Influential proxy advisor Institutional Shareholder Services (ISS) has recommended shareholders back Chevron Corp Chief Executive Michael Wirth for reelection to the company's board and oppose a proposal to split the CEO-chairman role at the No. 2 U.S. oil producer. ISS urged votes for Wirth but said Chevron could take additional steps to better manage climate-related risks, according to its report. While Chevron has pledged to limit the pace of growth of its carbon emissions that contribute to climate change, it has not set longer-term targets to achieve net zero as many European rivals have done.
Shell's (RDS.A) Deepwater executive vice president Paul Goodfellow believes that Leopard is a lucrative add-on to the company's core portfolio and strengthens its lead in the Gulf of Mexico.
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