Engine No. 1: The little hedge fund that shook Big Oil ...Middle East

Engine No. 1, a hedge fund just six months old, manages around $250 million in assets. It owns a meager 0.02% of ExxonMobil, the oil and gas giant that’s worth $250 billion.Yet the hedge fund, instigating an activist campaign to turn ExxonMobil away from fossil fuels, managed to get two of its nominees elected to the ExxonMobil’s board on Wednesday—much against the company’s wishes. A third may follow, once final votes are counted.Looking back, it can almost seem as if Engine No. 1 was set up expressly to effect these changes in ExxonMobil’s board. Ever since it was founded in December, Engine No. 1 has been calling on ExxonMobil’s shareholders to “Reenergize Exxon”—the name of its campaign,

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