WebMay 27, 2024 · It was a particularly stunning defeat for Exxon, which gave up at least two board seats to nominees of a tiny shareholder named Engine No 1. The activist hedge fund launched its proxy fight in ... WebMay 27, 2024 · REUTERS. Last December, when a week-old hedge fund named Engine No. 1 challenged Exxon Mobil to change its ways, laughter echoed through Wall Street circles, from the fund’s name that recalled a ...
Exxon faces proxy fight launched by new activist firm Engine No. 1 ...
WebDec 7, 2024 · Engine No. 1 faces a tough road. Exxon has beaten back past activist efforts to change its climate stance and to split the roles of chairman and chief executive. WebMay 25, 2024 · Reuters reported on Tuesday that BlackRock, which has a 6.7 percent stake in Exxon, had backed Engine No. 1’s campaign by voting for three of the hedge fund’s candidates. A BlackRock ... maya add menu item to shelf
Exxon Board to Get a Third Activist Pushing Cleaner Energy
WebSep 3, 2024 · Chevron reportedly met with Engine No. 1, but the activist investor group that defeated Exxon Mobil's management in a shareholder battle earlier this year is taking a different approach. CVX stock ... WebJun 3, 2024 · Engine No. 1 has sharply criticized ExxonMobil’s climate strategy. Upset with Exxon’s financial performance and its foot-dragging on climate , the hedge fund sought to oust four directors at ... WebMay 27, 2024 · The New York Times notes that Engine No. 1 owns less than 1% of Exxon’s stock but began its push for new board members in December, the latest initiative by activists to force oil companies to address climate change linked to the burning of fossil fuels. The publication added that the European energy companies have spent the last … herrington harbour north beach