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Shareholders vote to replace at least two directors with people who are seen as better suited to handle the challenges of climate change.

ADVERTISEMENT At Exxon: Climate advocates gained influence at oil giant ExxonMobil after two candidates nominated by an activist firm won seats on the company’s board on Wednesday.  Preliminary votes showed two of Engine No. 1's candidates winning seats after being elected by company shareholders, Exxon said in a statement. Those two, Gregory Goff and Kaisa Hietala, could be joined by a third, as vote results for Engine No. 1 nominee Alexander Karsner were among those that were too close to call. The firm has called for the company to make more significant investments in clean energy, usin...

A tiny hedge fund won a seismic victory over Exxon Mobil Corp on Wednesday as shareholders elected at least two of the fund's nominated directors to the oil giant's board after a months-long battle over the company's business strategy and growth plans.

NEW YORK (AP) — Exxon Mobil’s shareholders have voted to replace at least two of the...

Exclusive: BlackRock backs dissident's nominees in rebuke to Exxon - sources By Svea Herbst-Bayliss Reuters (Reuters) - BlackRock Inc, Exxon Mobil Corp's second largest shareholder, has voted for three of four director candidates nominated by hedge fund Engine No. 1, contrary to the oil company's advice, people familiar with the matter said on Tuesday. BlackRock, the world's largest asset manager, has a 6.7% stake in Exxon, according to the company's proxy. Its vote signals investors have grown much more serious about fighting climate change, adding pressure to Exxon and other oil compani...