endeavor has a portland in the midland basin permian basin.ian, which extends texas to new mexico. drop them off at thomas capital called some of the best real estate and best neighborhood. they have very attractive assets, which is why they are an attractive opportunity. endeavor is private, which is notable, becomes at a time where they have been able to increase output while the public companies have not, because their shelled holders -- shareholders want them to be in check for the private players are about 35% of total u.s. oil output according to braid it is a sizable number and they are a sizable player. >> have the other purchases been of private players? >> they were public. >> some of the others were private? >> was oxley buying crown castle, which was notable. they bought petroleum. there we go. >> we ask and you shall. >> all of the deals are there. exxon did not have the best acreage, but pioneer did. that is why it was an attractive target. >> and, the biggest >> exactly. not exactly in the permian, but focus on how you can diver

when you are a total permian player and you don't have that.omberg's alix steel, thank you very much. how the multi-strategy fronts are keeping it, big question for investors. we will talk about that next. this is bloomberg. ♪ thanks to avalara, we can calculate sales tax automatically. avalarahhhhhh what if tax rates change? ahhhhhh filing sales tax returns? ahhhhhh business license guidance? ahhhhhh -cross-border sales? -ahhhhhh -item classification? -ahhhhhh does it connect with acc...? ahhhhhh ahhhhhh ahhhhhh sonali: this is "bloomberg markets." it is time for the wall street be. hedge funds are managing to keep most of the profits they generate as clients are taking the brunt of the cost. clients take $.41 out of every dollar passed on their cost last year. that is according to bnp paribas . we will discuss this dynamic with bloomberg hedge fund manager. >> if you see them charging fees , if you are only keeping on average $.41 of every dollar, why? >> fees are the things they complain about the most when it comes to multi-strategy funds.

permian certainly showing very strong growth and momentum. as we move towards one billion barrels per day in 2025. haidi: what is your confidence level in maintaining and improving productivity and efficiency gains? mike: capital discipline always matters in our business. for years, we have been very committed to it -- a tight capital budget and focusing on execution. what we have done in the permian is grown to a point where our capex is guided at about $5 billion this year and will see continued growth this year and next year. as we get to next year and one million barrels per day we will talk about holding a plateau that allows us to invest even less capital to do that. so we are very committed to capital discipline through the cycle. it matters in this industry. it is an industry that at times has not exhibited that and i think it is important that our companies and other companies remember the lessons of commodity markets. romaine: what does that mean going forward here? once the acquisition of this closes it later this year what changes

this is a permian basin play. lauren: yeah. up 10%.al to acquire endeavor energy, $26 billion cash and stock. what diamondback does here is increases its scale. it will be the third largest player in the permian when all is said and done, and that's a gold mine of oil that is in texas and oklahoma. stuart: the permian basin, by the way, is an underground lake -- i should say ocean, of oil. lauren: it's ingenuity the of american fracking that really got us to take the oil and gas out of the earth as cleanly as we possibly can. stuart: next case, expedia. lauren: up about a, what is it, 3 -- 4. 3% now. air bn airbnb's up, trip advisor up 3.5%. expedia had their price target raised at us we hanna to -- susquehanna to 145. if rates go down, customers have more money to spend. stuart: lauren, thank you. coming up, researchers say they have found a miracle material for solar panels. they claim it could revolutionize the industry. we're going to dig into that. barstool sports just signed a multiyear partnership with draftkings. dave portn if

moving over to exxon, the company said its increase production in the permian and diana 18% year overts refinery output hit record levels, and finally, also a priority for cheryl their returns, the company returning 32.4 billion to shareholders. that makes 14.9 billion in dividends, and 17.4 billion in buybacks. now, chevron stock has been lagging both exxon and the broader energy sector thanks to some weakness in the permian output, as well as a delay in their -- expansion. for this quarter's permian production was at a record, and also re-directed the attack ascent is on track. so, we could see some weakness, some support for those shares looking forward. >> people, but we also want to ask you about uranium prices, which had a 16 year high. you've given us a lot of information in this area, so keep going. >> of course, are jumping above $100 for the first time since 2007, and you can see that there was some interest back in 2022 when russia invaded ukraine, and then we saw commodity prices go bananas for lack of a better word with oil topping 130. but then, the interest kind of pete

haag: there are real question given the base and concentration in the permian, how active the ftc hasndustries. another want to keep an eye on is the merger of equals between chesapeake and southwestern, which will give chesapeake a bigger position both in the haynesville and marsalis. if you look at the dynamics there, 7% on a combined basis of u.s. production, so in the grand scheme of things, not huge. but like exxon and its dominant position, seem to be dominant position in the permian, you have two other basins you have a dominant player with an aggressive ftc reviewing it. katie: when i speak to investors and analysts about this industry, energy in general, they say this is a sector ripe for consolidation, more of these mergers of equals. do you think the ftc stance will keep some of these potential deals on the sideline? haag: i think it really depends on how aggressive they are with these two acquisitions. if the ftc comes in and really attacks these two acquisitions, as it has in a couple of other industries, you might have a wait and see attitude on the part of the industry

