Exxon Mobil Gives Cold Shoulder to Climate Change Proposals, Claims It's Not a Break-Up
Portfolio Pulse from Lekha Gupta
Exxon Mobil rejected all 12 climate change proposals from investor groups at its AGM, opposing pressure to adopt stricter emissions reduction goals. Chevron investors also rejected similar proposals. Exxon is the only one of the five US oil majors without 2030 carbon emissions reduction targets.
June 01, 2023 | 12:28 pm
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NEUTRAL IMPACT
Chevron investors rejected climate change proposals similar to those dismissed by Exxon Mobil.
Like Exxon Mobil, Chevron's rejection of climate change proposals may not have an immediate impact on its stock price. However, the company could face long-term consequences as investors increasingly prioritize ESG factors and regulatory trends push for stricter emissions reduction goals.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 75
NEUTRAL IMPACT
Shell has faced protests from shareholders regarding climate change proposals.
Shell is mentioned in the context of shareholder protests over climate change proposals. While the company is not the main focus of the article, it indicates that Shell is also facing pressure from investors to address climate change. The impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
TotalEnergies has faced protests from shareholders regarding climate change proposals.
TotalEnergies is mentioned in the context of shareholder protests over climate change proposals. While the company is not the main focus of the article, it indicates that TotalEnergies is also facing pressure from investors to address climate change. The impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 50
NEUTRAL IMPACT
Exxon Mobil rejected climate change proposals, resisting pressure to adopt stricter emissions reduction goals.
Exxon Mobil's rejection of the climate change proposals may not have an immediate impact on its stock price, but it could face long-term consequences as investors increasingly prioritize ESG factors. The company's resistance to adopting stricter emissions reduction goals may also put it at odds with regulatory trends.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100