HOUSTON/BOSTON Exxon Mobil said on Monday it would appoint two new board members, days before a shareholder vote on proposals by activist investors to shake…
POLITICO
Exxon Mobil is being challenged on climate by an upstart investment group.
Exxon Mobil shareholders on Wednesday will vote on whether to install Engine No. 1’s four dissident candidates on the 12-member company board. | Richard Drew/AP Photo
Link Copied
Exxon Mobil Corp., once a global superpower that could bend governments to its will, is locked in a battle against an upstart investor that wants to shake up the oil giant’s management.
The investor, Engine No. 1, has a stake valued at about $50 million, making it a niche player at the $253 billion company. But it has rallied a critical mass of institutional support to do what decades of environmental and shareholder activism never could: put Exxon Mobil on defense.
Exxon to add two new directors in battle over company s future oilandgas360.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from oilandgas360.com Daily Mail and Mail on Sunday newspapers.
BlackRock s climate views put it center stage in Exxon boardroom fight reuters.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from reuters.com Daily Mail and Mail on Sunday newspapers.