ExxonMobil Secures Board Re-Election Amid Climate Activist Opposition

Shareholders overwhelmingly support ExxonMobil's board despite lawsuits and protests from climate-focused investors.

ExxonMobil re-elected all 12 board members with an average of 95% shareholder support.
Activist groups Arjuna Capital and Follow This withdrew their emissions reduction proposal but face ongoing lawsuits from Exxon.
Major public pension funds, including CalPERS, opposed the board re-election due to concerns over shareholder rights.
The lawsuit aims to prevent future climate-related proposals that Exxon claims would harm shareholder value.
Despite opposition, ExxonMobil's board received only 1% less support than in the previous year.