Exxon Wins Shareholder Backing for Legal Move to Texas
Exxon Mobil shareholders have approved the company's plan to redomicile in Texas, with 71.3% of votes in support. The move is seen as a win for the top U.S. oil producer, despite recommendations from proxy advisory firms to oppose the proposal. The company believes that Texas officials have a better understanding of its business and operations, and the state's laws provide enhanced legal protections for businesses.
- ▪Exxon Mobil shareholders approved the company's plan to redomicile in Texas with 71.3% of votes in support.
- ▪The company is currently incorporated in New Jersey but has been headquartered in Texas since 1989.
- ▪Texas law provides enhanced legal protections for businesses, including reducing the threat of shareholder litigation.
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Home – Oil & Energy News – Exxon Wins Shareholder Backing for Legal Move to Texas news Exxon Wins Shareholder Backing for Legal Move to Texas Sheila Dang | Arunima Kumar • May 28, 2026 Print (function(){var t=document.querySelector(".wp-block-kadence-dynamichtml"),s=document.currentScript.previousElementSibling;if(t&&s){if("prepend"==="before_element")t.parentNode.insertBefore(s,t);else if("prepend"==="after_element")t.parentNode.insertBefore(s,t.nextSibling);else if("prepend"==="prepend"||"prepend"==="inside_first_child")t.insertBefore(s,t.firstChild);else t.appendChild(s);}})(); HOUSTON, May 27 (Reuters) — Exxon Mobil shareholders on Wednesday approved the company’s plan to redomicile in Texas, marking a win for the top U.S.
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