2 'Oil Alternatives' Jim Cramer Would Buy Instead of Exxon Stock
Exxon (XOM) - Get Report is reportedly facing a potential proxy fight from Engine No. 1, which is a new investment firm launched by Chris James. The firm is planning on sending Exxon's board a letter urging the company to focus more on investments in clean energy, and to cut costs elsewhere to protect its dividend.
The Wall Street Journal has reportedly obtained a copy of the letter.
WATCH: Everything Jim Cramer Is Watching in the Markets Monday
