36 Burst results for "Exxon Mobil"
Fresh update on "exxon mobil" discussed on The Oil
"And what are they always say you know I don't know what what is the multiplier for for oil and gas emanates on Edna what what are you? What are we normally see? This is from Andrew Dittmer said this in his energy expert interview and I'm forgetting it was like. I think that I too right I think. Two or three. Taxes ten like if you do like the. Pure technology like a ten so. Guys what we're talking about we're talking about. So student, I if we had a lot of money, we go acquire companies how you value what a company is is a lot of times you take eva, which is earnings before interest taxes, Blah Blah, blah blah, and there's a multiplier on that which basically multiply that number by whatever, and that's what the I guess. The overall would be the value of what you would ideally want to do and different industries have different. Multiplies Technology it's ten times evident because technologies are super scale them think about it's pretty easy to roll out a saas platform and scale that because they're takes less people trust me and consulting his heart because you get another project guess what you need another person to work on it. It's hard to get to an equilibrium level where you have enough from, but stack is easy to scale. So that's why they get ten oil and gas what is it like two three? It's a two or three, but you and I have laughed about e Banak and because covid has allowed companies to write off so much money in Q. to the formula has changed and I can't figure that for me out right now because nothing is predictable in the oil and gas industry right now so that he that two to three that we talked about on that podcast. Good information. But I have no idea what the EIB ADAK earnings before taxes amateurs, and after imitation and covert. I don't know. If mean the prediction moan. It's you know I think someone's going GonNa Choir Occidental and who's got the money to do that it's a super major and I don't think these super majors are going to go outright by think it's GonNa be just a merger I think it's going to be about I mean think about Exxon Mobil next t o I mean I think that is a great. Yes. I would say. Part or a great case study today it's probably what it's. oxy's probably not going to have a different name. Probably GonNA keep oxy's the same name to keep everything the same other than just start having a consolidated balance sheet because that's what you look at. When you do ExxonMobil's earnings actually IOS or included in that. When we look at Chenier, we're going to go through at some point you're already for minutes into this thing every moved onto items are on this list, but we're GONNA get to Chenier Stu. They've got like forty five subsidiaries and that's where it really gets interesting so. All in all I think when you look at oxy to of wrap oxy's earning statement on. Great company I just the numbers don't look the numbers don't seem to add up to me start looking at this cash flow statement. This looks like my bank account. Startup knife. which. was. which was if this bottom of the screen is zero, I'm like this..
Cybersecurity and the SMB
"But yet, you guys are geared towards helping small businesses from policy in ready perspective on cyber right. Absolutely. So I can tell you what we do I. Just WanNa make a comment on your diversity common because I'll. I'll make a a plug for diversity across genders races. The capabilities and skills are out there, but you have to work to find them So it's just a question. If you really believe in diversity than you have to build it from the ground up get people into the position to acquire the skills, and there's plenty of there's a diverse skill that's out there but you have to look forward. and. Not just be complacent and go to the usual suspects. So that's that's my plug on diversity it it. They are particularly in this space and it's important to for US particularly cybersecurity, which is about building things and creating solutions to actually get divers, thoughts and ideas in. Well, if I made injected diversity of opinion is so important because we. I I've been in the industry. You know roughly twenty some odd years and I feel like while we continue to innovate actually like the solving things is is the difficult part right and so every couple years ago we need a fresh perspective and what we have disabled people like this is not how it is going to happen. Yeah exactly. Exactly and so the the Cyber Readiness Institute in Two Thousand Sixteen I served as executive director of President Obama's independent bipartisan commission on Enhancing National Cyber Security, and it was a nine month commission as. We're finishing up the commission and the Vice Chair of the Commission Sam Palmisano, who's the retired CEO of IBM in I came together to talk through how do you carry this momentum forward so the CO chairs were all involved co chairs of CRI were all involved in the commission of Penny. pritzker served as US Secretary of Commerce at the time and she was oversight and then Microsoft participated on the commission Ivanka the CEO of MasterCard was a commissioner and the idea was to your earlier point that by convening senior executives to come together. And say small business cybersecurity is important. You create momentum for this purpose because small businesses themselves don't have the voice and don't have the resources for this and so if you take and convene large companies and ask them to share their best practices and resources to create free tools for small businesses, then you're truly helping businesses and you're also improving the security of global value chains. The point that Ajay Banga the CEO of MasterCard with all the time is you know we're only as strong as our weakest link and particularly for a company. Like MasterCard helping small businesses make sense but it's true of all companies are members include Exxon, Mobil, General Motors, city, those companies, all recognize the importance of cybersecurity for small businesses will, and I think it's interesting as cyber security We'll save matures and it's it's time as thing One of the things that I think we we keep coming back to insert recognizing pretty readily and it's happened a few times over the years where your smallest vendor, your most insignificant from but number of dollars you pay them vendor or partner. Tends to be one of your weakest. Of A cybersecurity perspective right. So if you think about the overuse example although I haven't heard it in a while of the h back company that you know. Is your is your H, back to provide a provider of choice for the six hundred, seventy, four locations you have right or or even or even the one like you've got a shop or something of live in an area that's got a lot of these small companies that are the warehousing and electrical companies and right. These are not like global companies but they've got somebody that maintains their grounds. They got somebody that does their payroll. They've got somebody that maintains the electrical and all that and I sort of wonder How much of the companies that? These companies rely on actually do. In terms of cybersecurity sometimes, they have such A. Wealth and abundance was an embarrassment of riches as the attorney in terms of how much data they have a about some of the world's largest companies. Blows my mind that they spent like. Maybe sometimes nothing on cybersecurity will holy cow possible. Well exactly and I think one of the things that you are calling attention to, which is so critical as that supply chains are not linear. There are parts of your supply chain that people don't think about it's the catering company. It's the HVAC company and there was a story in the. New York Times by Nicole for over a couple of years ago about an oil company in Texas that was firewalls, six ways to Sunday. But they were breached because the militia actors were paying attention to the it department and saw that at six o'clock at night typically, they would download the menu from the Chinese restaurant around the corner and. To in order to order, and so they put them out where on the Chinese restaurant. because. They see a lot easier to breach
Tech giants lead gains as S&P 500 closes 4th winning month
"Giants lifted stocks. To end the week on a high note. The Dow closed up 115 points 1150.4%. The SNP gain 3/4 of a percent. The NASDAQ added 1.5% blowout. Earnings in the tech sector offset the worst losses in decades. Among oil giants, Chevron and Exxon Mobil, Chevron dropped more than 2.5%. Exxon, which pledged to keep paying out a dividend to shareholders. Gained half a percent.
