ExxonMobil’s Record Profit, EV Price Wars, & Thwarting the ‘Texas Two-Step’ 01/31/23
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 31 January 2023
⏱️ 32 minutes
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| 0:00.0 | Bring in show music please. |
| 0:03.0 | Hi, I'm C. NBC producer Katie Kramer, today on Squawk Pot. |
| 0:08.0 | ExxonMobil breaking all available records for oil industry profits making 56 billion dollars. |
| 0:16.0 | CEO Darren Woods offers no apologies for the eye-popping numbers. |
| 0:20.0 | When times were toughest, we were out there investing at a level that exceeded anybody else in our industry. |
| 0:26.2 | We had a keen focus on making sure that we had the production there and products |
| 0:31.1 | available for society when it was needed. |
| 0:34.0 | And no apologies for increased share buybacks and dividend payouts. |
| 0:38.5 | And that's one of the balances that we have to strike, reducing emissions and |
| 0:41.4 | generating returns for our shareholders. |
| 0:43.0 | Tesla, Ford, Rivian, Lucid, all vying for the most competitive plug-in price tag. |
| 0:48.4 | Wall Street Journal E.B. reporter Tim Higgins. That can be a very painful process from going from the |
| 0:54.5 | rather cool idea of a car, cool product to making a car as a scale, just ask |
| 1:01.4 | you on Musk and his sleeping on the factory floor for all those years. |
| 1:05.0 | Plus, a market warning from shortseller Jim Chainos, the White House cracking down on what |
| 1:10.7 | Medicare charges the government, and Johnson and Johnson's dance to |
| 1:14.4 | avert lawsuits well someone stops the music. The Texas two step I didn't |
| 1:18.7 | really realize it was called the Texas two step Becky. It's pretty good name for it. |
| 1:22.1 | It's Tuesday January 31st, |
| 1:24.8 | 2023. Squawk Pod begins right now. Stamp Becky by in three, two, one, |
| 1:30.8 | queue please. |
| 1:32.6 | Good morning everybody. |
... |
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