Investing.com -- Exxon Mobil on Tuesday rejected assertions from New York City Comptroller Mark Levine regarding the company's proposal to redomicile to Texas, calling his recent shareholder letter politically motivated and misleading.

The energy company said there is no connection between its proposal to move its corporate domicile to Texas and its Voluntary Retail Voting Program, contradicting claims made by Levine in a letter urging shareholders to vote against the redomiciliation.

Exxon Mobil said the Texas redomiciliation aligns its corporate governance with its operating base and preserves shareholder rights, while the retail voting program aims to increase shareholder participation by simplifying the voting process.

The company said it included a proposal submitted by the New York City Comptroller's office on its proxy ballot despite significant flaws, as no SEC precedent existed for the proposal.

Exxon Mobil disputed statements in Levine's letter, including a quote suggesting the SEC granted the company no-action relief on the same day it was requested. The company said it spent several years working with the SEC across two administrations on the retail voting program.

The filing referenced analysis by Shane Goodwin, Executive Director of the SMU Corporate Governance Initiative, who concluded that Exxon Mobil's proxy materials showed the company disclosed which shareholder rights it was preserving and which Texas provisions it was declining.

Exxon Mobil said Levine and his predecessors have used their position to pressure companies holding New York City pension funds to alter operations or governance for political purposes.

The company encouraged shareholders to read its proxy statement and vote based on the long-term interests of Exxon Mobil and its shareholders.