Oil giants lost billions as pandemic crushed demand for fuel
"It is all about oil companies. They're losing billions on the 12 punch of both over supply and pandemic. Demand drops both Exxon Mobil and Chevron earnings Well, they reflect that our own scarlet fu is here with more Scarlett. What were some of your key takeaways? Around some of these oil giants reporting and just the losses that they're reporting. It was a pretty ugly day for big oil. You know, there was a time when Exxon Mobil was the most valuable company in the S and P 500. Those days are long gone. And if you look at Exxon Mobil today in its market cap, it is worth 1/10. Of what Apple is worth, and I bring this up because both Apple and Exxon Mobil reported earnings over the last 24 hours, and ExxonMobil's results look very different from what we heard from apple. Okay. So example one Chevron. They both had this integrated business model that is meant to protect them. No matter of oil prices rise or fall, So that means for the upstream business, they have oil exploration and production. I also have a downstream side. The business which is refining and chemical units in the second quarter, however, you can see production got hit because of lower oil prices, and the refining and chemical units also got hit because of lower demand for things like jet fuel, gasoline and plastic wrap that uses oil as a raw material, and in fact This is stunning. Exxon Mobil generated zero cash from operating activities in the second quarter. This is a massive company, and it generated zero cash from his operating activities. All that resulting in some pretty steep losses exam over reported a $610 million loss in the first quarter and even bigger loss in the second quarter. There are $1.1 billion Look at Chevron's numbers $8.3 billion deficit in the second quarter. That is two times the amount it made in the year ago period. And by the way, Chevron also wrote down a lot of its assets at $5.7 billion in oil and gas assets. I mean, these numbers are so big it just I had to look at it. A couple of times three or four
Dallas - Irving Based Exxon Mobile Lost $1B In Second Quarter As Oil Use Continues To Fall
"Exxon Mobil just posted its largest quarterly loss ever, the oil giant losing $1.1 billion in the second quarter. The company says pandemic related shutdowns kept people at home, reducing the need for its products. ExxonMobil's second quarter revenue of 32 billion Was less than 1/2 what it was a year earlier. Shares of Exxon Mobil down about 45 cents, down about 1%. There are
Minnesota Attorney General Sues Exxon Over Climate Change
"A growing number of states and cities are asking courts to hold fossil fuel companies accountable for the costs of climate change. Minnesota is the latest state to file a lawsuit like this. The state's Attorney General Keith Ellison claims that Exxon, Mobil the American, Petroleum Institute and Coke Industries strategized to deceive the public about carbon emissions and attorney general joins us now. Welcome Bank you for having me. What evidence do you have? These organizations intentionally deceived the public. Well, you know we have. Documents such as One, stamped proprietary information from Exxon, engineering, which says the CO two concentration. The atmosphere has increased in the rate of Co. two release from ANTHRO GENYK sources appears to be doubling every fifteen years. The most widely held theory is that the increase is due to fossil fuel combustion, and that document was from when that document was from October. Sixteen nineteen seventy nine. Th that's so. They knew in seventy nine, and then they lied about it actually they produced propaganda. Woods, which essentially said things like who told you the earth is warming chicken little? And then other ones, the most serious problem with catastrophic global warming is that it may not be true. They directly contradicted what their research around. We can prove that and we will. Today, there's a lot of good information about the causes of climate change and the consequences that will have and yet Americans still commute by car and take cross country flights, so tell me how you can argue that anyone's behavior would have changed if Americans had known more earlier Oh. There's a lot of technologies that we could have engaged in a lot of different sorts of things including moving toward renewable energy sources including rapid transit that might be less carbon emitting. There are a lot of things that people are doing right now to reduce the carbon footprint. We've seen dramatic increase in solar and wind usage in the last few years. Mean the world is adjusting? What if we would've just had a ten or twenty years to make that adjustment rather than the limited amount of time that we have now now the first paragraph of this lawsuit you mentioned that climate change will disproportionately impact people living in poverty and people of color, other climate change lawsuits have not put this issue, front and center. Why did you WANNA put equity in the foreground of your case? Well codes is true. Which is always important? You know to make sure that we tell the story about what's really going on here. So many civil rights groups that work on issues of racial and economic justice don't always factor in the environmental realities that people of color and low income people face. I mean the fact is. Is that environmental justice and environmental harms that disproportionately affect communities of color and low income people? Is a civil rights issue, and it should be treated as that. We've got to make sure that as people are working on criminal justice and things like that factoring environmental justice as urgent as it is, give us an example or two of how climate change has already affected the lives of Minnesotans well I. Mean if you're a farmer, you probably have seen much wetter feels than you've ever seen Those wetter feels delayed. You're growing season. We've seen you've seen infestation in. In Pass that are impacting There are a lot the range of things that MINNESOTANS are seeing. Every day. We saw many of them just last week. One person who was with us was an environmentalist who is on the wider nation of GIBB. Way And she was talking about how rice production has been dramatically impacted, which is a she called a sacred food of the way people, and how the just climate change, the traumatic dramatically affected how they can harvest that crop. We reached out to the defendants for comment and Exxon Mobil responded calling the lawsuit. A politically motivated campaign against energy companies, saying that wastes taxpayer money. How do you respond to that? City by wasted money into them, you know they need to come in come to the table and talked with us about how they're going to mitigate the harm that they caused. You know they need to discourse their profits. They need to start telling the truth about the deception that they have put forward any to help us get on the path to renewable green energy. That's what they need to do but of course you know they've lied from the start. There's still lying. So that's just the way they do business you know there have been a lot of other cases like yours and so far none have been successful New York's attorney general lost a case against. Against Exxon Mobil others or taking a long time to resolve, what makes you think this one will be successful where others so far have not been? We have great confidence in Minnesota's consumer loss I mean this lawsuit claimed fried failure to warn multiple and separate violations of consumer fraud statutes deceptive trade practices. We can show that they have done it now. I'll never underestimate their ability to op. Escape trick and avoid, but we're even more confident in our ability to put on a strong powerful case that will require that. They have to be held accountable, so imagine for a moment that you do in this case. What do you want the impact or consequences to be? What we want is to disgorge their profits we want. We're seeking out remedial and injunctive relief in restitution. And we believe there needs to be a corrective public education campaign. They need to stop lying. Start telling the truth. They need to teach people that what they had been saying wasn't true that there that there is one there is climate change to it's caused by fossil fuels and its effects are catastrophic. We believe that the money that they have received based on their deception is ill gotten gains. They should not be allowed to retain it. Minnesota Attorney General Keith and thank you for speaking with us. Thank
Talking to the Other Side
"Hello and welcome to the sustainable future for Friday. The twenty ninth of May. I'm Angela. Day. The thing all this episode is talking to the other side. How do we talk to the other side about the climate emergency? How do we find common ground? How do we get everyone working together? I spoke to Kevin Wilhelm. Ceo of sustainable business consulting in Seattle. I'm talking to Kevin will help. Who with naturally Huffman is joined all through a book called how to talk to the other side finding common ground in times of Corona virus recession and climate change. Now I know the coronavirus recession of very much for front of our minds at the moment but the climate change emergency has not gone away We really need to be able to talk to the to the other side because there are people who are vested interests and there are people who dogmatically opposed to the idea that climate change is a problem. So how do we talk to the other side Kevin? Well I think that the biggest issue that most people have said they've they've already set their mind set that they can't agree with somebody who may disagree with them and when we talk about issues like climate change versus Economy Muniz has been going on for for decades all the way back to say in the in the United States since nineteen eighty seven. But even if you think of the the first Earth Summit Rio in the second one in South Africa both times there was kind of a economic uncertainty that was going on globally and politicians and business groups said. Hey we can take action on this because it's hurt the economy and the same mindset is starting to happen now I you know through my consulting work and what we laid out in. This book is laid out dozens of examples of businesses that have made more money by Leaned into the climate change efforts. Because they've saved on energy. They've saved on Water. Saved on transportation costs innovated new ways of delivering products and services in your even seen it in the in the financial markets. You seen Ones where we've had record growth of the stock market for the last ten years up until February of this year and even during that time Those companies that were on say the Dow Jones Sustainability Index or the S. and P. Five hundred environmental and social impacts outperformed attritional indices which were performing record highs. And so. There's this myth that you have to give up money or sacrificed. Do the right thing are mentally and from a climate perspective and what we wanted to do was really flipped at notion on its head and show the examples of where it's win win no matter your perspective or not and so that. That's one way that we've used as an example to bring people from opposite sides because we feel like money is kind of like nonpartisan issue like if if you can make more money and I can make more money than then ideology somehow falls away a little bit. But then you've the very big players particularly well in energy and I'm GonNa talk about oiling. Talk about there is not a lot you can do to change your business to be environmentally responsible. I it's just gotTa be you you Mined Coal in an environmentally friendly way. Least if you do burning. Coal is not environmentally friendly so the sorts of pressures that we've got to find common ground with or at least we've got to convince them that we need change. Yeah absolutely I mean Colt a really difficult one I. I like to look at the entire. Fossil fuel industry is as one area and then each of them a little separately. So if you think about it we used to call them oil companies. Now we call them energy companies. And that's because you know. Bp Shell even Exxon Mobil realize that there was going to be a finite resource and the cost of getting to some of these places was going to be really difficult. And so as you've seen oil prices come way down that the more extreme places like the tar sands or the deep ocean off of Brazil. Just make no longer make financial sense. And so that had to shift because wind and solar power had become cost competitive. And so you've seen these these what we're traditional oil companies switched it become energy companies because they realized they could still provide energy different way. We've also seen a number of energy companies that have switched from coal to natural gas A. because natural gas is cleaner. But mostly because it's cheaper right now with all the the fracking that's been going on
