- Reuters
Hess-Chevron merger vote appears ripe for narrow approval
Hess Corp CEO John Hess has until Tuesday to quell a rebellion by shareholders over his handling of what could turn out to be one of the largest mergers in oil industry history: a proposed $53 billion sale of the oil producer to Chevron Corp. Hess, 70, has spent the past month visiting or calling dozens of investors to gather support. The sale seemed all but certain last fall and Hess still appears poised to win, based on Reuters' interviews with large investors.
- Benzinga
Exxon Wins Round One in Lawsuit Against Climate Activist Investor: Report
A U.S. judge reportedly allowed a lawsuit from Exxon Mobil Corporation (NYSE:XOM) against an activist shareholder group that is seeking to bar their climate resolution. The lawsuit raised alarm among activists and proxy advisers who argued it would muzzle debate among shareholders and public companies, Reuters reported. Notably, in January, Exxon sued climate activist groups Arjuna Capital and shareholder activist group Follow This, stating that it would not drop the matter after they agreed to
- Zacks
3 Permian Explorers Poised to Gain as Oil Prices Stay High
Improving Permian production amid healthy oil prices raises the incentive to keep an eye on companies like ExxonMobil (XOM), Chevron (CVX) and Diamondback Energy (FANG).
