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.