Standard Oil 2.0, Amazon Preview
MarketFoolery
The Motley Fool
4.7 • 1.7K Ratings
🗓️ 1 February 2021
⏱️ 21 minutes
🧾️ Download transcript
Summary
The CEOs of Chevron and ExxonMobil talked last year about a potential merger. McCormick serves up higher sales in the 4th quarter. Jason Moser analyzes those stories and offers a preview of Amazon’s upcoming earnings report.
Transcript
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| 0:00.0 | It's Monday, February 1st. |
| 0:04.0 | Welcome to Market Foolery. |
| 0:05.0 | I'm Chris Hill with me today. |
| 0:07.0 | It's Jason Moser. |
| 0:08.0 | Good to see you, my friend. |
| 0:09.0 | Good to see you, my friend. |
| 0:10.0 | We've got a preview of Amazon's earnings. We are going to dip into the full mail bag. |
| 0:15.0 | But I'm going to start with something that happened yesterday, a quiet snowy Sunday here in the Greater Metropolitan Washington, D.C. area and it was lovely. |
| 0:27.9 | It was nice to just look outside and see the snow falling in a place where snow doesn't fall very often. and I was snapped back into and I was snapped back into reality |
| 0:37.0 | at some point during the day |
| 0:39.0 | when I looked at Twitter |
| 0:40.0 | and saw the news reported by the Wall Street Journal and Reuters that last year |
| 0:47.6 | the CEOs of ExxonMobil and Chevron discuss the possibility of their two companies merging. |
| 0:55.0 | And I wasn't around in 1911 when standard oil was broken up, |
| 1:02.0 | but I've studied enough of my business history to know that, well, to inform, that was my first thought. |
| 1:10.0 | I was like, oh, are we getting the band back to get? |
| 1:12.0 | Like, are they going to rename the company |
| 1:14.4 | standard oil? I mean what did you think when you first saw this news? |
| 1:19.1 | Well I mean the first thing that came to mind was Rockefeller in standard oil. |
| 1:25.7 | And time, time certainly have changed since standard oil, right? I mean, the world is slowly but surely evolving its energy |
| 1:36.9 | policy and it's clearly going towards renewables, things like solar and wind and batteries and |
| 1:46.0 | you know further away from fossil fuels. I mean that's no secret. Now I mean I think the |
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