NEW YORK (TheStreet) -- Exxon Mobil (XOM) - Get Report stock is rising by 0.13% to $83.86 in afternoon trading on Thursday after the SEC ruled that it must include a climate change resolution on its annual shareholder proxy, Reuters reports.
The agency decided that Exxon should not be able to prevent a climate-change proposal from undergoing a May shareholder vote. If approved, the proposal would require that Exxon detail specific risks that climate change and related legislation would pose to its operations.
However, Exxon shareholders have never approved a climate-change proposal, Reuters notes.
Environmentalists nonetheless applauded the decision.
"The SEC has rejected Exxon's attempt to silence investors' concerns about the very real financial risks associated with climate change," Shanna Cleveland of Ceres, a nonprofit group that tracks environmental records of public companies, told Reuters.
Separately, TheStreet Ratings team rates the stock as a "hold" with a ratings score of C.
Exxon Mobil's strengths such as its reasonable valuation levels, solid stock price performance and largely solid financial position with reasonable debt levels by most measures are countered by weaknesses including feeble growth in the company's earnings per share, weak operating cash flow and poor profit margins.
You can view the full analysis from the report here: XOM
TheStreet Ratings objectively rated this stock according to its "risk-adjusted" total return prospect over a 12-month investment horizon. Not based on the news in any given day, the rating may differ from Jim Cramer's view or that of this article's author.