1/27, 4:59 PM (Source: TeleTrader)
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ExxonMobil considering board expansion - report

Exxon Mobil Corp. is planning on expanding its board in order to implement new measures that would further reduce the company's carbon footprint, The Wall Street Journal reported on Wednesday.

According to people familiar with the discussions, Exxon Mobil has been under pressure from activist investors on adding more directors to its board and subsequently increasing sustainability investments. The final decision could be announced even next week along with the fourth-quarter earnings report.

Exxon Mobil "will provide updates on company performance and actions to address climate change, including initiatives to commercialize technologies which are key to reducing emissions and meeting societal goals consistent with the Paris Agreement," the company's statement said about the matter, per the WSJ.

Breaking the News / ND