Warren Buffett-backed Occidental Petroleum and Buffett's Berkshire Hathaway Energy announced a joint venture on Tuesday to extract lithium from geothermal electricity production. OXY shares angled lower Wednesday.
Vanguard said its funds supported the election of Exxon's director nominees at its annual meeting last week, but the mutual fund giant cited lingering concerns about the energy company's lawsuit against climate activists. All 12 of the company's directors were re-elected at the company's annual meeting on May 29 including Exxon Chairman Darren Woods and Lead Director Joseph Hooley. The two were opposed by environmental activists after Exxon refused to end its lawsuit against proponents who had put forward a climate-measure at the meeting, even after they dropped it.
In the closing of the recent trading day, Exxon Mobil (XOM) stood at $112.67, denoting a -1.56% change from the preceding trading day.