Oil Titan To Leave NJ After Nearly 150 Years

ExxonMobil’s board has voted to move the company’s legal domicile from New Jersey to Texas, ending a 144-year tie to the Garden State even though its actual headquarters has been in Texas since 1989. The company says the shift is about aligning its legal and operating homes in a state it describes as more business-friendly, and that day-to-day operations, employees, and shareholder rights won’t be affected.