Chevron Corp. shareholders on May 27 voted to approve a proposal demanding that the company issue a report on its climate change related lobbying activities, a major win for activists against big oil.
Other shareholder proposals were defeated, including one calling on the U.S. oil producer to split its chairman and chief executive roles that received only around 27% votes in favor.
Rival Exxon Mobil Corp.'s shareholders on May 27 also rejected calls to split the chair and CEO roles along with all other climate-related proposals.
Daniel Rice, former CEO of Rice Energy who now sits on the EQT board, addressed the elephant in the room earlier this month at Hart Energy’s Energy Capital Conference.
Today’s featured Forty Under 40 honoree is Nick Vandivere, CEO of ThoughtTrace which is a Houston-based software company using AI and machine learning to streamline operations for the energy industry.
Chaparral Energy said Dec. 23 its board of directors has appointed Charles “Chuck” Duginski as president and CEO, effective Dec. 20.