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

Exxon Mobil

XOM

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By Sheila Dang

HOUSTON, May 27 (Reuters) - Exxon Mobil XOM.N 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.

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