Hess Shareholders Approve $53B Chevron Merger, Potentially Reshaping Oil Industry
This week, the corporate world is focused on oil, with Exxon at the center of multiple high-stakes battles. Exxon is suing shareholders over a carbon-emissions reduction proposal, challenging Chevron over an offshore oilfield stake, and celebrating the approval of its $60 billion Pioneer takeover. Despite opposition from some pension funds, Exxon appears to have regained political support, signaling a shift away from the momentum of ESG initiatives.