Oil slides on U.S.-China tensions
"Of tensions rising tensions with China tenure of seven thirty seconds the yield their point six seven percent gold up two tenths of one percent seventeen thirteen Beyonce and West Texas intermediate crude oil is down now by four point six percent thirty two seventy seven a barrel among some of the oil names they were seeing Exxon Mobil down one tenth of one percent B. P. is up by three percent shares of EOG resources are up by one point four percent and pioneer natural resources the ticker on that P. X. D. it is down now by just about four tenths of one percent chevron announcing those job cuts today chevron shares up by two tenths of
Historic Oil Bust Delivers A Gut Punch To 1 High-Flying Texas County
"People in the oil business are familiar with the cycle of boom and bust prices. Soar prices plunge but they've never seen anything like twenty twenty when the pandemic abruptly brought prices to record lows even below zero. Npr's John Burnett reports from the Permian basin the heart of oil country in West Texas on a normal day in Andrews County look in any direction and stretching to the horizon. You'll see bobbing horseheads of pump. Jacks sucking up oil from deep in the earth but these are anything but normal days right. Now it's scary honestly Linden pertain. A well technician standing in Mesquite. Scrubland that overlays. What experts call a Monster Oilfield? We drove out here. Usually you'd see you with all these good wells. That historically have done a lot of production. They would usually all pumping and kind of looks like caterpillars all running across the landscape. You know and that's not happening right now. All across the vast permian that straddles West Texas and southeast New Mexico. Wells have been shut in in the Argot of the oil patch. American oil companies are pumping a million fewer barrels a day than were just two months ago. According to the Energy Information Administration all the big players out here Exxon Mobil Chevron conaco Phillips have slashed for Andrews County. The effect has been cataclysmic. The county is considering layoffs and the city of Andrews will hold off repairing streets and building a new city hall when you have a community that receives about eighty five to ninety percent of their tax revenue for minerals. It's a serious threat. County Judge Charlie Falcon follows the news. And here's about other cities. Taking a hit from closed. Businesses and Hospitalizations Andrews has had only twenty one cases of covert nineteen and most people have recovered. Nonetheless was Texas is getting a double dip of trouble. Not only do. We have all drop. We have corona virus. And we don't know how long it's going to stay around. You know what people not working not been able to shop not being able to you now sell oil Creates SERIOUS PROBLEM FOR US? Bob Stewart's welding and machine shop. His lost half its business amid the paralysis in the oil patch. A few jobs keep trickling in stewardess Paul and lumbering and jovial. He's done this for nearly forty years. He survived downturns before. But he says he's never seen demand if that rate like this whole world. There's no airplanes fly. There's No car driving cruise ships cruising. There's no summer vacations. Golic's we're producing a lot of oil for a world. That's not using not consuming Bob Stewart is grateful that he has not had to lay off any of his hundred ten employees. He got more than a million and a half dollars through the federal government's paycheck protection program. But that's not going to last forever. It's kind of nine eleven you over. You know what I don't know what it looks like. What comes out. The other side is going to be different with more than twelve thousand active whales in Andrews County. Hydrocarbons have been good to this community. There's an air conditioned Rodeo. Arena a waterpark and new little league baseball diamonds. The schools have a planetarium and an Olympic sized swimming pool. All over town. Grieving motorcycles and ski boats are parked in driveways and behemoth pickup trucks. Roar Down Main Street though the one two punch of the pandemic and the oil bust have left the region staggering. It should not have come as a complete surprise. Every oil addicted town has been before I've been interviewed by the media three times and every time it's when Andrews is on the map for some dubious reason with the Economy Russell Shannon President of the National Bank of Andrews says established companies. That saved for a rainy day. Will weather this bust a lot better than others as I. Try to tell some the younger ones when they try to get in the business. There's a storm cloud out there just because you don't see it today doesn't mean there's not one on the horizon. I mean we've just historically we've seen it too many times. The oilfield workers with six figure salaries thought it would never end. Even though it always does Mighty O. Fernandez was laid off three weeks ago. As a workover rig supervisor now he's realizing just how good he had it. While I've noticed so much didn't realize how much I spent when I was at work breakfast lunch. Taking guys out to buy food. You know of course you want to you know. Give your guys. Hey good job in here here. Some steaks baked potatoes or something for doing you know working to butts. Fernandez sits on his front stoop and Andrews having a smoke and catching the night air after a scorching hundred and four degree day. Now he stays home helps his teenage son with his homework and he tries to keep a positive attitude. I used to worry a lot The Bible says not to worry about what tomorrow because we don't even know we're GonNa make it more so I just have faith and just believing that it's GonNa come back together. The question is when and how long folks can hold out John Burnett. Npr News Andrews Texas.
Nasdaq finishes higher as stocks stage late-day rally
"Stocks have kicked off the week on a positive note rallying late in the session to close higher Dow finishes up twenty six nasdaq up a hundred six SNP five hundred up twelve the late upside push came as crude oil futures gained for a fourth straight day rising more than seven percent back about twenty one dollars a barrel energy stocks were the biggest gainers the S. and P. five hundred led by Exxon Mobil and chevron thanks to that oil surge but U. S. airlines were hit hard after Warren Buffett said over the weekend the Berkshire Hathaway has sold off all its shares in the top four U. S. airlines American delta United and
Markets in Turmoil: Gilead & COVID-19 Testing
"Juliane gets emergency authorization for use from the White House this on a day when stocks took a big hit issues and the president will be dealing with those issues afternoon tariff warnings from the White House the Dow Falling Six hundred twenty points this CNBC special report markets in turmoil begins right now. Here's Tyler Mathisen and good evening. Once again everyone welcome stocks plunging to start the month of May following the best month for equities in the major indexes in decades. Today the Dow dropped more than six hundred points and the S&P five hundred down more than two and a half percent. The Nasdaq losing more than three percents. That out being dragged lower by seven percent sell offs in Dow Chemical and Exxon Mobil at the Nasdaq Big Tech Falling Amazon leading the way downward off about seven and a half percent after its earnings earlier this week stocks finishing lower now for the second consecutive week we start tonight with CNBC contributor. Dr Scott Gottlieb former head of the food and Drug Administration who says that the mitigation efforts to try and blunt. The disease in the United States have failed or at least not achieved the success that we would like to have if you take the New York area and the Pacific northwest out of the equation. The rate of hospitalization says Dr Gotlib are rising. Good evening got gottlieb. Welcome good to have you with us in a day where we had some good news on the treatment front with the emergency release of Rendez Aveer. These numbers are very very sobering. Even as states begin to open up. Explain the numbers please. Bullet just touching that good news. We're making a lot of progress with respect to technology that can help with work this this epidemic not just treatments but potentially vaccines as well. So that's good news and we're all so dramatically expanding testing but at the same time. We're seeing persistent epidemic. In this country we reached a plateau of about thirty thousand cases a day around two thousand deaths a day. And we're not really coming down so if you look at the modeling right now predicts that there's going to be another week or two of that plateau but there is some risk that as we start to reopen the country and we we see increased infections because of that because there will be an upswing and infections as we start to reopen aspects of the economy and reduce social distancing that we just get to a point where there's persistent infections in this country of twenty to thirty thousand cases a day that we're diagnosing. I remember we're probably only diagnosing one in ten infections. Maybe a little bit less than that. So we're saying there's twenty thousand cases a day. There's really two hundred thousand cases a day and so we need to understand what that looks like. If what we have what we ended up with over the summer is just really a slow simmer that we have this persistent infection and then we head into the fall and at that point upwards of fifteen percent of the population have had the infection but we face risk in the fall as we all come back to schools and college campuses and back at work and more earnest that all that slow simmering infection through the summer could lead to some spontaneous combustion.