javier: we still see more consolidation in the permian.have seen the biggest deals, the obvious ones, family owned companies that want to cash out or they have a transition at the head of the families. i think there are still too many permian companies in the range of 250,000 barrels a day that they need to combine among themselves. i don't think we are done. we will still see big numbers of consolidation, but perhaps the biggest, we have already seen. lisa: what is the goal behind some of these mergers? is it economies of scale? is it that you can get more production if you have some subject method that goes across a bigger swath of land -- strategic method echoes across a bigger swath of land? javier: the permian has really moved into the phase of mass production of barrels of oil. reducing costs per barrel is very important and creating companies large enough to tick the box for investors requiring companies in the range of $50 billion to invest. that is what i think those companies that are still -- are going to have to look for option

it will create the largest oil company in the permian basin. joining us is at the months, was covered this industry for a very long time. when you look at this deal and put it into perspective with the flurry of deals in energy we've seen the last four months, what is different if anything about this one? >> this is a very interesting transaction. surprise surprise, another megadeal in the oil patch. diamondback as agreed to pay $26 billion for endeavor energy. diamondback is going to own 60% of the combined company. endeavor shareholders will own 40%. this is more of the same, the bigger getting bigger. the permian basin is the most productive oil field in the u.s. it has been rather fragmented until now for the 20 years or so of the fracking boom. what you have is diamondback, which has bid on the sidelines, going in and buying an apron getting financial benefits of that. sonali: i'm most interested in the a going dollars of cash they're willing to spend. how many energy commies are laying around without much cash to put towards the -- energy

getting paid regularly but luke, i want to get your take on this deal that could be happening, two permian reaching a deal to create a $50 billion oil and gas company. this is diamond back energy and endeavor energy resources, you agreeing to $26 billion deal, creating a permian basin drilling giant. this is important because this is the area of america that has the most capacity to generate oil and natural gas production. your thoughts? >> we actually own diamond back. i think it's been a good stock. this merger gets me kind of excited. but i will he say we own canaco energy in a larger weighting than diamond back. nuclear will benefit from something we talked about, a.i. implementation. you need to have an energy grid to support all this implementation and our infrastructure kne needs a lot f new stuff. nuclear energy will be a more efficient, better way and democrats i think will be more supportive of nuclear energy to support some of the initiatives. nuclear is the greenest, most efficient energy out there. i don't know why they haven't ran with it. i would look into new clear stocks o

end the hosts turned out to be stronger, holding the match at the molot arena 84:80 in favor of the permianss the second defeat in a row in the league. that's all for now sport. see you next hour. when you pick up a profit debit card, you will immediately discover all the possibilities of incredibly profitable conditions, high interest on your balance and... cashback on purchases up to 3%. with a profit card, it doesn't matter whether you spend or save, in any case, incredible benefits are with you. bank, ural sib. investment rating, economics, through specific stories, we can reach people. we often talk about money, amount. in moscow, it will begin in the coming hours. when is it better not to go on the capital’s highways and how long will the ice last in the megalopolis, vadim zavodchenko will talk about it. the week in european russia begins with freezing rains, in moscow they are possible in the coming hours, how long will they last and what other regions will they cover, how will the weather situation develop in the south of the country, which experienced a new ice age over the weekend.

player has key acreage in -- calling endeavor at the, quote, crown jewel of private companies in the permians output will jump to 816,000 barrels of oil equivalent could play, making it the largest -- in the third largest producer in the region overall. -- highly coveted deal with andrew that my -- famous among the last -- in the permian. -- back to you. >> the post events, so much. coming up, don't call it a snap back. shares of social media companies stop moving a higher, and that after a very rough earnings report last week. i'll tell you what's behind today's move. closing bell is right now. do you have a life insurance policy you no longer need? now you can sell your policy - even a term policy - for an immediate cash payment. call coventry direct to learn more. we thought we had planned carefully for our retirement. but we quickly realized we needed a way to supplement our income. our friend sold their policy to help pay their medical bills, and that got me thinking. maybe selling our policy could help with our retirement. i'm skeptical, so i did some research and called coventry direc

i do like diamondback, as well, like what they're doing with the permian. slb is so cheap for the number one player. i think it a es a hidden technology gem they're all special situation stories. >> we'll come back and hit two big winners and two big losers rivian is getting wrecked today. but another ai play is off to the races. it is up massively and it's not named nvidia. old school hard work meets bold new thinking. ( ♪♪ ) partnering to unlock new ideas, to create new legacies, to transform a company, industry, economy, generation. because grit and vision working in lockstep puts you on the path to your full potential. old school grit. new world ideas. morgan stanley. (♪♪) we're lucky to have this team working for us. our therapists give their all each day, by helping those who need it most. we take great pride not just in the job our team does, but in them as people. our people. and while we're in the business of taking care of others... it's important our therapists know that with benefits from principal, they're taken care of too. (♪♪) >>> welcome ba

