Another Blow for NJ as ExxonMobil Cites Regulations in Exit

March 13, 2026 | nj1015.com

ExxonMobil on Tuesday said it is redomiciling its legal headquarters to Texas. It’s top reason: Texas’ new business court and regulatory framework. 

The board said it “considered Texas’ legal and regulatory environment, including its modernized business statutes and the Texas Business Court, which is designed to resolve complex disputes efficiently. When corporate decisions are challenged, Texas courts are required to apply clear, statute-based standards, which support sound decision-making.”

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NJ SEED: Standard Oil has been domiciled in New Jersey since 1899. The company chose the Garden State because of the state’s favorable corporate laws. Over the years that has changed.