Slumping oil demand sinks Exxon's profits
"Two of the biggest US oil companies plan to cut investments because of the impact the corona virus pandemic is having on the industry chevron and Exxon Mobil said they wanted to strengthen their financial positions and protective items to shareholders more from our economics correspondent hunter Walker decisions taken by these two U. S. Johns reflect the oil industry's exposure to the economic effects of the health crisis the loss reported by Exxon Mobil with the result of reducing by almost three billion dollars the value of it stocks of oil and products made from it that reflects the fact that the market price of crude oil has plunged along with demand for transport fuel well the chevron did report a profit it warned its financial performance was likely to be depressed as long as current market conditions
Stock-market futures pointing toward a 500-point Dow decline on Tuesday
"Morning stock index futures this morning they are lower Dow futures down five hundred thirty points well the markets obviously have been roiled by the unprecedented and historic collapse in the price of well to be Frank it's actually jaw dropping the price of New York crude sank yesterday to minus thirty seven a barrel it was a drop of more than three hundred percent and this shows that sellers were willing to pay buyers to take well off their hands storage tanks pipelines tankers are rapidly being overwhelmed by the vast oversupply and there is a fear that those who actually take delivery on oil in the near future may not find a place to actually storage well this morning the may futures contract which expires today basically delivery of oil at the end of the day it's a little bit better but still trading below zero and minus three dollars the June contract it's a little bit higher to fourteen dollars a barrel but the oil price slump among the factors weighing on stocks yesterday has in today as the market began the week in the loss column Exxon Mobil and chevron both fell more than four percent dragging the Dow down five hundred ninety two points and the oil and gas industry shed nearly fifty one thousand drilling and refining jobs in March there was a nine percent
ExxonMobil cuts 2020 capex budget by 30% as it works to combat low oil price, weaker demand
"Story Exxon Mobil making a massive spending cuts due to market fluctuations the oil and gas giant said it would reduce capital spending to twenty three billion dollars instead of the originally planned thirty three billion company still planning to meet its twenty billion dollar investment though on the U. S. Gulf coast as part of its growing the Gulf initiative and Exxon Mobil is also working on creating reusable face masks and shields to help protect people from corona virus snickering commits newsradio seven forty
Trump meets with oil company executives
"Zidan met today with oil industry executives whose companies have been hurt by low prices NPR's Jeff Brady reports trump said he thinks Saudi Arabia and Russia will soon to go she didn't end there ongoing price war the executives gathered at the White House included the heads of Exxon Mobil chevron and several other smaller companies most delivered praise for president trump's effort to encourage Saudi Arabia and Russia to cut production and boost crude prices some have called for tariffs on oil from the two countries trump says he's not planning to do that now I think president Putin and the crown prince wants something to happen badly certainly terrible for them what's happening to environmental groups criticized the meeting saying trump should instead focus on helping unemployed oil workers and making clean energy investments to address climate
"exxon mobil" Discussed on WTOP
"That down to the Exxon Mobil facility in Fairfax and governor Ralph Northam says site in Richmond and Hampton Roads in addition to smaller local hospital expansions but Virginia health secretary Jim Carrey says they'll have to find volunteers and other medical workers and possibly even more challenging get protective gear for them by the time Virginia hospitalizations peak in may is that supply does not increase we will indeed have that same constraint there's a the the the goal is to have no PPE constraint four weeks five weeks six weeks the time lines why the governor stay home order scheduled to run into June I want Virginians to be realistic in their expectations Max Smith WTOP news now the latest on corona virus cases in our area more than four thousand confirmed cases now nearly two thousand in Maryland about fifteen hundred in Virginia six hundred DC seventy six people have died thirty four Virginia thirty one in Maryland and eleven in DC Britain's prince Charles has released a video statement about his recent bout with a corona virus easily recovered from covered nineteen that prince Charles as normal life has not returned a lot of fun was over on the other side the news is still in the notice states to social assistance from a generalized lish the heir to the British throne speaking of the pain of being unable to touch even see loved ones expressing hopes for better times ahead but also acknowledging that better times will be slow to come for so many who have already lost so much Vicki Barker CBS news London well get the phone it could be DC mayor Muriel Bowser in a thirty second Wrobel call message to city residents are message is very clear stay home we represent the nation's capital region home to over six million people stay home he did make some terrible blunders that's why we are doing the same thing he sees the homeowner took effect just after midnight this morning following similar orders by the governors of Maryland and Virginia Americans are giving high marks to state and local leaders for how they're handling the corona virus pandemic but it's a different story for president trump in AP in a worse the center for public affairs research poll finds a majority of Americans approve of state and local efforts Florida is the latest state issuing stay at home borders forty four percent meantime back the president's oversight of the pandemic in line with his overall forty three percent approval rating among the highest of his presidency he rates higher than the federal government as a whole and the Congress Georgetown University professor mark Rahm says the numbers are likely to drop when this drags on for weeks six weeks eight weeks two and a half months three months we'll see how the public is feeling better Sager mag ani Washington with many others following stay at home orders we are not driving nearly as much but it's not having as much impact on the region's air quality as you might suspect that's because vehicle emissions are just one part of what leads to pollutants in our atmosphere on Skype Dr Susan Annenberg with George Washington University says while fewer personal cars around the roads lately that doesn't mean the streets are empty so we have heavy duty trucks and buses deliveries of packages we also have continued emissions from power plants and other sources the weather also plays a big part on the air quality index Dr Edwards says the longer stay at home orders are in place more likely researchers will be able to determine its impact on the air we breathe there is a positive effect of people changing behavior Brennaman WTOP news it's nine thirty eight prevent the spread of viruses with Michael and sons germicidal UV C. go to Michael and son dot com traffic and weather on the aids and when it breaks around the beltway in Maryland and Virginia traffic continues to run without delay things are pretty quiet on route fifty as you move out toward Annapolis of the bay bridge and the same was true on both ninety five and the Baltimore Washington parkway running pretty freely in both directions on each between the beltways and should find things running freely on it two seventy between the beltway and interstate seventy I know I know the only thing about when you're Central Avenue believe the works on a setting up along the right side of this but works on once again tonight so that you'll get by in two lanes to the left now in Virginia sixty six work crews are up westbound after twenty nine Centerville getting my single file to the left.
Exxon Mobil calls for tighter methane regulations
"Exxon Mobil corporation has called for tighter regulation of the greenhouse gas methane yesterday as it announced its own methane emissions fell by twenty percent at some of its operations Exxon offers up its own in house rules as a model the company plans to detail its climate goals at its annual investor meeting tomorrow Exxon was responsible for a major methane leak in twenty eighteen from a blow out of the gas well in
Is BP's Shift for Real?
