Chevron shareholders challenge C-suite by backing climate proposal By Sergio Chapa and Caroline Hyde on 5/27/2021 Â Chevron CEO Mike Wirth (Bloomberg) --Chevron shareholders voted for a proposal to reduce emissions from the companyâs customers, the latest sign that oil titans are coming under increasing pressure to address environmental concerns. Â According to a preliminary tally, 61% of investors backed the proposal at the companyâs annual investor meeting on Wednesday, rebuffing the companyâs board, which had urged shareholders to reject it. An item asking Chevron to report on how a significant reduction in fossil-fuel demand would affect its business and a request for a report on political lobbying were narrowly voted down.