real-time news and commentary for investors
Friday, Sep 27
In big switch, Exxon to provide same-sex marriage benefits
- ExxonMobil (XOM) says it will begin offering benefits to legally married same-sex couples in the U.S. for the first time as of Oct. 1.
- Though dozens of U.S. companies have offered domestic partner benefits to gay couples for years, the step at XOM, the world's largest publicly traded oil company, is considered especially significant.
- A minority of shareholders have repeatedly implored XOM to add language to its company guidelines that specifically bans discrimination against gay employees, in line with peers such as BP, Chevron and Shell.