Report: ExxonMobil loses proxy fight with Engine No. 1

摘要

Activist investor Engine No. 1 has won at least two seats on the board of ExxonMobil, according to a report by the Wall Street Journal. The vote was held Wednesday during the company’s annual shareholder meeting. Engine No. 1 holds a stake of just 0.02% in the energy giant, but its case for change, including a greater focus on growth markets such as renewables and lower capital spending, resonated with some of ExxonMobil’s largest shareholders.