“The Bird is Freed” & Exxon’s Record-Breaking Profits 10/28/22
Squawk Pod
CNBC
4.2 • 543 Ratings
🗓️ 28 October 2022
⏱️ 39 minutes
🧾️ Download transcript
Summary
Transcript
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| 0:00.0 | Bring in show music please. |
| 0:03.0 | Hi, I'm C. NBC producer Katie Kramer. |
| 0:07.0 | Today, on Squawk Pod. |
| 0:08.0 | A record quarter for ExxonMobil, |
| 0:11.0 | balancing giant profits for oil, |
| 0:13.2 | with big pressures of the pump, |
| 0:14.6 | and tricky politics around the world, |
| 0:16.5 | CEO Darren Woods. |
| 0:17.8 | I won't get into the political dynamics |
| 0:19.8 | of what's happening in the motivation there. |
| 0:22.1 | But I would say, ultimately ultimately we've got to increase |
| 0:24.5 | supply if we're going to continue to meet the demands of a growing economies all around |
| 0:28.0 | the world. Plus how environmental concern is affecting oil's bottom line. |
| 0:32.0 | We've gotten into this dynamic of where people are |
| 0:35.6 | choosing sides. It's either right or left, right or wrong. I continue to believe that, again, this is an and |
| 0:42.1 | equation. We're growing our production while |
| 0:44.3 | reducing emissions and the honeymoon begins the bird is free |
| 0:50.3 | Elon Musk officially owns Twitter 4444 billion in a full soap opera later. |
| 0:55.9 | So the big question is, is Elon Musk going to be a good corporate citizen? |
| 1:01.3 | Those conversations, plus our economies growing, for one quarter at least, and |
| 1:05.5 | see NBC's Sharon Epperson reports on what may be a safe haven for your money. |
| 1:10.1 | That's a far better return than you'll get on online same accounts or see these right now if you can actually buy the I bonds. |
... |
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