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Exxon Mobil rebuts NYC Comptroller's claims on Texas move

May 12, 2026 3:59 PM EDT

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... More