Exxon Mobil Corp. is moving its corporate headquarters from Irving, Texas, to Houston as part of a business reorganization that the company said will be completed by 2023.
The reorganization will create three business lines—an oil-and-gas production unit, a chemicals-and-refining unit and a low-carbon unit—and will be effective April 1, Exxon said Monday. Exxon spokesman Casey Norton said there wouldn’t be any layoffs as part of the reorganization.