Forget Activism: Chronic Underperformance Is Big Oil’s Biggest Problem ...Middle East

Just last week, some of the world's largest integrated energy companies faced the wrath of furious investors and climate activism. Exxon Mobil (NYSE:XOM) lost three board seats to Engine No. 1, an activist hedge fund, in a stunning proxy campaign, while a good 61% of Chevron (NYSE:CVX) shareholders voted to further cut emissions at the company's annual investor meeting a week ago. Engine No. 1 has told the Financial Times that Exxon will need to cut fossil fuel production for the company to position itself for long-term success, "What we're saying…

Hence then, the article about forget activism chronic underperformance is big oil s biggest problem was published today ( Monday 07/06/2021 - 03:45 AM ) and is available on OILPRICE ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.

Read More Details
Finally We wish PressBee provided you with enough information of ( Forget Activism: Chronic Underperformance Is Big Oil’s Biggest Problem )

Also on site :

• QCY présente les MeloBuds N20 : oreillettes sans fil hybrides avec annulation du bruit de qualité supérieure pour une utilisation quotidienne inégalée.
• Kenya: High Court Orders Immediate Release of Duty-Free Rice Imports in Landmark Food Security Ruling
• Oil Prices Rebound as Trump’s Iran Armada Rhetoric Revives Supply Fears