Chevron Investors Reject Stockholder Proposals, Exxon Faces None - Energy News, Top Headlines, Commentaries, Features & Events

At the general shareholders meeting held by US company Exxon Mobil on the 28th, for the first time since the 1958 meeting, there were no shareholder proposals. Proposals calling for decarbonization, which have plagued majors in recent years, also disappeared from other companies. Shareholders are calling for increased profits centered on fossil fuels, and the trend toward decarbonization among oil majors is backsliding. Although shareholder pres…

Chevron Investors Reject Stockholder Proposals, Exxon Faces None - Energy News, Top Headlines, Commentaries, Features & Events

By Sheila Dang HOUSTON, May 28 (Reuters) – Chevron (CVX.N) shareholders voted against three stockholder proposals during the U.S. oil producer’s annual meeting on Wednesday, including one calling for a report on the company’s human rights practices, while larger rival Exxon Mobil (XOM.N) faced no investor resolutions for the first time in decades. There have ...