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Exxon Mobil Faces Off Against Activist Investors on Climate Change The oil company will hold a contested election for four board seats at its annual shareholders meeting on Wednesday. “We don’t always agree, but we always understand there is an opportunity to improve,” said Darren W. Woods, the chairman and chief executive of Exxon Mobil.Credit...Brendan McDermid/Reuters May 25, 2021 HOUSTON — Exxon Mobil’s management will face a big challenge over its climate change policies at an annual shareholder meeting on Wednesday as activists contest the election of one-third of the company�...

Exclusive-BlackRock backs 3 dissidents to shake up Exxon board -sources By Svea Herbst-Bayliss Reuters (Reuters) -BlackRock, Exxon Mobil Corp's second largest shareholder, is backing several of upstart hedge fund Engine No. 1's candidates to join the company's board, in a blow to the energy giant, according to people familiar with the matter. With the annual shareholder meeting Wednesday, Exxon has been scrambling to win the backing of major institutional investors for its directors in its toughest boardroom battle in recent history. Exxon has faced mounting criticism for its reluctance to in...

An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on CEO Darren Woods. (Bloomberg) -- An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head. Activist investor Engine No. 1 LLC wants to replace one-third of Exxon’s board in an effort to force the Western world’s largest oil explorer to embrace a transition away from fossil fuels and end a decade of what it calls “value destruc...

ExxonMobil activist battle turns climate angst into referendum on CEO An unprecedented fight over who should sit on the board of ExxonMobil is turning into a referendum on chief executive Darren Woods as a decades-long struggle by climate campaigners comes to a head. By Bloomberg 24/05/2021, 3:17 am Darren Woods, chairman and chief executive officer of Exxon Mobil Corp., speaks during the World Gas Conference in Washington, D.C., U.S, on Tuesday, June 26, 2018. Photographer: Andrew Harrer/Bloomberg Register here for the Energy Voice daily newsletter, bringing you key news and insight fro...

Exxon’s activist investors spin climate dispute into a referendum on CEO Darren Woods By Kevin Crowley on 5/24/2021 Exxon Mobil CEO Darren Woods HOUSTON (Bloomberg) --An unprecedented fight over who should sit on the board of Exxon Mobil Corp. is turning into a referendum on Chief Executive Officer Darren Woods as a decades-long struggle by climate campaigners comes to a head. Activist investor Engine No. 1 LLC wants to replace one-third of Exxon’s board in an effort to force the Western world’s largest oil explorer to embrace a transition away f...