Exxon shares rose 59 cents to $90.26, and Chevron shares gained $1.60 to $101.79. Shareholders at Exxon Mobil and Chevron rejected resolutions backed by environmentalists that would have pushed the companies to take stronger stands in favor of limiting climate change. Patricia Daley, a Dominican sister from New Jersey and sponsor of one of the resolutions, said Exxon lacked "moral leadership." Also, Exxon Mobil Corp. shareholders voted to ask directors to adopt a proxy-access rule, which would make it easier for shareholders to propose their own board candidates. Exxon CEO Rex Tillerson said his company has long recognized that climate change is a serious risk and might require action.

Source: ABC News May 25, 2016 10:30 UTC