Big Oil’s Record Profit with ExxonMobil CEO; Tech’s Week of Results 04/28/23

Squawk Pod

CNBC

News, Business News, Business, Investing

4.2 • 543 Ratings

🗓️ 28 April 2023

⏱️ 36 minutes

🔗️ Recording | iTunes | RSS

🧾️ Download transcript

Summary

ExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon, Snap, Pinterest, and Intel. Coinbase is firing back at the SEC’s Wells notice, flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizzard plan to appeal the UK CMA’s decision to block their merger. Former Facebook General Counsel Chris Kelly explains what this means for the FTC, what the appeals process might look like, and how regulator crackdown on companies could affect the dealmaking ecosystem. In this episode: Darren Woods, @exxonmobil Joe Kernen, @JoeSquawk Becky Quick, @BeckyQuick Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

Click on a timestamp to play from that location

0:00.0	Bring in show music please.
0:03.0	Hi, I'm C. NBC producer Katie Kramer today on Squack Pot.
0:09.0	Exxon Mobile CEO Darren Woods, big oil's big profits came in 2022 and they've got a E. structural cost. We've got an investment portfolio that I think leads the industry.
0:25.0	We're continuing to grow production.
0:27.0	What's next for the maybe stalled Microsoft Activision that can increase competition and that allow even large players to compete well against
0:46.4	other large players.
0:48.1	All that today and Tech's quarterly results, the good, the bad, and the ugly.
0:52.7	Plus, coin bases firing back at the SEC
0:55.6	and egg prices ready to cool.
0:57.9	No bird flew here.
1:00.2	It's Friday, April 28th,
1:02.2	Squawk Pot begins right now.
1:04.4	Stand Becky by in three, two, one, queue please.
1:09.2	Good morning everybody and welcome to Squackbox right here on on CMBC.
1:13.0	We're live from the NASDAQ market site in Times Square.
1:15.6	I'm Becky Quick, along with Joe Kernan and Andrew Ross
1:18.5	Sorkin. It's Friday.
1:20.0	It's been a long week.
1:21.5	We're here, the Dow and the S&P coming off their best day since January.
1:26.5	Dow was up by 524 points. The S&P was up by nearly 2% and the NASDAQ was the big winner. It was up by 2.4% of course it was
1:35.3	lifted in part thanks to a nearly 14% game for meta platforms in yesterday's
1:40.0	session after that company came out with very strong earnings this
	...

Please login to see the full transcript.

Previous episode | Next episode

Disclaimer: The podcast and artwork embedded on this page are from CNBC, and are the property of its owner and not affiliated with or endorsed by Tapesearch.

Generated transcripts are the property of CNBC and are distributed freely under the Fair Use doctrine. Transcripts generated by Tapesearch are not guaranteed to be accurate.