A divisive case over climate change and shareholder rights winds down after shareholder agrees to drop effort
Oil major’s slate of directors gains wide approval despite activist-led revolt over greenhouse gas emissions
Also in this newsletter: BHP’s £39bn pursuit of Anglo American collapses, German workers in largest real-terms pay rise since 2008, orange juice producers feel the squeeze
Plus, Musk reveals AI fundraising after all
Scott Sheffield slams ‘personal attack’ by US regulators who barred him from Exxon’s board
Taking Arjuna Capital to court has prompted an even bigger shareholder revolt
In today’s newsletter, we give both sides a chance to have a say in the debate
Pension fund accuses oil major of ‘anti-speech effort’ in suing climate-focused shareholders
US company faces tight shareholder vote on whether its takeover offer for consortium partner Hess will be approved
Sovereign wealth fund to oppose re-election of energy company’s lead director
Oil major is persisting with legal action against activists even after their emissions cutting resolution was dropped
Dispute with ExxonMobil over oil-rich Guyana block cited as source of uncertainty by advisory firm ISS
Calpers concerned oil supermajor is seeking to muzzle activist shareholders
CEOs weighing mergers may think twice after US regulator bars industry veteran from Exxon’s board
ExxonMobil agrees to bar Scott Sheffield from board after federal regulator’s allegations
Ankara wants ‘new supply portfolio’ to make it less reliant on a single source, minister says
Quarterly results signal pullback from bumper earnings in past two years
Petrochemical companies oppose global agreement that would cut production to curb pollution
The $40mn pay packet for Darren Woods comes amid debate in London about transatlantic valuation gap
The tiny central African country was once a hotbed of promise
Darren Woods explains ‘business is business’ as US supermajor pursues case that threatens $53bn Hess deal
Top US supermajor says it wants to protect rights to 30% Hess stake in valuable offshore field
Plus, Shein considers London for its IPO and Blackstone strikes a deal with Barclays
Both sides are in the midst of negotiations over stake in the Stabroek deepwater field that could end up in arbitration
US’s biggest supermajor and China’s Cnooc highlight right of first refusal in Guyana project stake central to acquisition
UK Edition
