Chevron Corp. is preparing to defend itself against a potential challenge from activist investors like the one that roiled Exxon Mobil Corp. earlier this year, according to people familiar with the matter.
In recent weeks, Chevron executives met with representatives of Engine No. 1, the investment firm that led the successful fight to win three seats on Exxon’s board, people familiar with the matter said. Chevron shared some of its plans to reduce carbon emissions during the talks, which were described as cordial, and Engine No. 1 gave no indication that it would pursue a campaign against Chevron, the people said.
