Exxon Mobil Corporation (NYSE:XOM) Files An 8-K Regulation FD Disclosure
ME Staff 8-k
Exxon Mobil Corporation (NYSE:XOM) Files An 8-K Regulation FD DisclosureItem 7.01
Regulation FD Disclosure
Consistent with ExxonMobil’s Corporate Governance Guidelines, the Company’s Board of Directors has reconsidered the proposal requesting a report on impacts of climate change policies (Item 12) that the New York State Common Retirement Fund submitted for the 2017 Annual Shareholders Meeting. In reconsidering the proposal, the Company sought input from a number of parties, such as the proponents and major shareholders. As such, the Board has decided to further enhance the Company’s disclosures consistent with the Item 12 proposal and will seek to issue these disclosures in the near future. These enhancements will include energy demand sensitivities, implications of two degree Celsius scenarios, and positioning for a lower-carbon future.
About Exxon Mobil Corporation (NYSE:XOM) Exxon Mobil Corporation is an energy company. The Company is engaged in the exploration and production of crude oil and natural gas, manufacturing of petroleum products, and transportation and sale of crude oil, natural gas and petroleum products. The Company also manufactures and markets petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics, and various specialty products. The Company operates through the Upstream, Downstream, Chemical, and Corporate and Financing segments. The Upstream segment operates to explore for and produce crude oil and natural gas. The Downstream segment operates to manufacture and sell petroleum products. The Chemical segment operates to manufacture and sell petrochemicals. The Company’s projects include the Kearl project, Heidelberg project, the Point Thomson project, the Hadrian South project, the Lucius project, the Barzan project, the Arkutun-Dagi project, and the Upper Zakum 750 project, among others.