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Update: Chevron Shareholders Reject Proposal for Appointing Independent Board Chair

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(Updates with details from the company's statement throughout)

Chevron (CVX) shareholders rejected a proposal put forth at the company's annual general meeting that would have required appointing an independent board chair separate from the chief executive officer, according to preliminary voting results released Wednesday.

Preliminary results showed that an average of 97% of the votes were in favor of appointing all 12 nominees to the board.

About 9% of the votes were in favour of the proposals calling for the publication of a report on indigenous people's rights and a third-party report on human rights processes, the company said.

All voting results at the annual general meeting were in line with Chevron's recommendation.

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