shareholder proposal · 2023
Oxfam America at ExxonMobil, Chevron, ConocoPhillips and Amazon
Asked each company to issue a tax transparency report to shareholders, at reasonable expense and excluding confidential information, prepared in consideration of the indicators and guidelines in the Global Reporting Initiative's Tax Standard, which includes public country-by-country reporting of revenues, profits and taxes paid in each jurisdiction.
What happened
Result: All four proposals were voted down in May 2023. The companies' own filings certify: ExxonMobil Proposal 15, 362,470,349 for and 2,307,000,846 against, reported by the company as 13.6%; Chevron item 11, 196,909,938 for and 1,148,005,158 against, reported as 14.6%; ConocoPhillips, 163,457,088 for and 782,322,358 against, which is 17.3% of the votes cast for and against; and Amazon, 1,293,326,053 for and 6,014,635,870 against, which is 17.7%. The FACT Coalition reported the same votes on different denominators, as 14% of outstanding shareholders at ExxonMobil and Chevron, 17% at ConocoPhillips and 21.4% of independent shareholders at Amazon.
We found no tax transparency report from any of the four companies, and no change that any source we opened attributes to these votes.
Who is involved
- Oxfam America filer
- ExxonMobil company
- Chevron Corporation company
- ConocoPhillips company
- Amazon.com Inc. company
What this campaign is about
- Fiscal, wage, and social-protection policies Necessary · UN Sustainable Development Goals