HOUSTON (dpa-AFX) - Texas-based oil and gas major Exxon Mobil Corporation (XOM) conceded two board of director seats to Engine No. 1, an activist firm that held 0.02% shares at the company.This
The vote over a third candidate proposed by Engine No. 1 was too close to call as of 3 p.m. on Wall Street. We re looking forward to welcoming the new directors, Exxon CEO Darren Woods said Wednesday on CNBC s Closing Bell. I look forward to helping them understand our plans and then hear their insights and perspectives.
Engine No. 1, which has a 0.02% stake in Exxon, has been targeting the company since December, pushing the it to reconsider its role in a zero-carbon world.
Wednesday s vote came during Exxon s annual shareholder meeting, where Woods fielded questions from shareholders ranging from the company s dividend to its investments in carbon capture technology.
ExxonMobil and Chevron braced for showdown over climate theguardian.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from theguardian.com Daily Mail and Mail on Sunday newspapers.
An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on CEO Darren Woods.
(Bloomberg) An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head.
Activist investor Engine No. 1 LLC wants to replace one-third of Exxon’s board in an effort to force the Western world’s largest oil explorer to embrace a transition away from fossil fuels and end a decade of what it calls “value destruction.” Shareholders are set to gather virtually for their annual meeting on May 26.