"Story number one is all about be p the P is of course for petroleum now be once said it wanted to get beyond petroleum more than a decade ago that strategy failed and now BP has a new CEO Bernard Looney. He came in recently in announced almost immediately that the company is going to try to offset or eliminate all of its carbon emissions by twenty fifty. Looney also said that he wants a fifty percent reduction in carbon intensity and he says ep will just depend less on oil production for its revenue and continue to ramp up in clean energy. And finally it's going to support a carbon taxes or climate related policy and pull out any money from climate denying trade organizations. Now this is a big deal for a company that has a very spotty record but there are not many details yet and loonie says that they'll those details will come in September so jigger we know that you used to work for BP. We have seen this movie before when BP attempted to rebrand beyond petroleum in the early two thousands. Is this any different? Yeah I think it is different right. So what about it? I think what happened under John Brown. Was that there was a realization on. John. Brown's part that this was a megatrend the BP had to figure out that it didn't know what it was doing but it really had to figure it out and John. Was Lord Browne actually. I was very dedicated to doing it. You Know Tony Hayward Org remind us who lured Brown is so Lord. Browne was the longest the loudness CEO and VP history. I think he was. Ceo for twenty years he found the prudhoe. Bay Alaska Find Which is really what made. Bp As a corporation and became CEO in the late eighties and busy never missed a quarterly earnings report. Until sort of the end of his tenure was heralded as probably one of the most powerful oil. Ceo's in modern times and and you know when you think about the people came after him right Tony Hayward and others Bob Dudley was actually my boss before I left. Bp Solar And so it was one of those things where where people ridiculed John Brown after? He laughed thought that he was distracted by non oil pursuits and the beyond petroleum stuff. And I think what the data shown is at pretty much every single unconventional oil project that BP has embarked on In the last ten years has lost money pretty much every single one and they are now worried that what the krona virus and everything else going on that oil prices might actually stay it forty fifty dollars a barrel forever because we've hit peak demand. Which was you know another artifact that was crafted by BP Guy Right so one of my bosses at BP was tool Aria. Who's now at the Cambridge Energy Research Group and and they you know he's crafted this peak demand scenario which. I think a lot of oil people believe now that we're never going to get above. Let's call it one hundred and three million barrels a day of oil so these are macro fundamental trends that BP is now starting to come to grips with saying their oil and business is actually fundamentally Not Profitable for future oil finds that they're looking for now. Bob Dudley the former CEO who Looney took over the company from you mentioned in a recent episode. His interview with Jason Board off of the Columbia Energy Exchange podcast. And you criticize him for that interview saying that he really wasn't in touch with the reality of the changing energy markets today. So Bob Dudley. What did he do at BP? And how might looney change that? So Bob Dudley came through the Amoco side of the business and then when BP Amoco merged in the ninety eight. I think it was twenty. Eight is when he joined. Bp At the time B. P. was all about gas. I mean it was a long time ago now but but Natural gas was a waste fuel. It was not counted in reserves. Right so when you went to a stock analyst and they care deeply in the oil industry about reserve replacement ratio. Natural gas wasn't allowed to be counted in that today. Exxon Mobil seventy percent of their reserve place ratio is natural gas. So that was Bob Dudley's education right. It was really the power of gas. And that's what you know Lord Browne of inculcated in him and you know and then he went to Russia he you know our assets and BP were taken over by the government and then he fled in the middle of the night and like had to be kept in a secret location because people feared for his life. I mean those are the kinds of experiences that shaped Bob Dudley. And but to this day he's really just a natural gas fan. He just believes very strongly that the way. Bp gets there in this changing world is by converting everything to gas. Catherine you sat down and you watched Bernard loonies speech. What did he say? And what feels different to you? Yes so interestingly he just got this job. A couple of weeks ago He started at BP as an entry level engineer in early in his career nineteen ninety-one or something so he's grown up in that company so he knows a lot about the company so two weeks into being the CEO isn't starting a job without knowing anything about it. And I spoke to Mary Street. A friend of mine who works at BP. She's a senior vice president of communications and External Affairs. And she said he is setting a new direction Of course the double is in the details of how that's going to be executed but the speech was pretty impressive to his employees and investors and stakeholder community. Which is they're going to be reimagining. Energy reinventing EP and performing wild transforming. That's how he put it. And they have ten main goals or aims as he says five of them are internal so they wanna get to net zero across their operations on an absolute basis by twenty fifty or earlier they WanNa get to net zero on carbon in their oil and gas production by twenty fifty or sooner they wanna cut their carbon intensity of their products that they sell by fifty percent by twenty fifty or sooner they need to install methane measurement on all of their processing sites and reduced intensity by fifty percent and they want to increase the proportion of investment into non oil and gas businesses over time. And they're even saying that is going to increase while their oil and gas investment is going to decrease and then there are other five goals. Those are sort of the five internal goals the five external goals are that they want to more actively advocate for Pie policies that support at zero including carbon pricing. And what they would do is shift dollars from reputational advertising so all those ads you see on tv about how awesome oil and gas are. Those funds would be shifted into policy advocacy. They would incentivize their employees to you know to deliver on some of these goals. They would set expectations for relationships with trade associations. And that's gonNA come out later. This month and analysis of what trade associations they want to still affiliate with and which ones they can no longer affiliated with based on this new direction They want to be recognized as being very transparent and align with all these disclosure groups to make sure that people know what they do remember. They have had people protesting outside of their headquarters every day for a very long time And then they want to launch a new team to help others decarbonised and to look for New Investments. So with these ten aims. He's really serious about this and I think it is setting. A new trajectory for the company will be really interesting to see in September. What the details of that are and how they do plan to go to net zero on the carbon intensity and all that
Yal Eisenstat on Facebook and Political Ads
"Last October facebook announced that it would not fact check political ads and their decision quickly. Isolated the social media giant on the Texan twitter on the contrary decided to all political ads and Google restricted them and while that decision angered a lot of people to outside but also inside the company. The critics worry that the twenty twenty presidential elections in the US would be flooded and misinformation and that facebook's decision would make it worse woke up to good code a weekly podcast on ethics in our digital lives may name is gene lobby. And I'm your host to talk about this thorny issue we sit down with your license stats now a visiting fellow at Cornell texts digital life initiative she also teaches a class on tech media and democracy and she has had a fascinating career a public servant for most of her professional life. She served as a sea officer working on eastern Africa in the US then. She was a diplomat overseas before working as a national security adviser to Vice President. Joe Biden in the White House but one day she decided to take her services outside of government and eventually joined facebook where she was hired as their head of global elections integrity operations and the focus of her work was specifically political ads but things did not go as planned and six months she left. I sat down with yellow eyes instead of two weeks ago the day after the Iowa Caucus. I began by asking her. What brought her to facebook. How did she decide that going to? These giant was the next logical step for her civil servants by training who had spent all of her career working on protecting democracy. I left government in two thousand thirteen and my goal at the time was to see what the private sector brings to bear on a lot of the same challenges. I had been working on in government particularly overseas. I was really focused. Middle East and Africa at the time so actually my first role when I left government. It's kind of funny actually. I was looking for one of the biggest I called it. The biggest baddest companies in the world that was having a profound impact on people's lives and wanted to help them figure out how to work better with local communities and in two thousand thirteen. That wasn't actually facebook yet. It was Exxon Mobil so I actually went to head the corporate social responsibility strategy for two years at Exxon and then moved back to New York and started really freaking out to be honest about this breakdown in civil discourse that was happening in the US about. I mean. We've always been polarized. None of that is new but it felt like something really different was happening which is full level of poisonous. Polarization started to dig into. What's what's making that happen. And by the end of two thousand fifteen early two thousand sixteen. I actually really started to think that this breakdown of civil discourse was becoming our biggest threat to our democracy which I know sounds like a big statement for someone who used to head counter extremism work overseas and was like a senior national security person but it really felt really dangerous so I started writing and speaking about it and when facebook called. It's interesting. We're actually recruiting me for slightly different role but still one that was very relevant and we all. We both decided it wasn't the right role for me. And then one minute after Zuckerberg Senate hearing ended. They called me back. They gave me this big shiny title. You said it's a mouthful global head of elections integrity operations For business integrity and for someone like me who fundamentally started to believe that this platform was severely damaging democracy being offered the opportunity to come help them. Really think through this and see if there is a way to steer the ship in a different direction was something I absolutely could not say no to. You realize polarization is a great threat. social media partly responsible of it facebook being the biggest one. You go to facebook your offer that very shiny really kind of cool sounding job you accept it. So can you please bring us back to that scene today? We all