Exxon And Chevron Climate Change Votes – What Is 33% Of Investors?

An interesting question here – just what is 33% of the vote at a corporate meeting? My suspicion is that we’ve got some malarkey going on with our definitions. But I am willing to admit to error on this.

The report is that some 33% of the vote at a Chevron shareholder meeting was in favour of summat about climate change. And, well, dunno.

Shareholders also defeated measures calling for a special board committee on climate change and for a report on the risks of climate change to Exxon’s U.S.

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Chevron And Exxon – To Explain Those Weak Refining Profits

This is something I’ve been banging on about over the years. Refining profits in the US and fracking. The combination of which aid in explaining the weak results from both Exxon and Chevron in the most recent figures.

To set the scene. The US did not allow crude oil exports – largely enough. It did allow exports of refined oil products. Fracking for oil started then grew to substantial size. There was thus lots of crude inside America.…

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Business And The Rule Of Law- Yup, It’s Important In Iran Too

From our Special Correspondent in the oil industry:

From the BBC:

France has condemned as “unacceptable” a US move to re-impose sanctions on companies trading with Iran.

The action from Washington followed President Donald Trump’s decision to pull out of a landmark deal that sought to curb Iran’s nuclear programme.

French Foreign Minister Jean-Yves Le Drian said European companies should not have to pay for the US decision.

So much for this being about Iran’s nuclear capabilities, eh?…

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