Oil companies

Big Oil, Gas and Coal are running out of places to hide

Retrieved on: 
Monday, May 31, 2021
Companies, Oil companies, Royal Dutch Shell, Climate variability and change, ExxonMobil, Greenhouse gas emissions, Greenhouse gas emissions by China, Climate change in Germany

In a world-first ruling, a Hague court ordered oil and gas giant Shell to reduce CO2 emissions by 45% by 2030, relative to 2019 levels.

Key Points: 
  • In a world-first ruling, a Hague court ordered oil and gas giant Shell to reduce CO2 emissions by 45% by 2030, relative to 2019 levels.
  • The court noted Shell had no emissions-reduction targets to 2030, and its policies to 2050 were "rather intangible, undefined and non-binding".
  • And last week, shareholders of ExxonMobil, one of the world's biggest corporate greenhouse gas emitters, forced a dramatic management shakeup.
  • These recent developments should act as a wake-up call for oil, gas and coal companies around the world.

Total Voting Rights

Retrieved on: 
Friday, May 28, 2021
Companies, Royal Dutch Shell, Shell Oil Company, Shell, Oil companies

In conformity with the Disclosure Guidance and Transparency Rules, we hereby notify the market of the following:

Key Points: 
  • In conformity with the Disclosure Guidance and Transparency Rules, we hereby notify the market of the following:
    Royal Dutch Shell plc's capital as at May 28, 2021, consists of 4,101,239,499 A shares and 3,706,183,836 B shares, each with equal voting rights.
  • Royal Dutch Shell plc holds no ordinary shares in Treasury.
  • The total number of A shares and B shares in issue as at May 28, 2021 is 7,807,423,335 and this figure may be used by shareholders as the denominator for the calculation by which they will determine if they are required to notify their interest in, or a change to their interest in, Royal Dutch Shell plc under the FCA's Disclosure Guidance and Transparency Rules.
  • LEI number of Royal Dutch Shell plc: 21380068P1DRHMJ8KU70

USW Calls for, Wins Greater Accountability on ExxonMobil Lobbying

Retrieved on: 
Thursday, May 27, 2021
American brands, Companies, Climate change denial, Oil companies, Organizations, XOM, ExxonMobil, United Steelworkers, Lobbying, USW, Mobil

PITTSBURGH, May 27, 2021 /PRNewswire/ --The United Steelworkers (USW) said that ExxonMobil (NYSE: XOM) shareholders yesterday approved a resolution introduced by the USW and seven co-filers calling for the company to disclose which organizations it supports for lobbying efforts, a necessary step in providing greater worker safety and corporate accountability.

Key Points: 
  • PITTSBURGH, May 27, 2021 /PRNewswire/ --The United Steelworkers (USW) said that ExxonMobil (NYSE: XOM) shareholders yesterday approved a resolution introduced by the USW and seven co-filers calling for the company to disclose which organizations it supports for lobbying efforts, a necessary step in providing greater worker safety and corporate accountability.
  • "Shareholders face a dark money blind spot when the company fails to disclose its trade association payments used for lobbying, especially when these lobbying efforts contradict with ExxonMobil's public position," said Ricky Brooks, a member of USW Local 13-2001 who introduced the resolution.
  • "Disclosure of the company's payments to trade associations and social welfare groups that influence public policies will allow shareholders to assess the company's management of risks."
  • "ExxonMobil may think it picked a fight with a few hundred USW members in Beaumont, but the company's mistaken," Garza said.

Valero Energy Corporation to Participate in Virtual Investor Conferences

Retrieved on: 
Wednesday, May 26, 2021
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Valero Energy, Oil companies, Valero, Petroleum industry

Valero Energy Corporation (NYSE: VLO, Valero) announced today that it will be participating in the Wells Fargo Virtual Energy Conference on June 2, 2021 and the RBC Capital Markets Global Energy, Power and Infrastructure Energy Conference on June 8, 2021.

Key Points: 
  • Valero Energy Corporation (NYSE: VLO, Valero) announced today that it will be participating in the Wells Fargo Virtual Energy Conference on June 2, 2021 and the RBC Capital Markets Global Energy, Power and Infrastructure Energy Conference on June 8, 2021.
  • Valero Energy Corporation, through its subsidiaries (collectively, Valero), is an international manufacturer and marketer of transportation fuels and petrochemical products.
  • Diamond Green Diesel is North Americas largest biomass-based diesel plant.
  • Valero sells its products in the wholesale rack or bulk markets in the U.S., Canada, the U.K., Ireland and Latin America.

Chevron Updates Stockholders at Annual Meeting

Retrieved on: 
Wednesday, May 26, 2021
Oil, Gas, Energy, CVX, Chevron Corporation, Chevron, Oil companies, Michael Wirth, Wirth, Companies, Economy of the United States

Chevron Corporation (NYSE: CVX) today provided an overview of the companys business priorities and outlook at its annual stockholders meeting, held virtually to provide convenient access for all stockholders and eliminate public health concerns around the COVID-19 pandemic, as well as the significant costs associated with holding an in-person meeting.

Key Points: 
  • Chevron Corporation (NYSE: CVX) today provided an overview of the companys business priorities and outlook at its annual stockholders meeting, held virtually to provide convenient access for all stockholders and eliminate public health concerns around the COVID-19 pandemic, as well as the significant costs associated with holding an in-person meeting.
  • Chevron has navigated through the challenges of the last year better than most in our industry, said Michael Wirth, Chevrons chairman and CEO.
  • Wirth told stockholders about three core elements of Chevrons business strategy: consistency, preparation and adaptability.
  • Specific information about the proposals before Chevron stockholders this year may be found in the Investors section of the companys website under Stockholder Services Annual Meeting Materials.

