Chevron Braces For Activist Investor Fight ...Middle East

OILPRICE - Economy
Chevron Braces For Activist Investor Fight
source : OILPRICE ( Middle East ) () 19
Chevron has recently met with representatives of activist investor hedge fund Engine No. 1 to talk about plans for emissions reductions, as the U.S. supermajor is getting ready for a possible proxy battle similar to the one Exxon led —and lost—earlier this year, The Wall Street Journal reported on Friday.  Engine No. 1, which launched in December 2020, scored a huge victory for activist shareholders at Exxon’s annual general meeting in May 2021, winning three board seats despite the tiny stake that it holds in the…

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