On Friday, Norway’s $1.4 trillion wealth fund, the world’s largest stock market investor, said it would vote against oil majors Chevron (CVX.N) and ExxonMobil (XOM.N) CEOs and management on multiple emissions-related proposals.
The fund stated on its website that Chevron CEO Mike K. Wirth and ExxonMobil CEO Darren W. Woods should not hold both jobs as chairmen of the boards.
As of 2022, the Norwegian fund owned 0.86% of Chevron and 1.13% of ExxonMobil.
