Forget Activism: Chronic Underperformance Is Big Oil’s Biggest Problem
Money managers reduced their bullish…
Activist investor hedge fund Engine…
The U.S. rig count fell…
By Alex Kimani – Jun 06, 2021, 7:00 PM CDTJust last week, some of the world’s largest integrated energy companies faced the wrath of furious investors and climate activism. Exxon Mobil (NYSE:XOM) lost three board seats to Engine No. 1, an activist hedge fund, in a stunning proxy campaign, while a good 61% of Chevron (NYSE:CVX) shareholders voted to further cut emissions at the company’s annual investor…
