These yogis are stretching the patience of America’s biggest oil company.Natasha Lamb and Farnum Brown founded and run Arjuna Capital. The decade-old sustainable-investment firm, whose mission is to push major corporations into adopting more socially conscious policies, has found itself at the center of a lawsuit by Exxon Mobil Corp. XOM, +0.02% that seeks to block a shareholder proposal on climate change.With a mantra of “divest from old problems; invest in new solutions,” Arjuna says its goal for clients ...

Exxon Mobil Corporation (XOM) has filed a complaint in a Texas court to block a climate proposal by activist investors from going to a vote at the company’s shareholder meeting in May.This marks the first time that ExxonMobil has sought to exclude a shareholder proposal by resorting to legal action, signaling a potential shift in how corporations respond to investor-driven environmental initiatives.The complaint targets investors led by Arjuna Capital — a U.S. activist investment firm, and Follow This — a s ...

Exxon Mobil (XOM) has recently been on Zacks.com's list of the most searched stocks. Therefore, you might want to consider some of the key factors that could influence the stock's performance in the near future.Shares of this oil and natural gas company have returned -4.9% over the past month versus the Zacks S&P 500 composite's +1.6% change. The Zacks Oil and Gas - Integrated - International industry, to which Exxon belongs, has lost 6% over this period. Now the key question is: Where could the stock be he ...

ExxonMobil CEO Darren Woods speaks at the Asia-Pacific Economic Cooperation (APEC) Leaders' Week in San Francisco, California, on November 15, 2023.Exxon Mobil filed a lawsuit against U.S. and Dutch activist investors in a bid to stop them from submitting climate proposals during the oil giant's annual shareholder meeting.It marks a first for the U.S. oil major and is the latest step in an intensifying battle between companies and environmental campaigners.The complaint was filed Sunday in the U.S. District ...

Exxon Mobil Corp (NYSE:XOM, ETR:XONA) has filed a court case against two of its investors in an attempt to block a climate proposal from reaching the company’s annual general meeting. Follow This and Arjuna Capital were sued by the oil giant in a Texas court on Sunday, after calling on Exxon to set targets for reducing carbon emissions. Exxon argued the investors were “driven by an extreme agenda” however, with the case marking the first time the oil firm has gone to court to block a shareholder motion. "Th ...

Exxon Mobil Corp on Sunday filed a complaint in a Texas court seeking to prevent a climate proposal by activist investors from going to a vote during the company’s shareholder meeting in May.This is the first time Exxon is seeking to exclude a shareholder proposal by filing a complaint in court.It says the investors are “driven by an extreme agenda” and that adopting stricter emission goals would be detrimental to its business and share value.Investors led by Arjuna Capital and shareholder activist group F ...

imaginimaNationalized industries are notorious for their inability to operate at a profit. -J. Paul Getty The transition from a carbon-based economy to one based on renewables is underway, but it is also incredibly contentious. It should not surprise folks that the world's formerly most powerful industry resisted external efforts to endanger its viability. No firm symbolized that resistance more than Exxon. While it angered activists, its contrarian upstream strategy makes it an excellent candidate to d ...

Exxon Mobil Corporation (XOM) , the U.S.-based energy giant, signed an agreement to purchase an additional 1.2 million metric tons per year (MMtpa) of Liquefied Natural Gas (LNG) from Mexico Pacific on a free-on-board basis.This 20-year supply deal with ExxonMobil paves the way for Mexico Pacific to reach a final investment decision to expand its Saguaro Energia LNG Plant, situated on the west coast of Mexico.Mexico Pacific stated that, with this deal, it has finalized the necessary sales needed to make a f ...

Shares of ExxonMobil (XOM 1.30%) slumped 9.4% in 2023, according to data provided by S&P Global Market Intelligence. Because of that, the oil giant significantly underperformed the S&P 500, which rallied 24.2% in 2023. The main factor weighing on the oil stock was slumping crude oil prices. ExxonMobil tried to capitalize on that situation by going on a shopping spree. Going shoppingOil and gas prices cooled off last year. Crude oil was down about 10% on the year, marking its first decline since the pandemic ...

ExxonMobil Corporation (XOM) has opened up about its recent interactions with Algerian oil company Sonatrach to begin exploration and production (E&P) opportunities in the country. According to Sonatrach, Algeria currently produces one million barrels of oil per day and 106 billion cubic meters of natural gas per year.The details of the deal have been discussed between the delegation of ExxonMobil and Algerian energy minister Mohammad Arkab. The deal is expected to be finalized in the coming days.The U.S. e ...