Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas
ExxonMobil shareholders have voted to reincorporate the company in Texas, moving away from New Jersey. The decision, supported by 71% of shareholders, reflects a desire to align the company's legal domicile with its operational base. This move is seen as a response to Texas' favorable business environment and a rejection of external political influences.
- ▪Seventy-one percent of ExxonMobil shareholders voted to reincorporate in Texas during the annual meeting.
- ▪The company's legal domicile has been in New Jersey since 1882, but most employees work in Texas.
- ▪The State Financial Officers Foundation praised the decision as a victory for shareholders over political agendas.
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US Major Oil Company’s Shareholders Ditch Blue State’s ‘Woke Cartel’ For Texas Faith Miller Contributor May 28, 2026 4:49 PM ET May 28, 2026 4:49 PM ET Faith Miller Contributor Font Size: const observer = new MutationObserver((mutations) => { const adDivToHide = document.querySelector("#dailycaller_incontent_1"); if (adDivToHide && dc_noads_page) { adDivToHide.classList.add("hide-premium", "hide-free"); observer.disconnect(); console.log("Ad div found and hidden"); } }); observer.observe(document.body, { childList: true, subtree: true }); ExxonMobil shareholders voted Wednesday to reincorporate in Texas and leave New Jersey rejecting two global advisory firms’ recommendations.
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