have in mind face fixed position on political ads in two thousand and twenty but that was back in two thousand eighteen. That was already in the conversation that the position I guess was very different. What was the political discourse at facebook at the time? And what did you think you were brought to do? And what did you think you could achieve? It really. Wasn't that long if you think about it. After the whole Cambridge analytica scandal became public. So in facebook's defense which is not the way I start many statements but in facebook's defense they were really trying to beef up their teams to really make sure. This didn't happen again to be very frank. It didn't fully understand from recruiters the divisions and the silos within the company yet. So when I came in I realized that what I was really going to be doing I was supposed to be building. A brand new team. Hiring is meant they said as many people as I need on this sort of operational side of how they're going to handle political advertising. How they're going to verify who the advertiser is. What are the lines? They're going to draw between who can advertise. Who needs to be verified ensuring that foreign interference is not happening in the elections. All of those issues but not just for the United States around the world heard of what I really struggled with there is. You're bringing someone like me in whose entire world is about understanding the nuances and the differences between different cultures. Different policies different political realities. And you're asking me to work at a company that Kinda just wants this one scalable solution for the whole planet and people. There knew that was challenging. I'm not criticizing that per se but anyway so the fact checking conversation. We're having right now about political. Ads wasn't actually part of the process. Yet when I first came in what we were talking about when I first came in was it gets in the nitty gritty. What do you even classify a political ad? If somebody WHO's not a political candidate wants to run an ad about climate change is out of political ad and for people who don't understand why it is. It's because in part one of the Russians strategies when they were buying ads on facebook and not just ads. Also the organic contents. Actually a bigger issue was to purposely. Choose the most divisive issues in our political discourse and to fan those flames. This is white. The question is okay. So is that now a political issue? And do we need to verify who the advertiser is if they're advertising something about race relations so it's very sticky very complicated. But that's sort of where we were at. When I first came in those were the issues. We are really exploring. Sounds like you had a lot of Of Room to discuss debate bringing people to maybe steer the boat unfortunately didn't work out that way for me. That was absolutely why I believed. I was going into this role to be frank on my very second day. They're the person that I reported to said. I'm changing your title. She completely disempowers me. They tell me I am not going to be hiring a team. Tell it doesn't let me come to a lot of these meetings. It was very I still to this day. Don't understand why they hired me but I certainly understand. I was never empowered to do the role that I was brought. In
Fire erupts at ExxonMobil refinery in Louisiana; no injuries reported
"Yeah the story on a baton Rouge it was a a fire at an Exxon Mobil refinery they turn the night's guy shade of orange a fire erupted about eleven thirty Tuesday night no injuries reported the fire was contained they say to the location where it started but the glow could be seen from miles away Exxon Mobil the largest manufacturing employer in Louisiana and that baton Rouge refinery the the fifth largest in the country producing gasoline jet fuel and more paint adhesives at the chemical plant let's see the company said in a tweet they were responding to the situation including monitoring the air quality of the air outside the plant no particular older they said there are no offsite impact according to a spokesperson from the fire department so it was again contained to the area where it occurred so is it could have been a whole lot worse
"exxon mobil" Discussed on WEEI
"Like plants that's the unexpected energy of Exxon Mobil Somers here and there's no better time to hit the road and I does own we have the duralast batteries you can rely on to drive with confidence they're proven tough even in the most extreme conditions that's because they're designed to improve performance and provide your ride with powerful start when they're available only at autos America's number one battery destination visit us at AutoZone dot com to get everything you need and start the job fast based on data from the NPD group of corporate Parker track for months and in December two thousand eighteen if you or someone you know struggling with addiction please call this toll free number right now eight hundred three nine no nine five two eight that's eight hundred three nine oh nine five two eight by calling your reduction team you're taking the first steps to recovery their advisors are ready to take your call right now your future is still a bright place the help you need could be one phone call away eight hundred three nine oh nine five two eight that eight hundred three nine oh nine five two eight this call is completely confidential and if you have private insurance there could be little to no cost to you even if you've already been to treatment give them a call there is no need to let the diction ruin yours or loved one's life take the first steps now at eight hundred three nine no nine five two eight eight hundred three nine OO nine five two eight that's eight hundred three nine no nine five two eight eating working living pain free these are a few of the things many of us take for granted yet for many United States military veterans finding affording oral health care is a challenge dental lifeline network is looking for dentists who can change this we you volunteer to help people like Richard a U. S. naval veteran who suffered severe PTSD after his service he was left homeless for a period of time in his oral.
"exxon mobil" Discussed on 850 WFTL
"Of Exxon Mobil for the Riley update with these at noon news talking fifty double the F. T. L. west Palm Beach Hollywood royal Palm Beach stay connected ABC news I'm Terry Alden or local and federal authorities are looking at online posts as they search for a reason why a gunman opened fire at a California festival killing three multiple law enforcement officials who have been briefed on the case or telling ABC news investigators are aware of recent Instagram posts from the alleged shooter that include white supremacist and white power messaging one entry appears to have been posted on Sunday from the garlic festival and he criticizes the event another message posted on Sunday makes reference to a book popular among white supremacists but we're told it doesn't mean this was a case of domestic terrorism he may have just been an angry young man this is Alex stone in Gilroy among those killed a thirteen year old girl in a six year old boy the Senate is failed to override a series of vetoes issued by president trump allowing the administration to move forward with plans to sell weapons to Saudi Arabia earlier this year the president announced a deal to sell more than eight billion dollars worth of arms to Saudi Arabia Jordan and the United Arab Emirates the Senate's passed more than one resolution of disapproval effectively canceling out the deal but the president vetoed ABC's Serena Marshall in Washington the democratic controlled house oversight committee is issued a report alleging president trump insider Thomas Barrett pushed a proposal to build dozens of nuclear power plants in Saudi Arabia saying he stood to profit from the effort the statement a spokesman says back has been cooperating with the committee protests have once again erupted importer echo.
"exxon mobil" Discussed on WBBM Newsradio
"The Dow is up one hundred one points, NASDAQ up thirty one and the s&p is up for oil is down right about one and a half percent. WBZ news time twelve fifty. Making sense of your dollars, the W BBN noon business hour continues. Exxon Mobil and the country of cutter are teaming up for a ten billion dollar project to export natural gas from Texas. Let's discuss that. And America's move toward energy dependence with Phil Flynn, senior market analyst price group and FOX business news contributor here in Chicago. Phil what does this mean? And basically means that the US in a few one decade, basically went from shortage of natural gas a fear where the United States wouldn't have a natural enough to answer gas to meet their own needs to now becoming supplier to the world Qatar in the US teaming up with Exxon Mobil. It's going to really go along way in having a big say in the global natural gas market. So this is a huge achievement for the US energy industry. So huge achievement for Exxon Mobil. In its shows. It ExxonMobil's future strategy is to bet big on the US that on the US in develop our resources here and for the benefit of us here at home. But for the rest of the world is is politics. A possible issue here to be guarded against politics and oil, how could he say such a thing? Right. I mean, I think when you when you you know, you po-politics sometimes it bleeds oil and natural gas in those definitely a political view to this. Obviously there's been some concerns about a cutter along with Saudi Arabia. They've had bad relations over the year by Exxon Mobil, working with gutter that could be a sign that they're moving away from Saudi Arabia, imprint Salman, of course, who has been, you know, alleged to kill the journalist. So it definitely has a smacking of politics. But at the end of the day, I think it's really about money. I think Exxon Mobil sees a great opportunity to work with these two big producers and really take a stake to be a major player in the global market in control a big percentage of the world's natural gas resources. You mentioned money. Let's talk about the consumer very briefly here. Phil energy independence on the part of the United States. Is that ended up changing the playing field? So things will end up being cheaper for the consumer. They will be. And I think we've already seen that you know. I mean, I've looked at the prices repaying for natural gas is some of the lowest that we've seen in a generation, and they comes at a time where the demand for natural gas has been at a record high by opening up the Permian basin not only to the United States. But to the world e creates a economic boom area for the United States that has benefits for all the countries. You know, we always used to kid around. And you know, we look at these countries in the Middle East that are producing oil. So everybody in the country was driving a Rolls, Royce. You know, I think Alaska when they're pretty soon oil they used to pay your money to move there. Right. And that economic boom that we're seeing here is very very exciting. Phil flynn. Not only Bill now always good to have you feel sorry. Feel Flynn senior market analyst at the price group. Phil we'll have back again soon. Bloomberg's get a check. The markets next as they continue to rise. WBZ news time twelve fifty three when searching for checking with free ATM search for a wintrust Bank space, some regions.
"exxon mobil" Discussed on MyTalk 107.1
"Exxon Mobil, branded locations, the radio home of confidently, knowing if something is still a thing. Mytalk one zero seven one. Narrator. Not impressed on the share show when you saw it in Chicago..
