XOM Dec 2024 70.000 call
- Barrons.com
Exxon Is a Powerhouse. Why Shareholders Are Rebelling.
With its stock hovering around all-time highs, Exxon Mobil is flexing its muscles like never before. At its annual meeting on Wednesday, the company will find out if shareholders think it has gone too far. A federal lawsuit filed by Exxon against two small environmentally-minded funds over a proxy ballot proposal has sparked a revolt by some other shareholders, who say the company is looking to quash shareholder rights.
- Bloomberg
Hess Investors Vote in Favor of $53 Billion Chevron Takeover
(Bloomberg) -- Hess Corp. shareholders approved Chevron Corp.’s $53 billion takeover despite reservations among several prominent investors about a dispute with Exxon Mobil Corp. over a key asset.Most Read from BloombergWall Street Returns to T+1 Stock Trading After a CenturyTreasuries Hit as US Sales Struggle to Lure Buyers: Markets WrapFor Private Credit’s Top Talent, $1 Million a Year Is Not EnoughIsraeli Airstrike and Egyptian Guard’s Death Ratchet Up TensionsMortgages Stuck Around 7% Force
- Reuters
Hess shareholders approve merger with Chevron
Hess Corp on Tuesday approved the company's $53 billion merger with the No. 2 U.S. oil company Chevron, according to preliminary results of the vote. The merger required a majority vote to approve the deal by a majority of Hess' 308 million shares outstanding to pass. Chevron offered to acquire Hess last October in a move to gain a foothold in oil-rich Guyana's lucrative offshore fields.
