Exxon Mobil (XOM) Considering adding activist investor Jeff Ubben to the board according to Bloomberg
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UNLOCK OFFERExxon Mobil (XOM) shares are higher on Friday as Bloomberg reports that Exxon is considering adding activist investor Jeff Ubben to the board.
Additional takeaways
Ubben’s investment firm Inclusive Capital Partners could also take a significant stake in the oil major if Jeff Ubben is appointed to the board.
Bloomberg reports that discussions between Exxon (XOM) and Ubben are “constructive”.
Recent press speculation has linked Exxon Mobil (XOM) to Chevron (CVX).
Market Reaction
Shares in Exxon Mobil (XOM) are trading nearly 1.5% higher during Friday’s pre-market session at $48.98.
XOM hares have performed strongly since announcing results on Tuesday. Exxon announced its first loss in forty years but still beat analyst expectations on EPS. Exxon (XOM) more importantly pledged to maintain its generous dividend.
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FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
Exxon Mobil (XOM) shares are higher on Friday as Bloomberg reports that Exxon is considering adding activist investor Jeff Ubben to the board.
Additional takeaways
Ubben’s investment firm Inclusive Capital Partners could also take a significant stake in the oil major if Jeff Ubben is appointed to the board.
Bloomberg reports that discussions between Exxon (XOM) and Ubben are “constructive”.
Recent press speculation has linked Exxon Mobil (XOM) to Chevron (CVX).
Market Reaction
Shares in Exxon Mobil (XOM) are trading nearly 1.5% higher during Friday’s pre-market session at $48.98.
XOM hares have performed strongly since announcing results on Tuesday. Exxon announced its first loss in forty years but still beat analyst expectations on EPS. Exxon (XOM) more importantly pledged to maintain its generous dividend.
The author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
This article is for information purposes only. The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice. It is important to perform your own research before making any investment and take independent advice from a registered investment advisor.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to accuracy, completeness, or the suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. The author will not be held responsible for information that is found at the end of links posted on this page.
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