"exxon mobil" Discussed on News Radio 1190 KEX
"A company publicly listed Has crossed the one trillion dollar Market capitalisation barrier It's never. Been done before no one's ever even actually really been close But apple Inc did it today I assume that's. Probably visit a produce? Company Ramon. What do they? Do. Produce farming what. Old technology okay The tech company's stock jumped two point nine percent to end the day at two hundred seven thirty nine hundred seven and, thirty nine dollars giving giving. It a market capitalisation over one trillion. Dollars started in the garage of co founder Steve. Jobs in nineteen Seventy-six. Apple pushed this revenue beyond. Boundaries never this before believed greater? Than the market capitalization hold on a second I, gotta get this remote can you. Do me a favor can you talk to my financial adviser rate sinker which. He sends me very kindly he sends me a review every. Day a what happened in the market today but, the problem is he, can't figure out his computer system so when I print out what he? Sends me? It does not? Include Clued what's over on the, right of the screen So I lose all the good stuff and the, problem is it is often really good stuff All, right apple stock market value is greater than the combined capitalisation. Of Exxon Mobil Proctor and gamble and AT and t. Apple now accounts for four percent of, the SNP five hundred You know when I was a baby lawyer Gilchrist affirm that does not exist anymore because they got. Into master limited partnerships and lost their way but it was. At one, point a very prominent law firm in fact. Jenkins and Gilchrist started as the, personal lawyers those two individuals Jenkins and, Gilchrist Henry, Gilchrist who I got to know At the, very end of his life Personal lawyers to Clint Murchison Murchison Texas Clint Murchison. Was the original owner of the Cowboys he made a, lot of money in oil and gas and he bought himself a football team And his law firm through, all of that was Jenkins and Gilchrist And so Early in, my career I learned law firm economics And law firm economics said that you did not want any one, client to be too big a percentage of the law firms. Client base that'd be diversified so the first first year, I was there for months we went to a conference about, the health of the economy the health. Of the the law firm Economics And we learned that the largest client only accounted for two percent And it was an Italian banking client called pari bar and In the Houston office which handle most of the bonfire Bob business BP The general rule was if Bach party, bar called you in it's eleven thirty and you have a lunch meeting you immediately cancel it, and you get on the phone. With those guys because they accounted for I believe it was two point one percent of our firm's business now To think that the largest, client we had as a law firm Was two percent of our total business which was considered a sign of great health Because if if you've got one client small. Firms might have. One client that accounts for fifty sixty seventy, percent of the business that's very unhealthy if that client. Get sold that client fires you and there's all sorts of. Problems, you're going under but our biggest, client was only two percent of our business nevertheless at two percent of our business the understanding, was if they call at nine o'clock at night and you're. Walking out the door you stay all night to get done what they need done now that's a small offer The stock exchange the. S. and p. five hundred The standard and poor the basket of the five hundred biggest stocks is now comprised Four percent by one stock I just stop and think. About that for a moment that means that apple comprises a bigger percentage of the standard and Poor's five hundred Then one. Company comprised for the law firm that I worked for. And that was just one I mean he was a multi multi state law firm Four percent of the, entire SNP five hundred Is a company that makes computers and phones and pads and iphone rechargers because I think that, might be where they're making all their money Steve Jobs said People want to carry the. Music with them What, was the Sony product removed I had one we all. Had won the Sony had the cassette player the. Walkman Sony walkman was revolutionary in its day and. Apple took that to a whole different level And then he opened retail shops Which there was no way he was. Going to be able to do. And then he started an app he started the ipod, and the phone and a camera All in one called the iphone And made Samsung Motorola Ericsson all of them left in the dust and how many others left in the. Dust blackberry left in the dust then they started this sort of hand held amalgam of the. Phone and the and the computer this. Is I pad and it was I tunes Wow You, know we're not all created equal certain people that are just more creative than the rest of us what a, beautiful, amazing powerful thing that the marketplace has. Responded apple. Inc Crossing the one trillion dollar measure. For all, of our dependence on all in gas Exxon Mobil Procter and gamble which is all of your household products and, AT, and t. which is the very cell, phone provider Probably more people use an iphone on than anything else those three combined Equal up To apple Wow Just Wow A moment of. Silence For creativity Innovation And the marketplace Because you know what's beautiful The government didn't have to require you to buy an iphone or an.
"exxon mobil" Discussed on WAFS Biz 1190
"If you want to keep your call rapid fire friday going to keep moving who calls right now you know i don't even know a market just open need him a look at them they're not off dramatically by any stretch of the imagination but they are up in positive territory i i'm anxious to see what amazon's gonna do technology stocks obviously driving away and that's probably going to be due to amazon microsoft cup others today we're going to get the at the close you're gonna get some big oil a nancy exxon mobil maxi what that's gonna look like exxon mobil is not on my list any longer and i'm just saying since they've come off my list they haven't done so well so if we're not missing anything so if you are one that had exxon and sold when they came off my list boy you didn't miss anything so that is good news i don't think there's any hope i've given up hope but i gave up hope onto other companies that are back on my list this year last year and totally gave up hope on both those companies very large fortune fifty companies that i have had several conversations with one actually called me when they came off my list some time ago and another one that i begged not to let me take him off my list but we had to anyway and i kind of gave up on them too and they they came back and emailed me and said hey we were just want you to know we're back it was a great great win for financial issues while no one very very large company and one mid size company that i'm working with as well right now and you know i never revealed companies if i do they're going to stop talking to me and i don't want that to happen i don't want them to ever think i'm doing it for some sort of benefit to the ministry don't do that and i i don't they know i promise them i'm not going to be talking about this and what they say or what they do i'm just going to quietly but with some celebration add them back on the list so we're talking to others i don't feel confident about exxon i just don't think that's going to happen but you never know let me go to.
"exxon mobil" Discussed on ESPN Chicago 1000 - WMVP
"Exxon mobil youth basketball has never been on a bigger stage yes.
"exxon mobil" Discussed on The Interchange
"What's happening in coal country and loss of jobs that it's a very visceral response that you received from people in in rightly so but really at the bottom of all this i think is significant funding and money from the fossil fuel industry not specifically the coal industry and i because i think very few people would be less concerned about exxon mobil chevron you know then then the the the folks at a losing jobs are getting sick in the coal mines communities that are disadvantaged so it makes sense to to put folks in the coal industry out in front but this really is all about a shift in society and we tend to be able to live with that when it has to do with cellphone improvements over time and technology but this particular issue seems to be i think worked tied by many to be the front face of climate change the the few that'll left behind and i'm not suggesting that they're not worthy the it just because they're a small number competetive for example of folks work can in clean energy dwarf the number of people working in coal country but there is there is a challenge here and elsewhere if i can get a little bit higher up stephen this a real challenge to define a rural economy and that's not that's not just in the united states it's elsewhere you know just think about it we are urbanizing like crazy as a world in as a country in there are many areas in which people used to thrive in rural areas that in in the no longer thriving and this doesn't just have to do with the shift away from fossil fuel to renewable energy this real challenge to figure out how to allow.
"exxon mobil" Discussed on CNBC's Fast Money
"I agree i mean federal express a quarter if you look at the court i thought it was pretty outstanding margins were not great but i think if you look at the numbers overall it's still a pretty cheap stock in comparison like ups stocks down forty dollars or so from its all time high so they've fedex is their home depot's well but i also think the steel stocks listen to tailwinds for the steel sector did not go away overnight in my opinion on anything that came into the conversation was this tariff conversation which i do think we'll go away certain point side tom depot pete what are you looking at already on it but i recently as exxon mobil and you know it's been a correction they've not caught up where you're talking about that last night we were talking about how energy in this disconnect as oil's going higher the names really haven't been pulled up with them i think sooner or later that's gonna correct and when we see that i think exxon chevron take your pick i think they go higher here you've got some levels at you're watching what you over over to the to the plasma plasma shorter asthma so today would you look at the market you have to everyone walked in today and they thought it was going to be a down day the market was getting tapped a little bit and then the market started a rally and it was a head fake rally so let's just look at some of the key levels let's start off through this prism this is the all time high twenty eight seventy two this is the recent low twenty five thirty two so in here you've got a lot of stuff to worry about so let's why don't we just key in on where we broke today that was the twenty six basically it was sixty two so that's a retracement between these two key levels once that faded it opened the door back to this level that's why the bottom dropped out so between here and there there's one other stop it's twenty six twelve.
"exxon mobil" Discussed on KARN 102.9
"Nothing nothing to see here trump doesn't know what he's doing his supporters are gonna love it his haters are not going to love it the pundits are going to pundit and there's no reason you should pay attention now the reason that on what you're paying attention is precisely because the state of the union right now is kick ass and they are just envious as they can be that it is a republican president who will have the opportunity to command a national prime time audience to detail it they will never be able there is not a democrat president alive today a democrat potential democrat president alive today who could give a speech with the content and substance at trump's tonight will be because conditions in america would never ever be as they are now in trump's presidency and dutifully here comes writers saying you know what reuters is not a national survey you know what they found they can't find anybody who's gotten race writers can't find very many people who have gotten bonuses reuters can't find anybody that's had really a significant positive booster impact from trump's tax cut an amazing two hundred companies have announced raises bonuses benefits the the latest as exxon mobil with a gigantic package of compensation increases for their employees and warriors can't find anybody reuters can't find anybody meaningful numbers of people who have benefited yet from trump tax cuts let's not forget by the way they haven't gone into effect yet they don't kick in until next month withholding tables the i r s is still reconfiguring the withholding tables based on how many deductions you put down on your w w w four it is w form right if the w four that's what you fill out when you get hired how many the an and they don't start withholding money will next month so here's writers wolves are weren't joe was one of the big bigger judge coachman through learn seen anything yet warriors maybe drums wind a reuters dozen till eleven are asking while they hasn't kicked in yet does the startled next month writers ask of this sometime around march go back and do a followup story in march and see what you get so the media what are they really worried about the.
