Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have s...
DALLAS - Exxon Mobil Corp shareholders on Wednesday rejected a proposal that would have split the roles of the chief executive officer and board chairman at the largest publicly traded oil producer.
The proposal would not have taken effect under CEO Darren Woods, but would have been phased in later. Shareholders in recent years have pressed Exxon to define a path toward meeting goals of the 2015 Paris climate agreement to limit global warming, but the company has not committed to any targets. Exxon had called the resolution misleading, substantially implemented and an attempt to interfere with management responsibilities.
Woods said the company would continue to engage with shareholders as part of a “a year-long process.”
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