XOM Jun 2024 270.000 put(CONTRA
- Zacks
ExxonMobil (XOM), Pertamina Progress on CCS Hub in Indonesia
A joint study by Pertamina and ExxonMobil (XOM) estimates the basin to store up to three gigatons of carbon dioxide, potentially requiring an investment of $2 billion.
- Bloomberg
Calpers to Oppose All Exxon Directors Amid Shareholder Dispute
(Bloomberg) -- Calpers, the largest state public pension fund in the US, will vote against all Exxon Mobil Corp. directors, saying the oil giant is undermining shareholder rights.Most Read from BloombergIran State TV Says ‘No Sign of Life’ at Helicopter Crash SiteSpeedier Wall Street Trades Are Putting Global Finance On EdgeOne of the Last Big Bears on Wall Street Turns Bullish on US StocksSaudi Crown Prince Postpones Japan Trip Over King’s HealthHims Debuts $199 Weight-Loss Shots at 85% Discoun
- Reuters
CalPERS to vote against Exxon board members
Exxon, which is frequently the focus of critical shareholder resolutions, had filed a lawsuit earlier this year seeking to block a vote on a climate proposal submitted by two small activist investors, sidestepping the usual regulatory process to fend off similar measures. And while the investors withdrew their resolution, Exxon continued the lawsuit, seeking legal costs and other relief. The case also attracted censure from proxy adviser Glass Lewis, which had recommended shareholders vote against re-electing Exxon's lead independent director, citing what it called the firm's "unusual and aggressive tactics".