Locked-Out Workers Rally at ExxonMobil during Annual Meeting

Retrieved on: 
Wednesday, May 26, 2021
American brands, Rockefeller family, Companies, Economy of the United States, Oil companies, Climate change denial, ExxonMobil, Standard Oil, Exxon, USW, Mobil

"We won't let ExxonMobil starve workers into accepting concessions that will undermine safety, job security and seniority rights," said USW District 13 Director Ruben Garza.

Key Points: 
  • "We won't let ExxonMobil starve workers into accepting concessions that will undermine safety, job security and seniority rights," said USW District 13 Director Ruben Garza.
  • A proxy-holding USW delegate attended the virtual meeting to raise questions about ExxonMobil's unfair labor practices and lockout with the company's shareholders and top executives.
  • They were also joined at the rally by USW members from ExxonMobil's Baytown, Texas, facility and Dallas area union activists showing solidarity with the locked-out workers.
  • "We are firmly committed to fighting ExxonMobil's attempts to divide workers and break our union," he said.

Engine No. 1 Sends Voting Alert to ExxonMobil Shareholders

Retrieved on: 
Wednesday, May 26, 2021
Professional services, Communications, Other Professional Services, Consulting, Other Communications, Banking, Public relations, Investor relations, American brands, Rockefeller family, Companies, Economy of the United States, Oil companies, Climate change denial, Standard Oil, ExxonMobil, Exxon, Mobil

1 today advised shareholders of Exxon Mobil Corp. (ExxonMobil or the Company) that the Company may seek to persuade them to change their votes at todays 2021 Annual Meeting in a targeted manner so as to lessen overall vote totals for one or more Engine No.

Key Points: 
  • 1 today advised shareholders of Exxon Mobil Corp. (ExxonMobil or the Company) that the Company may seek to persuade them to change their votes at todays 2021 Annual Meeting in a targeted manner so as to lessen overall vote totals for one or more Engine No.
  • 1 urges shareholders not to fall prey to any such strategic efforts that may result in unintended consequences with respect to the overall result.
  • Investors with questions about the possible effect of any last-minute voting changes are encouraged to call Innisfree M&A Incorporated at 212-750-5833.
  • 1 is an investment firm purpose-built to create long-term value by driving positive impact through active ownership.

Locked-Out Workers to Rally at ExxonMobil for Annual Meeting

Retrieved on: 
Monday, May 24, 2021
American brands, Rockefeller family, Companies, Economy of the United States, Oil companies, Climate change denial, ExxonMobil, Standard Oil, USW, Exxon, Baytown, Texas, Mobil

On May 1, members of USW Local 13-243 reported for work and were turned away by ExxonMobil, despite the company recording 2.7 billion in earnings for the first three months of 2021.

Key Points: 
  • On May 1, members of USW Local 13-243 reported for work and were turned away by ExxonMobil, despite the company recording 2.7 billion in earnings for the first three months of 2021.
  • The union has filed unfair labor practice charges with Region 16 of the National Labor Relations Board over the company's serious unlawful actions.
  • The group will depart Beaumont by bus and arrive for the rally in Irving at 8:30 a.m.
  • They will be joined by USW members from ExxonMobil's Baytown, Texas, facility and Dallas area union activists, who will be attending in solidarity with the locked-out workers.

Global Clean Energy Holdings and ExxonMobil Expand Renewable Fuels Agreement

Retrieved on: 
Monday, May 24, 2021
Oil, Gas, Agriculture, Natural Resources, Alternative energy, Energy, American brands, Articles, Companies, Oil companies, Climate change denial, Emissions reduction, Climate change policy, Environmental impact of the energy industry, ExxonMobil, Mobil, Sustainable energy, Renewable energy, Global Clean Energy, ExxonMobil, GLOBAL CLEAN ENERGY, EXXONMOBIL

Global Clean Energy Holdings, Inc (OTCQB: GCEH) and ExxonMobil have expanded their five-year agreement to increase ExxonMobils purchase of renewable diesel.

Key Points: 
  • Global Clean Energy Holdings, Inc (OTCQB: GCEH) and ExxonMobil have expanded their five-year agreement to increase ExxonMobils purchase of renewable diesel.
  • Our work at the Bakersfield biorefinery is a perfect example of what can be accomplished when an industry leader like ExxonMobil supports a growing renewables company like Global Clean Energy with long-term contracts, said Richard Palmer President & CEO of Global Clean Energy Holdings.
  • Our expanded agreement with Global Clean Energy reinforces ExxonMobils longstanding efforts to support societys ambitions for lower-emission fuels, said Ian Carr, president of ExxonMobil Fuels and Lubricants Company.
  • The original agreement signed in August 2020 between Global Clean Energy Holdings and ExxonMobil, committed ExxonMobil to purchase 2.5 million barrels of renewable diesel per year from Global Clean Energys Bakersfield biorefinery.

Engine No. 1 Issues Message to ExxonMobil Shareholders

Retrieved on: 
Wednesday, May 19, 2021
Professional services, Finance, Climate change denial, ExxonMobil, Rockefeller family, Standard Oil, Companies, Oil companies, Economy of the United States

Glass Lewis also noted in its report that, \xe2\x80\x9cWe believe Engine No.

Key Points: 
  • Glass Lewis also noted in its report that, \xe2\x80\x9cWe believe Engine No.
  • This challenge will take years to address but ExxonMobil needs to start honestly facing it now.
  • We are grateful for the time shareholders have given us, and we look forward to completing our efforts to Reenergize ExxonMobil.\nEngine No.
  • 1\xe2\x80\x9d), Gregory J. Goff, Kaisa Hietala, Alexander Karsner, and Anders Runevad (collectively and together with Engine No.