Exxon CEO Darren Woods 11/01/24

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 1 November 2024

⏱️ 42 minutes

🔗️ Recording | iTunes | RSS

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Summary

Oil giant Exxon Mobil reported quarterly results today that beat expectations. Ahead of the presidential election next week, Exxon CEO Darren Woods discusses oil prices, supply and demand, tariffs, Donald Trump’s “drill baby drill” perspective, and the California lawsuit over Exxon’s plastics waste. Next, Arthur Brooks, author and AEI president emeritus, gives a mood check on the country as we head into the election. He says, don’t let the election “ruin your life.” Plus, shares of Amazon and Intel are rising after earnings beat estimates, Boeing and its machinist union have negotiated a new contract offer, Sony is suing CBS over game show revenue from Jeopardy and Wheel of Fortune, and economists are parsing a “noisy” jobs report. Darren Woods - 14:40 Arthurt Brooks - 34:30 In this episode: Arthur Brooks, @arthurbrooks Becky Quick, @BeckyQuick Joe Kernen, @JoeSquawk Andrew Ross Sorkin, @andrewrsorkin Katie Kramer, @Kramer_Katie

Transcript

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0:00.0	Bring in show music, please.
0:04.4	Hi, I'm CNBC producer Katie Kramer.
0:07.1	Today on Squawk Pod.
0:09.6	Noise in the jobs report, in the debate over weather plans for higher tariffs offset sky-high government spending.
0:16.4	Yeah, it is one loud election, but there are just a few days left.
0:20.6	We check in with one corporate leader who is moving forward whatever happens. It is one loud election, but there are just a few days left.
0:21.0	We check in with one corporate leader who is moving forward whatever happens, ExxonMobil
0:25.9	CEO, Darren Woods.
0:27.9	We're not setting our capital plans based on an assumption about whether there's tariffs
0:32.0	or not tariffs or how that's going to manifest itself and in the role that we would have
0:35.8	to lower prices.
0:43.1	But emotions are running high in these final days before the votes are counted, how we get through it, with author and podcaster Arthur Brooks.
0:46.4	The key thing is not letting it ruin your life, is remembering what really matters is not the
0:50.9	competition.
0:52.1	Plus, Apple and Intel speak to the street. Boeing hopes the third time is the charm with striking workers.
0:58.0	And yes, people definitely still watch Jeopardy.
1:01.0	This is such a boomer update.
1:02.0	It really is.
1:03.0	People at home are the young.
1:05.0	What show?
1:07.0	It's Friday, November 1st.
1:09.0	Squawk Pod begins right now.
	...

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