Exxon Facing Off With Shareholders in Climate Showdown

CEO Darren Woods to helm his first annual meeting this week Calpers, New York pension line up to back green resolution This week will be a public trial by fire for new Exxon Mobil Corp. CEO Darren Woods. Presiding over his first annual meeting since predecessor Rex Tillerson left to become U.S. secretary of state, Woods will be tested Wednesday on everything from climate change to his own paycheck. Analysts and investors will be watching to see if he proves as adept as his mentor in striking a welcoming tone with restive activists while gently disagreeing with just about everything they say. So far, Woods has been a stabilizing presence. “He represents a continuation of what Mr. Tillerson was doing and so far we’ve seen no strategic shift,” said Brian Youngberg, an analyst at Edward Jones & Co. In St. Louis with a “hold” rating on Exxon’s stock. That’s […]

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