Chevron has recently met with representatives of activist investor hedge fund Engine No. 1 to talk about plans for emissions reductions, as the U.S. supermajor is getting ready for a possible proxy battle similar to the one Exxon led —and lost—earlier this year, The Wall Street Journal reported on Friday.
Engine No. 1, which launched in December 2020, scored a huge victory for activist shareholders at Exxon’s annual general meeting in May 2021, winning three board seats despite the tiny stake that it holds in the…Chevron Braces For Activist Investor Fight
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