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Squawk Pod

Squawk Pod Reports from the Business Roundtable: ConocoPhillips CEO Ryan Lance 03/07/24

Squawk Pod

CNBC

Business News, News, Investing, Business

4.2543 Ratings

🗓️ 7 March 2024

⏱️ 12 minutes

🧾️ Download transcript

Summary

Becky Quick sits down with ConocoPhillips CEO Ryan Lance in Washington, DC, where he’s meeting with fellow Business Roundtable members. Lance discusses the economic optimism displayed in the latest BRT CEO Survey, as well as his concerns about regulation in his industry and beyond. Energy giants are hoping to consolidate, and Lance reacts to the government’s scrutiny on those deals. In this episode: Becky Quick, @BeckyQuick Cameron Costa, @CameronCostaNY

Transcript

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0:00.0

Generally, I think the business community is feeling good.

0:07.0

Conoco Phillips, CEO Ryan Lance, a member of the Business Roundtable.

0:12.0

Optimistic about the economy, but wary about regulation.

0:16.6

When you pull most of the CEOs today, it's attacking us from every direction.

0:22.2

An energy industry hungry for mergers facing

0:25.9

scrutiny across the board. It's every three-letter acronym that you have in the

0:30.0

government today. It's the EPA. It's the DOI. It's the BLM. It's the FTC. It's the EPA it's the D.O. I it's the BLM it's the FTC it's the

0:34.8

SEC now coming out with some of their rules and I think that it is just that

0:39.3

environment that is that is not pro-business.

0:42.6

And his long-term concerns about the White House's

0:45.5

pause on U.S. permits to export natural gas.

0:49.6

Why would I sign up for a long-term contract today to get gas from the United States if I think

0:54.4

there's a chance that that pause is going to cause the gas supply not to be there.

0:59.4

Plus no industry is immune from interest rates, that is.

1:04.0

Certainly the high interest rates stifle a bit of the global growth,

1:08.6

certainly around the world and here in the United States

1:11.2

that does have an impact on demand at the end of the day.

1:14.0

I'm C. NBC producer Cameron Costa.

1:16.6

Squawkpad reports from the Business Roundtable Conoco Phillips CEO Ryan Lance

1:22.3

begins right now.

1:24.0

Today we're bringing you interviews from the Business Round Table's Spring Meeting in D.C.

1:37.0

The Business Roundtable, or BRT, is a group of over 200 American CEOs who advocate in Washington for policies to

...

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