Exxon wins shareholder backing for Texas move, defeats retail voting proposal

By Sheila Dang

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. oil producer after two ​leading proxy advisory firms ⁠advised ⁠investors to strike ​down the proposal.

Shareholders ​also rejected a ‌proposal to add more automatic voting options ⁠to Exxon’s retail investor voting program. ⁠Exxon’s ‌board was ⁠opposed to ​the ‌proposal.

(Reporting by Sheila ​Dang ⁠in Houston and Arunima Kumar in Bengaluru; Editing by Joyjeet ​Das)