- The election of Engine No. 1 backed directors was probably not in the company's best interest.
- Fortunately, management retains enough directors to stay the course for a very profitable future.
- The shareholder revolt was likely caused by the lack of management discussion about 2020 results and what management is doing to fix things.
- Both annual and quarterly result announcements need a thorough revision as a result.
- The stock price likely has a very different future than it has had in the past decade or so.
For further details see:
Exxon Mobil Will Likely Stay The Course