on the move

Petrochemical juggernaut ExxonMobil gasses up for big HQ move to Houston

Behold ExxonMobil's new Houston HQ.

One of the biggest petrochemical giants on the planet is moving its operations to the Houston area. ExxonMobil announced that it is moving its corporate headquarters from Dallas-Fort Worth/Irving to its campus in Greater Houston.

The company expects the transfer, which will combine its chemical and refining divisions, to be completed by 2023. ExxonMobil’s HQ will no longer be the tree-lined “God Pod” complex in Irving, but rather the shimmering, glass-lined compound in Spring, which former CEO Rex Tillerson opened in 2014. Some 250 people currently work at the Irving location, including the CEO and management committee, an ExxonMobil rep tells CultureMap.

Bloomberg reports the move is mostly aimed at cutting costs; the company estimates $6 billion in savings by moving to Greater Houston and combining divisions. ExxonMobil will also reorganize along three business lines: upstream, product solutions, and low-carbon division, per a statement.

In a statement provided to CultureMap, the company adds that the move “will enhance collaboration and provide more opportunities to share expertise across the entire corporation as part of our strategy to better leverage corporate advantages to grow shareholder value.”

With its big relocation, ExxonMobil becomes Houston’s 25th Fortune 500 headquarters, the third highest concentration in the country, after New York and Chicago, per the Greater Houston Partnership. It will be the largest Fortune 500 company to be headquartered in the Houston region, ranking No. 10 in the 2021 listing based on $181.5 billion revenues in 2020.

“We are thrilled with today’s news,” the Greater Houston Partnership noted in a statement. “ExxonMobil’s move further solidifies Houston’s position as the Energy Capital of the World. ExxonMobil is a key participant in our Houston Energy Transition Initiative, and we look forward to working with the company as we continue to position Houston to lead the energy transition to a low-carbon future.

“In addition, ExxonMobil’s announcement represents the third Fortune 500 headquarters announcement in greater Houston in 13 months, solidifying our position as the No. 3 Fortune 500 headquarters city in the nation.”

city-news-roundup

MFAH expands

Houston museum acquires historic Masonic lodge property for new greenspace

Holland Lodge No. 1, A.F. & A.M./Facebook

The building at 4911 will be torn down for the new greenspace.

The Museum of Fine Arts, Houston has acquired a prime parcel to expand its campus in the Museum District. On Tuesday, December 23, the museum announced it has purchased a two-acre parcel of land at 4911 Montrose Blvd that will bring its total footprint to 16 acres.

Located just north of the Glassel School of Art, the property will be developed as a greenspace that will serve as a community lawn as well as be utilized for future museum events and parking. MFAH has retained landscape architects Nelson Byrd Woltz — the firm responsible for work at Memorial Park and the recently-opened Ismaili Center — to create the design for the new greenspace.

Museum of Fine Arts, Houston greenspace rendering A rendering offers a bird's-eye preview of the new greenspace.Image by by Cong Nie/Courtesy of Museum of Fine Arts, Houston

At this time, the museum does not have plans to build anything on the property, according to a press release.

To make way for the greenspace, the property’s existing building, Holland Lodge No. 1, will be torn down. Built in 1954 as a home for the oldest Masonic lodge chapter in Texas, the building features a sandstone mural facade. It has been for sale since at least 2005, according to a report in the Houston Chronicle.

Demolition on the site is expected to begin in spring 2026 with the greenspace opening in approximately two years, according to press materials. In addition to the Glassell School, the museum’s campus includes the Audrey Jones Beck Building, the Caroline Wiess Law Building, the Lillie and Hugh Roy Cullen Sculpture Garden, and the Nancy and Rich Kinder Building.

“We are delighted to contribute to Houston’s greenspace access with this new initiative, which will expand the museum’s 14-acre campus to a thoroughly walkable 16 acres,” Gary Tinterow, director and Margaret Alkek Williams chair of the MFAH, said in a statement. “While the primary objective for the purchase of this property is to secure land for any potential future expansion of the museum, our priority now is to create a welcoming community lawn. Thoughtfully designed by Nelson Byrd Woltz, one of the leading firms in sustainable landscape practice, the site will serve as public greenspace and provide additional parking for museum visitors.”

museums museum of fine arts houston openings