ExxonMobil announced the results of its Annual Meeting of Shareholders held on May 27, 2026, where stockholders voted to approve the company's proposal to change its state of incorporation from New Jersey to Texas. Shareholders also elected all twelve director nominees and approved executive compensation.
Key Details
- Redomiciliation Approval: The proposal to reincorporate in Texas was approved with 71.2% of votes cast in favor.
- Director Elections: All twelve nominees for the Board of Directors were elected, including CEO Darren W. Woods.
- Other Proposals: Shareholders approved the advisory vote on executive compensation (92.9% for) and ratified the company's independent auditors (96.4% for). Shareholder proposals for an independent chair and modifications to a voting program were defeated.