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Oil and Politics Don t Mix Let s look at XOM s management, why it just lost a couple board seats and what I see ahead. Stocks quotes in this article: XOM, BLK, CVX
Sometimes I compose these R
eal Money columns in my head the night before I submit them. Last night I decided not to do so, as I was bombarded with idiocy regarding the board of directors vote at ExxonMobil (XOM) and I was afraid I might use inappropriate language.
Now, a day later, calmly, let me note that hedge fund Engine No. 1 styled by the media as activists and a holder of a whopping 0.02% of Exxon s shares outstanding won election of two of its director candidates for Exxon s board. One other Engine No. 1 nominee lost, and the outcome of the fourth seat was too close to call.
Lindsey Oil Refinery buy-out complete as Prax Group takes ownership
A new general manager has been confirmed for the 500-acre site
Lindsey Oil Refinery has now been acquired by Prax Group (Image: Total Lindsey Oil Refinery)
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Lindsey Oil Refinery buy-out completes as Prax takes the helm
New general manager appointed as Total s long-running ownership of 52-year-old refinery comes to an end
09:56, 1 MAR 2021
Updated
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A new era on the Humber bank is under way with new owner and new manager for Lindsey Oil Refinery.