ADL, JLens urges Chevron shareholders to vote against Proposal 6

JLens, a Registered Investment Advisor that “empowers investors to align their capital with Jewish values,” along with the Anti-Defamation League, are urging shareholders of Chevron (CVX) to vote AGAINST a shareholder proposal that they say is aligned with a Boycott, Divestment, and Sanctions (campaign targeting Chevron’s Israel-related operations. JLens and ADL also note that Proposal 6, which is expected to be submitted to a vote at the Company’s annual meeting of shareholders on May 27, 2026, could create uncertainty around Chevron’s Eastern Mediterranean operations, including strategically important natural gas assets that support Israel’s energy security. Proposal 6 calls for the Chevron Board of Directors to commission an independent third-party report “assessing the effectiveness of (Chevron’s) due diligence processes to identify, assess, and mitigate human rights risks arising from its customers, counterparties, and business partners,” and specifically highlights the Company’s stance with respect to “human rights in the occupied Palestinian territories.” Chevron operates the Leviathan and Tamar offshore natural gas fields in the Eastern Mediterranean, which are among the region’s most strategically important energy assets. These gas fields supply natural gas to Israel, Egypt, and Jordan, and Chevron recently approved a major expansion project intended to increase regional energy deliveries. The Chevron Board of Directors has recommended that the Company’s shareholders vote AGAINST Proposal 6. Two leading independent proxy advisory firms, Institutional Shareholder Services and Glass, Lewis & Co., also recommended that shareholders vote AGAINST Proposal 6. “The proposal selectively targets Chevron’s Israel-linked gas operations, without looking at assets elsewhere across the Company’s global portfolio,” said Jonathan A. Greenblatt, CEO and National Director of ADL. “This kind of selective scrutiny is consistent with longstanding BDS tactics and reflects a troubling double standard.”