"exxon mobil" Discussed on The Nice Guys on Business Podcast
"The ones who have the best stories they have the most most drama they're the most open to talking um their actions are consequential rather than you know incremental movements in response to wall street and they tend to be a lot more open than what they have to say uh uh the ceo of exxon mobil or general electric or general motors is going to be totally totally on message the whole time um surrounded by a phalanx of pr people and so you're never really going to get that much human interaction with the person or really get a good story out of them for that uh in business you need to go to the entrepreneurs you know i thought about this a lot because i kept seen so much focus on entrepeneurship and i really looked at myself and my life and i've been in the big companies and i've had my own small company and i've been the entrepreneur but i don't know if you agree with me but don't you think every one is a targets for any serve median entrepreneurs because having an entrepreneurial spirit as an individual is never going to be wrong that's never going to steer you wrong do you agree with that i do yeah i do i think fit to well i think that the a freeenterprise economy can exist without entrepreneurs and that someone who is a self starter and selfreliance and resourceful as entrepreneurs must be is gonna be have an advantage over people who aren't wherever they happen find themselves but uh i would say a couple things about it is it not everybody is cut out to be an entrepreneur and that's true if there is any downside to the explosion of coverage of entrepreneurs it may be the the press has begun to lionised entrepreneurs too much to glorify the that pass a little too much and make it seemed to easy and drop people in who really to make the sacrifices that are required to be made uh there's a um there's a chapter in the the very popular psychology book from a couple of years ago a you remember recalled thinking fast and slow by nobel prize winner daniel.
"exxon mobil" Discussed on KDWN 720AM
"Exxon mobil his entire career started when he was like twenty one twenty two right out of college he's been an engineer with them and now he's sixty four sixty five and the he has had exxon mobil company stock in his retirement plan it came from two different sources he was buying it at one point and the company was matching contributions at one point so the company was putting stock into his plan on his behalf and he's fully vasset when the stock went in in nineteen 75 stock when in the 1985 when he was buying that stock back in those days the price per share was like a buck and a half in today's world compared to the day it's now i don't know worth one hundred dollars share something so his basis the the plans basis was like twenty thousand dollars on one hundred thousand dollars worth of stock now reality it was like two hundred thousand dollars on a million five but we'll just but yeah the two air let's see other twenty thousand dollar basis on one hundred thousand dollars of stock in his 401 k when he left employment he rolled over the entire he it's the last thing needed he's going to take all the by the end of the 401 k he was allowed to take whatever cash was in there as well said it to an ira and he had them send the stock two hundred thousand dollars worth of stock to his personal brokerage account that's the entire amount of stock because he chose to do this now exxon mobil though these are because they can specifically identify we can taylor i but not everybody gets to be this been so he was able.
"exxon mobil" Discussed on WSJ Opinion: Potomac Watch
"This podcast is brought to you by exxon mobil in our growing world it's important to provide energy while reducing co two emissions exxon mobil is researching a range of solutions including new carbon capture technology for natural gas power plants the goal is to capture co 2 and at the same time generate more electricity to meet the world's energy demands learn more from exxon mobil at energy factor dot com from the opinion pages of the wall street journal this is the tome watch hello this is bill mcgurn filling in for paul to go today i am joined by my two colleagues kim stress all hey come hey and gillian melchior how's it going and we're gonna start off this potomac want for the wall street journal talking about the big elections last night especially in virginia kim it was a big victory for the democrats not just glaspie but the state house and so forth did anyone see that coming well look at glaspie has been in a really uh this was always going to be a bit of the left all along at north them the democratic victor in the end had been leading him in the polls there was some some hope on the cholesterol side i think both because he had narrowed uh the distance between them in recent weeks and also because he'd become so close to winning the senate race that he was in a couple of years ago so people were i think hoping that maybe he was being underrepresented in the polls and that he had a shot.
"exxon mobil" Discussed on WSJ MoneyBeat
"This podcast is brought to you by exxon mobil in our growing world it's important to provide energy while reducing co two emissions exxon mobil is researching a range of solutions including new carbon capture technology for natural gas power plants the goal is to capture co 2 and at the same time generate more electricity to meet the world energy demands learn more from exxon mobil at energy factor dot com this is money the from the wall street journal now from our studios in new york here are paul vinya and steven grocer hello everybody welcome to money beat look at though week ahead and what are we can all be i'm paul vinya i'm steven grocer and boy am i going to miss that steven grocer yes our so we're gonna do this now let's get it out of the way let's get out of the whiz will be my last podcast for wsj for the wall street journal leaving us grocer steven groceries leaving the company after how many years have you been here about twelve and a half almost thirteen twelve and a half years quite a career you have chosen to take your talents south the to bri brand x in the brand ex uh i'm not going to promote where you're going you can just tell people in a he doing your your twitter handle do it somewhere but the fact is we're losing steven gross nuri said about that uh that's gonna force some changes on the money be blog it's going to foursome some changes on this podcast we are still figuring that all out stay tuned don't leave us will will be back in some form we don't exactly know what yet but we've got a week to talk about and to help us we are joined by wall street journal economics reporter in washington d c sara cheney sarah how are you doing great how're you doing i'm i'm a little teary eyed appear out of yes teary eyed.
"exxon mobil" Discussed on WSJ Opinion: Foreign Edition
"This podcast is brought to you by exxon mobil in our growing world it's important to provide energy while reducing co two emissions exxon mobil is researching a range of solutions including new carbon capture technology for natural gas power plants the goal is to capture co 2 and at the same time generate more electrcity to meet the world's energy demands learn more from exxon mobil at energy factor dot com oh from the opinion ages at the wall street journal this is four in addition now mary kissel welcome to foreign in addition i am mary kissel with the wall street journal editorial board bringing you commentary on our global dis order and unfortunately that disorder hit our city this week when we were struck by a terrorist attack sisal oh saipa an immigrant from his back to stan mowed down eight innocent people with a rented home depot truck in the shadow of the freedom tower in tribeca that's the southwestern part of manhattan dozens of people were injured i'm very pleased to welcome hussein sakani the director for south and central asia at the hudson institute he was pakistan's ambassador to the us from two thousand eight to twenty eleven good morning ambassador good morning so this is a podcast about us foreign policy but it is clear that the the war on terror has hit the homeland uh it's not obviously the first time to attacks many years apart on the world trade center and several attacks on our homeland since uh this particular fellow.
"exxon mobil" Discussed on WSJ The Future of Everything
"This podcast is brought to you by exxon mobil in our growing world it's important to provide energy while reducing co two emissions exxon mobil is researching a range of solutions including new carbon capture technology for natural gas power plants the goal is to capture co 2 and at the same time generate more electricity to meet the world's energy demands learn more from exxon mobil at energy factor dot com this giant field has chipmunks geese perhaps a few skunk sand snakes sits honestly hard to tell and the bramble that's taking over i call it a ghost town but there's no town left just a clue here and there of what used to be a basketball hoop peaks out from a patch of vines the paddock concrete once the driveway street numbers spray painted on crumbling pavement without buildings these roads seemed elite in circles but the thing that stops me in my tracks is the new york city noparking sign boon who five years ago the aftermath of hurricane sandy tore through the city that never sleeps while most other scars are starting to heal this staten island neighborhood called oakwood beach quite literally rolled up the sidewalks with bulldozers but why leave the new york neighborhood for dead the latest technologies are helping a study hurricanes like we've never studied them before yet however far we advance with prediction no amount of technology will prevent the storms themselves sin we have many more questions than answers about how best to apply our efforts do we sacrifice neighborhoods like opec would beach to protect other parts of coastal communities dui poor resources into fortifying and raising houses.