It’s time to Reenergize Exxon
No public company in the history of oil and gas has been more influential than ExxonMobil, and yet the Company has failed to evolve with the industry’s transition, resulting in significant underperformance to the detriment of shareholders.
The energy industry and the world are changing. To protect and enhance value for shareholders, we believe ExxonMobil must change as well. We believe that for ExxonMobil to avoid the fate of other once-iconic American companies, it must better position itself for long-term, sustainable value creation.
Learn more about Engine No. 1’s engagement efforts to Reenergize Exxon.
Reenergizing Exxon in the news

OILPRICE.COM: The Activist Investor Transforming America’s Largest Oil Company
– Engine No. 1, the new activist investor firm seeking long-term policy changes at Exxon, said on Wednesday it had formally nominated four independent director candidates to the supermajor’s board, continuing shareholder pressure on the biggest U.S. oil and gas firm to start thinking of its business in the energy transition.
CNBC: An underperforming Exxon Mobil faces a new climate threat: Activist hedge fund investors
– Exxon Mobil has been a laggard in the oil and gas sector and has seen its market value decline by hundreds of billions of dollars.
BLOOMBERG: Exxon's Activist Uses Weapons Provided By Exxon: Liam Denning
– The most telling line in new activist letter urging Exxon Mobil Corp. to embrace environmental sustainability has nothing to do with sustainability: Whatever the level of future [oil and gas] demand growth may be, ExxonMobil has no obligation to spend aggressively if doing so is likely to deliver suboptimal returns.
WSJ: Exxon Under Pressure From New Activist Fund
– Exxon Mobil Corp. XOM 1.33% is facing the threat of a proxy fight from a newcomer activist investor with a sustainability bent that wants the beleaguered energy giant to act faster to remake itself.“There is a compelling thesis today for a convergence of traditional investor activists and climate-aware investors…and Exxon is the clearest case even within oil and gas sector for a new kind of campaign.”

“Exxon Mobil Corp. is facing the threat of a proxy fight from a newcomer activist investor with a sustainability bent that wants the beleaguered energy giant to act faster to remake itself.”
