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Exxon Moves to Texas Amid Legal Win | Durham News
ExxonMobil just moved its legal headquarters from New Jersey to Texas — renaming itself ExxonMobil Holdings Corp — to align with where it actually operates, cashing in on Texas’s no-income-tax perks and business-friendly courts. Coinciding with this shift, the Supreme Court revived a $1 billion-plus lawsuit over Cuban assets seized in the 1960s. Yet despite these big wins, Exxon’s stock dipped nearly 9% in the last month, closing at $136 — hurt by falling oil prices, even as it’s still up 13% year-to-date. The company’s future hinges more on global oil trends than legal moves, though its…
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