
Exxon Mobil Shareholders Back Board, Approve Texas Redomiciling

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Exxon Mobil shareholders overwhelmingly backed the board, electing all nominated directors and approving executive compensation. The company successfully redomiciled from New Jersey to Texas with 71.2% support. Proposals for an independent board chair and changes to the retail voting program were rejected. Analysts maintain a 'Hold' rating with a $175 price target, citing solid fundamentals but mixed technicals.
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