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Exxonmobil announces headquarters relocation from Irving to Houston area
1 Feb 2022
HOUSTON, Texas (KTRK) -- International oil and gas company ExxonMobil is headed to the greater Houston area.
The energy giant announced on Monday that it is relocating its headquarters from Irving, Texas to its campus north of Houston in the Spring area.
The move is scheduled to be completed by mid-year 2023, ExxonMobil said in a statement.
According to a press release from the company, the relocation will enable closer teamwork to accelerate and increase value delivery.
"We greatly value our long history in Irving and appreciate the strong ties we have developed in the North Texas community," said Darren Woods, chairman and chief executive officer. "Closer collaboration and the new streamlined business model will enable the company to grow shareholder value and position ExxonMobil for success through the energy transition."
The relocation is part of a bigger business structure streamlining announcement.