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Bitter shareholder battle for Exxon’s future nears climax

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Reuters

By Jennifer Hiller and Svea Herbst-Bayliss (Reuters) – Exxon Mobil Corp’s bid to stave off a tiny activist fund challenging its board and response to growing climate concerns is too close to call just hours before the oil giant’s annual meeting, people familiar with the matter said. Exxon’s 12 directors are up for election on Wednesday in the first major boardroom contest where climate change is a central issue. The United States’ largest oil company has been criticised for its approach to the energy transition, drawing comparisons with global rivals that have pledged more investment in newer …

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