XOM - What's Going On With Exxon Mobil Stock Tuesday? | Benzinga
Exxon Mobil Corp (NYSE:XOM) is trading lower Tuesday amid reports of the American multinational oil and gas corporation facing accusations from climate activist investors.
The investors alleged that ExxonMobil employed “bullying” tactics and undermined shareholders’ rights by continuing a lawsuit against them despite the activists having withdrawn a resolution.
This resolution demanded that Exxon do more to reduce greenhouse gas emissions.
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The Dutch shareholder group Follow This, along with investment adviser Arjuna Capital, announced their motion to dismiss Exxon’s legal action, highlighting the unprecedented move by the Houston-based company to use the courts to block the petition from reaching a vote, ...