Exxon Mobil plans Texas redomiciliation, shares stay on NYSE

By Anna Wagner, Analysts & Consensus desk. Reviewed prior to publication on 2026-06-23, 06:31.

Exxon Mobil (US30231G1022) is set for a Texas redomiciliation effective July 1, 2026, after shareholder approval at the 2026 annual meeting. Morningstar’s wire on June 22 and ExxonMobil’s own release say the shares will keep trading on the New York Stock Exchange under XOM, while Bank of America has upgraded the stock to Buy.

Texas shift in detail

ExxonMobil said on June 22 that ExxonMobil Holdings Corporation will become the publicly traded parent company once the move takes effect. The company said shareholders do not need to take any action, and the new structure follows the approval vote at the annual meeting. Morningstar’s report on the Texas move

GuruFocus also tracked the redomiciliation notice and noted that the NYSE ticker stays XOM. That keeps the trading venue unchanged even as the legal domicile shifts from New Jersey to Texas. GuruFocus summary of the redomiciliation

Analysts still watch valuation

Bank of America’s upgrade adds a second live angle for the stock and gives investors a dated research note to watch alongside the corporate move. The note, attributed to CNBC in the aggregator view, frames Exxon Mobil as discounted versus peers. Bank of America upgrade summary

What ExxonMobil sells

ExxonMobil’s core business spans crude oil, natural gas, refined products and petrochemicals, with upstream production and downstream refining as the main earnings engines. The company also sells lubricants under the Mobil brand and chemicals used in industrial supply chains.

NYSE quote and price

The Exxon Mobil shares (US30231G1022) trade on 2026-06-22, 15:59 on the NYSE at 138.42 US dollars.

Disclaimer: This article is for information only and does not constitute investment advice.