Chevron prepares against an ExxonMobil-style activist investor challenge: WSJ
Chevron Corp. is preparing to defend itself against a potential challenge from activist investors similar to the one that roiled Exxon Mobil Corp. earlier this year, WSJ reported
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Published - Sep 03, 2021, 10:18 PM ET
Last Updated - Jun 05, 2024, 01:49 AM EDT
By Ishika Dangayach, 4:30 PM ET
Chevron Corp. is preparing to defend itself against a potential challenge from activist investors similar to the one that roiled Exxon Mobil Corp. earlier this year, WSJ reported
Chevron officials recently met with representatives of Engine No. 1, the investment company that led the successful battle to obtain three seats on Exxon's board.
The company discussed some of its efforts to decrease carbon emissions during the conversations, which were described as cordial, and Engine No. 1 made no indication that it would launch a campaign against Chevron, the report said.
