In 2026, Exxon Mobil reorganized its corporate structure by creating a new publicly traded parent company in Texas, ExxonMobil Holdings Corporation. It became the parent of Exxon Mobil Corporation, which remained incorporated in New Jersey and became a wholly owned subsidiary. The company said the change was in keeping with its longstanding presence in Texas and would provide greater certainty under the state’s corporate laws. ExxonMobil also said the holding company structure would provide greater organizational flexibility, including allowing some assets and contracts to remain with the New Jersey corporation. The reorganization didn’t change the company’s headquarters, operations, management, employees, assets, or liabilities.
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