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Chevron (NYSE:CVX) shareholders voted Wednesday to easily re-elect all 12 sitting board members and all four investor proposals.
According to Reuters, 98% of shareholders voted against reporting about the risks from voluntary carbon reduction commitments; a proposal to hire an outside group to evaluate Chevron’s (CVX) human rights policies was opposed by 78%, the only resolution that gained more than 20% support.
Also at the shareholders meeting, CEO Michael Wirth said Chevron (CVX) is moving ahead on the U.S. Federal Trade Commission’s review of its proposed buyout of Hess (HES) and is confident the company’s position would prevail in the arbitration with Exxon Mobil (XOM), which claims it has pre-emption rights to any sale of Hess’ lucrative Guyana assets.
