Last week in Dallas ExxonMobil held our 134th annual shareholders’ meeting, a tradition that goes back to our earliest days as Standard Oil. These meetings each year allow us to report on the health of the company and lay out future plans.
But an annual meeting isn’t just a corporate State of the Union address. It’s a two-way street of engagement. As in years past, the 2016 meeting provided a valuable opportunity for ExxonMobil management to engage with the company’s shareholders, whether large institutional investors or small individual owners.
Not surprisingly, some of the concerns we heard had to do with climate change. We were glad to be able to discuss those concerns, the corporation’s position, and the search for solutions – most notably the various technologies ExxonMobil is developing that are designed to lower emissions and mitigate climate-change risks.
In his remarks, ExxonMobil chairman and CEO Rex Tillerson also stressed how closely aligned our company is with the Intergovernmental Panel on Climate Change when it comes to understanding the science behind rising emissions and their likely effects.
That’s an important point to keep in mind when you hear critics accuse ExxonMobil of blocking progress on climate change. We are working to find constructive solutions to reduce greenhouse gas emissions to mitigate the risks associated with climate change.
All in all it was a beneficial meeting that covered a host of topics, from current market conditions to technology to future investment and our long-term outlook.
For those who weren’t able to make it to Dallas, you can still view a webcast of the event online, including the slides and presentation given by Rex.