 

ExxonMobil moved its headquarters to Texas in 1989. Today, the state serves as the center of the company’s executive leadership, corporate functions, major research facilities, and U.S. workforce.

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

The company’s academic recruiting, operational footprint, and U.S. focused philanthropic efforts are also overwhelmingly centered in Texas.

“Over the past several years, Texas has made a noticeable effort to embrace the business community,” said ExxonMobil CEO and Chairman Darren Woods. “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.”

ExxonMobil’s decision to shift its legal domicile reflects the strength of Texas and its predictable corporate laws and modern, business‑focused legal system. ExxonMobil, a Fortune 500 and Global 500 company, has deep Texas roots dating back to 1911 and is headquartered in Spring, Texas.