Judge rules Exxon can sue activist shareholder over climate proposal [MSNBC.com]
Exxon Mobil Corporation (XOM)
Last exxon mobil corporation earnings: 5/1 07:34 am
Check Earnings Report
US:NYSE Investor Relations:
ir.exxonmobil.com
Company Research
Source: MSNBC.com
A federal judge in Texas on Wednesday said Exxon Mobil can sue to bar a climate change proposal from an activist investor, in a case that has raised concerns about its future effect on shareholder resolutions.U.S. District Judge Mark Pittman for the Northern District of Texasruled that Exxon's lawsuit can proceedsued the two investorsArjuna and Follow This subsequently withdrew the proposal, but Exxon proceeded with its claims against the two firms, arguing that they could file similar proposals at future shareholder meetings.Exxon's claims are based on Securities and Exchange Commission rules that allow companies to exclude shareholder resolutions if they deal with a matter relating to the company's ordinary business operations, orPittman said Arjuna and Follow This were following a "Trojan Horse" model in which they aggregate enough shares in oil companies to vote and submit proposals aimed at fighting climate change.The judge, appointed to the federal bench by former President Dona
Show less
Read more
Impact Snapshot
Event Time:
XOM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison
Updated
|
Event Day
Stock performance from the time of news release until the following 4pm ET market close
|
Last price at news event
|
Since Event
Multi-day stock performance from the time of the news release
|
|---|---|---|
|
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
|
LAST
PRICE AT NEWS EVENT |
SINCE EVENT
Multi-day stock performance from the time of the news release
|
| Last Price | ||
| VWAP | ||
|
High:
|
Max Up |
High:
|
|
Low:
|
Max Down |
Low:
|
|
%
|
Post news range |
%
|
|
|
Price change |
|
|
|
Price Change Percentage |
|
|
|
S&P 500 (SPX) |
|
|
%
|
Volume ratio |
%
|
| Volume | ||
| Ticks | ||
|
|
Avg transaction size |
|
Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
XOM alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
XOM alerts
High impacting Exxon Mobil Corporation news events
Weekly update
A roundup of the hottest topics
XOM
News
- ExxonMobil's (XOM) Nigerian Asset Sale Nears Completion [Yahoo! Finance]Yahoo! Finance
- Second Annual WEF Circular Water Economy Summit to Drive Sustainable Solutions [Yahoo! Finance]Yahoo! Finance
- Exploring the Dynamics of the Aviation Fuel Market and Top Key Players [Yahoo! Finance]Yahoo! Finance
- Nigerian state oil company drops legal case against Exxon's asset sale to Seplat [Yahoo! Finance]Yahoo! Finance
- Nigeria's State Oil Firm Ends Case Halting Exxon Sale To Seplat [BNN Bloomberg (Canada)]BNN Bloomberg
XOM
Earnings
- 4/26/24 - Miss
XOM
Sec Filings
- 5/31/24 - Form 8-K
- 5/29/24 - Form 4
- 5/28/24 - Form PX14A6G
- XOM's page on the SEC website