ExxonMobil shareholders voted to move the company's legal home. The state of incorporation will shift from New Jersey to Texas. This decision concludes a corporate tie to New Jersey spanning over 140 years. It is a legal change, not a physical relocation of its headquarters or operations. The company cited Texas' business statutes and legal environment as reasons.
https://www.ecoticias.com/en/exxonmobil-is-leaving-new-jersey-as-its-legal-home-after-more-than-140-years-and-what-matters-isnt-the-new-address-but-what-it-signals-about-taxes-headquarters-power-and-corporate-strategy/33268/