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Engine No. 1 takes climate fight to other big oil companies after underdog win at Exxon

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A view of the ExxonMobil Baton Rouge Refinery in Baton Rouge, Louisiana, May 15, 2021.

Kathleen Flynn | Reuters

Activist firm Engine No. 1 after winning three board seats at Exxon is meeting with other oil companies in its climate change fight, a source familiar told CNBC’s David Faber.

The hedge fund has spoken with executives at several oil and gas corporations including Chevron, the source familiar told CNBC.

Engine No. 1 may not necessarily target Chevron in its next challenge, or target any company at all, according to the source.

Chevron confirmed the meeting with Engine No. 1 to CNBC.

“We have contingency plans to respond to many different types of events, including an activist…



Source cnbc.com

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