May 29 (Reuters) - Chevron ( CVX ) shareholders on

Wednesday voted to re-elect all 12 sitting directors to its

board, in a sign of support for the oil major.

CEO Michael Wirth said the company was moving ahead on the

U.S. Federal Trade Commission's review of its proposed buyout of

oil producer Hess Corp ( HES ) in the coming weeks, and was

confident that Chevron's ( CVX ) position would be affirmed in the

arbitration.

The $53 billion deal requires U.S. regulatory approval and

faces a challenge by Exxon Mobil ( XOM ) and CNOOC,

which claim they have pre-emption rights to any sale of Hess'

Guyana assets.

Shares of Chevron ( CVX ) were down 1.4% in afternoon trade,

following a decline in the broader stock market.

Shareholders rejected all four proposals brought forward by

investors, with 98% voting against reporting about the risks

from voluntary carbon-reduction commitments and 92% voting

against a report on how the business would be affected by

consumers sharply cutting their use of single-use and virgin

plastics.

A proposal to hire an outside group to evaluate Chevron's ( CVX )

human rights policies fell with 78% opposed, the lowest

rejection of any of the resolutions.

About 85% of shareholders voted against hunger group Oxfam

America's petition for the company to issue a tax transparency

report that follows the Global Reporting Initiative's Tax

Standard guidelines.

Chevron's ( CVX ) board had recommended a "no vote" to all the

proposals.

Wirth also pointed out that the company has completed

several acquisitions in recent years, including deals for U.S.

oil and gas producer PDC Energy and renewable fuels maker ACES

Delta in 2023.