Reported 4 months ago
Chevron shareholders re-elected all 12 board directors, signaling support for the company amid regulatory scrutiny of its proposed $53 billion buyout of Hess Corp. CEO Michael Wirth expressed confidence in the deal's approval by the U.S. Federal Trade Commission and dismissed challenges from Exxon Mobil and CNOOC. Shareholders rejected proposals related to carbon-reduction risks, consumer plastic use, and human rights policies, with Chevron's board advising against them. Wirth highlighted recent acquisitions and potential divestments in California, noting that the company's operations remain unaffected by conflicts in the Middle East.
Source: YAHOO