By Paul Sankey
Published on May 22, 2024 at 8:58 AM
Hess for Chevron sale shareholder vote Is next week 5/28 Source: Sankey Research, companies for logos Understood that Hess has a high level of passive ownership, around 30%, and insider ownership, around a further ~10% controlled by John Hess. It was therefore seen as a relatively straightforward vote that would be approved, until ISS recommended shareholders vote “Abstain” NOT “Yes”. But ISS seemed to be backward looking, disapproving the deal as agreed, rather than looking …
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By Paul Sankey
Published on May 13, 2024 at 4:08 PM
05/13/2024 13:43:08 *CHEVRON HITS SESSION LOW AFTER ISS SAYS ABSTAIN ON HESS VOTE 05/13/2024 14:38:37 *HESS INVESTOR HBK SAYS IT WILL ABSTAIN IN CHEVRON MERGER VOTE We were chatting to Hess at lunchtime, the company on a sellside ring-around presumably to drum up support for the upcoming May 28th shareholder vote on the CVX deal. One obvious niggling question at lunchtime today, was whether the shareholder vote services would recommend a vote for the deal, …
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By Paul Sankey
Published on April 27, 2024 at 2:11 PM
At the risk of losing you with the first phrase, dear reader, we are starting today’s note on US college campuses. A different approach to ExxonMobil and Chevron results. It is not often that the CEO of ExxonMobil – Darren Woods – brings tears to my eyes with the answer to a question, followed by me giving a mental standing ovation, but as his interview with Becky Quick on CNBC yesterday morning concluded, they had …
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