Jackson Walker partner Byron F. Egan was featured in The Texas Lawbook discussing ExxonMobil’s announcement that its board will seek shareholder approval to redomicile the company from New Jersey to Texas.

Byron noted that the move reflects a broader shift in corporate sentiment away from Delaware and toward Texas, driven by a growing belief that Delaware’s legal environment has fundamentally changed. He framed ExxonMobil’s decision as a strategic one, stating, “It’s a strategic decision on Exxon’s part — just like Tesla and others — as the companies are looking at Texas as a great place to do business, and Delaware is not. They’re paying more in taxes and more fees in Delaware and they realize Texas is a better place for any potential food fight that may occur.”

ExxonMobil’s move follows a pattern set by other high-profile companies choosing Texas over Delaware, signaling a potential change in the corporate law landscape.

To read the full article, view “Gibson Dunn Advises Exxon As Energy Giant Looks To Reincorporate in Texas.”

Meet Byron

Byron F. Egan regularly handles business combinations of corporations, limited liability companies, and partnerships, including mergers and acquisitions, purchases and sales of stock, and other equity interests, and sales and exchanges of assets. He also handles the related entity governance and structure issues. In 2025, Byron published the fifth edition of EGAN ON ENTITIES: Corporations, Partnerships and Limited Liability Companies in Texas, a treatise on Texas, Delaware and other entity laws. Byron is the only attorney to have received the Burton Award for Legal Achievement four times and is consistently recognized among the top corporate and M&A lawyers in Texas by several publications.

Byron has consistently been recognized by Who’s Who Legal for over 15 years, including as a “Recommended” attorney in M&A and Corporate Governance and as a “Thought Leader” for M&A. He has also been named among The Best Lawyers in America since 1993 in the areas of Corporate Compliance Law, Corporate Governance Law, Corporate Law, and Mergers and Acquisitions Law.