Exxon Mobil’s $59.5B Deal & CEOs Speaking Up Against Antisemitism 10/11/23

Squawk Pod

CNBC

Business News, Investing, Business, News

4 • 494 Ratings

🗓️ 11 October 2023

⏱️ 38 minutes

🔗️ Recording | iTunes | RSS

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Summary

Exxon Mobil has struck a $59.5 billion deal to acquire Pioneer Natural Resources in an all-stock merger. Pioneer Natural Resources CEO Scott Sheffield and Exxon Mobil CEO Darren Woods discuss how the deal came about, potential regulatory hurdles, and what role fossil fuels will play in our future. Incidents of religious-based hate and discrimination are on the rise as the fifth day of fighting in the Israel-Hamas War is underway. Anti-Defamation League CEO Jonathan Greenblatt explains why Fortune 500 CEOs should sign the ADL’s pledge to condemn antisemitism, and what American corporations can do to support their Jewish employees. Plus, Novo Nordisk stock is popping on more Ozempic success, Congress is seeking a new House Speaker, the White House wants to crack down on junk fees, and testimony at Sam Bankman-Fried’s trial illuminates the internal goings-on of FTX before its collapse. Darren Woods and Scott Sheffield - 15:04 Jonathan Greenblatt - 28:19 In this episode: Jonathan Greenblatt, @JGreenblattADL Andrew Ross Sorkin, @andrewrsorkin Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0	Bring in show music please.
0:04.0	This is Squack Pod and I'm
0:06.6	see and be see producer Cameron Costa. Today on our podcast
0:10.3	ExxonMobil's huge deal to buy rival Pioneer.
0:15.0	Both CEOs join us in their first interview since merging to form the biggest producer in the largest US oil field.
0:23.5	Pioneer CEO Scott Sheffield.
0:25.8	This is the best company to take 100% stock
0:29.4	in the world, in my opinion.
0:30.7	What Darren has done with this company over the last few years and
0:34.1	turning it around they've outperformed all the majors across all indexes. And Exxon's
0:39.1	CEO Darren Woods says it's a big deal for a big industry that isn't going anywhere.
0:46.3	Fossil fuels oil and gas were to continue to play a role over time.
0:50.2	That may be may diminish with time, but it will be around for a long time.
0:54.0	And as the Israel-Hamass War continues,
0:58.0	CEO of the Anti-Defamation League,
1:00.0	Jonathan Greenblatt is urging corporate America to speak up.
1:04.4	CEOs want to talk about, you know, EPS if you will, right? Not ESG. I understand that impulse too.
1:10.6	But there are some issues that are political and that are some that are just moral.
1:14.8	Those conversations plus Congress still leaderless and Ozempeck finds more success.
1:22.4	If it's like antibiotics, fantastic. And Osmpick finds more success.
1:22.6	If it's like antibiotics, fantastic.
1:24.7	That is a miracle that all of us have been so fortunate
	...

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