The New York City Police Pension Fund urges Exxon Mobil shareholders to oppose relocating the company's legal domicile. The move shifts the domicile from New Jersey to Texas.
The fund claims the relocation could weaken shareholder rights. This vote is scheduled for the 2026 Annual Meeting.
The pension fund also seeks modifications to Exxon’s retail voting program. These changes aim to increase individual investor influence in proxy decisions.
The dispute highlights corporate governance and investor influence at Exxon Mobil.