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.
Recommended Reading
Talos Energy Expands Leadership Team After $1.29B QuarterNorth Deal
2024-04-25 - Talos Energy President and CEO Tim Duncan said the company has expanded its leadership team as the company integrates its QuarterNorth Energy acquisition.
Energy Transfer Ups Quarterly Cash Distribution
2024-04-25 - Energy Transfer will increase its dividend by about 3%.
ProPetro Ups Share Repurchases by $100MM
2024-04-25 - ProPetro Holding Corp. is increasing its share repurchase program to a total of $200 million of common shares.
Baker Hughes Hikes Quarterly Dividend
2024-04-25 - Baker Hughes Co. increased its quarterly dividend by 11% year-over-year.
Weatherford M&A Efforts Focused on Integration, Not Scale
2024-04-25 - Services company Weatherford International executives are focused on making deals that, regardless of size or scale, can be integrated into the business, President and CEO Girish Saligram said.