Want a Diversified Portfolio of Energy Names? Look Outside the U.S. Exchanges But you'll be dealing with exchange rates, local elections, and all manner of other externalities. May 28, 2021 | 01:00 PM EDT As Exxon Mobil (XOM) shares slide again today, albeit only fractionally, one has to wonder what "activist" hedge fund Engine No. 1 thinks it has accomplished. The value of its "massive" 0.02% stake in XOM has declined since it won election of two of its slate of candidates to Exxon's 12-member Board. One Engine No. 1 candidate lost and the third seat is still apparently too close to ...