ConocoPhillips (NYSE:COP) Advises Vote Against Emissions Proposal Amid 5% Price Drop Over Last Month
ConocoPhillips (NYSE:COP) experienced a 5% price decline over the last month, amid significant shareholder activism concerning its emissions reduction targets. The National Legal and Policy Center has submitted proposals to remove these targets, with ConocoPhillips advising a vote against them at the upcoming annual meeting. Simultaneously, the company plans governance changes, including eliminating supermajority voting provisions, indicating potential strategic shifts. This internal focus...