Name of Registrant: Exxon Mobil Corporation
Name of persons relying on exemption: California Public Employees Retirement System (CalPERS)
Address of persons relying on exemption: 400 Q Street, Sacramento, CA 95811
May 20, 2024
Dear ExxonMobil Shareowner:
Protect Shareowner Rights - Vote AGAINST the Board of Directors
CalPERS is the largest state public pension fund in the U.S. with approximately $490 billion in total assets under management and a significant long-term owner of ExxonMobil.
We are voting AGAINST all board members at the Company’s May 29, 2024, annual meeting.
In January 2024, ExxonMobil filed a lawsuit against two shareowners who filed a shareowner resolution. The two shareowners have since withdrawn their proposal. However, ExxonMobil continues to
pursue legal action.
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We have requested that ExxonMobil drop the lawsuit.
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The SEC Exchange Act Rule 14a-8 is a well-established process that has successfully provided shareowners with a voice for decades.
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The lawsuit could undermine shareholder rights through circumventing the 14a-8 process.
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This lawsuit may have a chilling effect on future shareowner proposals in the United States.
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We urge shareowners to join us in protecting our shareowner rights by voting AGAINST the ExxonMobil Board of Directors.
For questions, please contact the CalPERS Media Team at newsroom@calpers.ca.gov.
Thank you for your support.
Sincerely,
DREW HAMBLY
Investment Director, Global Public Equity
CalPERS Investment Office