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Exxon Mobil | DEF 14A: Definitive information statements

SEC announcement ·  Apr 11 08:49
Summary by Moomoo AI
Exxon Mobil Corporation (Exxon Mobil) has announced its 2024 Annual Meeting of Shareholders to be held virtually on May 29, 2024. The meeting will allow shareholders to attend, vote, and submit questions from any remote location with internet connectivity. The company invites shareholders to hear a report on Exxon Mobil's business and vote on several key items, including the election of directors, ratification of PricewaterhouseCoopers LLP as independent auditors, executive compensation, and four shareholder proposals. Only shareholders of record on April 3, 2024, or their valid proxy holders, are eligible to vote. Proxy materials were first mailed to shareholders around April 11, 2024. The meeting will also address Exxon Mobil's financial performance, with a focus on sustained industry-leading safety performance, outstanding financial and operational...Show More
Exxon Mobil Corporation (Exxon Mobil) has announced its 2024 Annual Meeting of Shareholders to be held virtually on May 29, 2024. The meeting will allow shareholders to attend, vote, and submit questions from any remote location with internet connectivity. The company invites shareholders to hear a report on Exxon Mobil's business and vote on several key items, including the election of directors, ratification of PricewaterhouseCoopers LLP as independent auditors, executive compensation, and four shareholder proposals. Only shareholders of record on April 3, 2024, or their valid proxy holders, are eligible to vote. Proxy materials were first mailed to shareholders around April 11, 2024. The meeting will also address Exxon Mobil's financial performance, with a focus on sustained industry-leading safety performance, outstanding financial and operational performance, and significant growth in earnings and cash flow. The company has grown earnings at a compound annual growth rate (CAGR) of more than 40% and cash flow at a CAGR of more than 15% since 2019. Exxon Mobil has also made progress in reducing greenhouse gas emissions and advancing large-scale projects. The company's plans include more than $20 billion in lower-emission investments through 2027, aiming to reduce emissions intensity and generate attractive returns. The Board of Directors and management have engaged with shareholders to understand their perspectives and have responded by updating the Advancing Climate Solutions Report and Sustainability Report. The Board recommends voting against all four shareholder proposals, citing the company's ongoing efforts and strategies to address the concerns raised.

This announcement is a separate document:

Doc 1

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