Exxon Mobil (XOM) Proxy Filing summary

Executive summary

• Board unanimously recommends redomiciling legal domicile from New Jersey to Texas to align with operational headquarters and leadership, which have been based in Texas since 1989.

• Move is intended to provide legal stability, regulatory predictability, and support long-term shareholder value.

• No changes to business operations, management, strategy, assets, or employee locations are expected as a result of the redomiciliation.

• Shareholders will vote on the proposal at the 2026 Annual Meeting.

• Forward-looking statements highlight potential risks and benefits, including legal, regulatory, and operational impacts.

Voting matters and shareholder proposals

• Shareholders are asked to approve the redomiciliation proposal at the 2026 Annual Meeting.

• Proxy materials and voting instructions are available to shareholders.

Board of directors and corporate governance

• Board determined that Texas offers a modern, business-oriented legal framework with clear, predictable standards.

• Board compared shareholder rights under New Jersey and Texas law, finding them largely comparable or stronger in Texas.

• No elective provisions under Texas law that could weaken shareholder rights will be adopted.