we had record permian production of over 870,000 barrels per day.rformance in our business across the board allowed us to return a record $26 billion to shareholders, almost 10% of our market cap. we raised our dividend 8% earlier this year. strong performance around the world. permian certainly showing strong growth and momentum as we move towards a million barrels a day in 2025. >> you mentioned on the call that you weren't increasing. i wonder what your confidence level is in improving those efficiency gains. >> capital discipline always matters in our business. for years now we have been committed to a tight capital budget and focusing on execution. in the permian we have grown to a point where we will hold our capex as guided and see continued growth this year. as we get to next year at a million barrels a day we will hold a plateau which allows us to invest less capital in order to do that. we're very committed to a capital discipline through the cycle. it matters in the industry. at times, it hasn't necessarily exhibited that, and it is impor

in the end the hosts, who played the match at the molod arena, were stronger. 84:80 in favor of the permiansecond defeat in a row in the league. that's it for now about sports, that's it, see you in the next hour, watch russian cartoons and children's cartoons to spend time with children programs, we look, in the application or on the website, crews of heavy flamethrowers in the sun, southern groupings of troops destroyed new targets, fortified... enemy points were under attack. also , the tasks of the calculations include the destruction of open closed firing positions of dugouts with armored vehicles of the ukrainian armed forces and manpower. the effect of the use of sun rays is achieved through thermobaric projectiles. when hit, they impact the enemy with fragments, high temperatures and increased pressure. we perform various types of tasks, well, mostly destruction of the enemy. fortified areas of theirs, command post. well, and a massive accumulation of infantry, mortars, ags. our paratroopers installed a russian one in the center of the village of vesyoloye at the memorial to those ki

quiet times, at the end of his life he gained such all-union popularity, here are a few. there lived a permian the first interviewer, and of course he was completely in love with here is another beautiful illustration, scary, yes, what nikita was talking about, but let's go back to peredilkin, yes , and there is such a large building letters, in general, bozhov left an incredible number of letters, which are also separate , completely literary works, very interesting, published just a few years ago very much - bozhov’s work goes back to the immemorial times of romanticism and further further into the past, when folklore stories and works were formed, are together with that next to us, literally next to us, all this continues, like literature, like art, like life, i am very grateful to you for this conversation, i think that it was useful to all of us, i thank... daria beglova, head of the house of creativity in the writers' village of peredelkin, i sincerely thank nikita petrov, head of the theoretical laboratory of folklore in ranhiks. thank you dasha, thank you nikita, see you, all the best

in the end the hosts, who played the match at the molot arena, were stronger. 84:80 in favor of the permiansw in the league. that's all about sports for now, see you in the next hour. hello, i'm boris sakimov. and i, oleg skepanov. and we, the creators of the russia 2062 project of the headquarters of free thought. together with experts , we are discussing how we can develop the russia of the future in the next 40 years. see you in the future.

the way, between ibazhov and peredelkin, i ca n’t help but say, naturally, because yes, because the permianction of a house, which that means he sent it to permik, he has a lot there are a lot of addressees, well, this is really a gigantic body of a completely different god, and it’s interesting to read, well, we’ll just end by mentioning that there is olga slavnikova with roman 2017, there is alexey ivanov, but olga slavnikova simply has hitters who mine these same stones in the nineties, in a word, this tradition lives on, the creativity of god. goes back to the immemorial times of romanticism and further, further, further into the past, when folklore stories and works were formed, there are at the same time, next to us, literally next to us, all this continues, like literature, like art, like life, i am very grateful to you for this conversation, i think that it was useful to all of us, i thank darya beglova , the head of the creative house in the peredelkina writers' village, i sincerely thank nikita petrov, the head of the theoretical laboratory of folklore in ronkhix, thank you dasha,

endeavor is the largest privately held oil and gas producer in the permian basin.der pressure. regulators have asked the bank for changes the way it measures default risks of its trading partners and found plan to improve internal oversight to be lacking. >> vf corp rallying. engaged capital has received the support of the founding family of vf corp for board seats and faster changes at the apparel maker. the stock has come off of a quarter that was really rough. perhaps catalyst here in the agreement that was made. guys, the key economic event of the week is going to be cpi. inflation out tomorrow. then we'll get ppi later in the week. the other one to watch is retail sales because it factors into gdp and also gives us a good gauge of whether consumers continue spending as they did in december as strongly in january with the weather issues. that's what we'll be watching along with a number of big earnings tomorrow. coke and marriott and shake shack. we're trying to figure out how much the consumer is holding up amid these higher interest rates. one good chart that

the hosts, who played the match at the molod arena, turned out to be stronger. 84:80 in favor of the permiansl about sports for now. russia is traditional, modern, technological, original, open, great. like this. different, but dear to everyone, all of russia is before your eyes, come to the international exhibition forum russia. hunger, fog and freezing rain in the southern regions of russia have fallen on trees , power lines are down, hundreds of thousands of people are without electricity, the capital is preparing for natural disasters, what to expect? as a result of israeli army strikes on the city of rafah, in the south of the gaza strip , up to 100 people were killed. what will be the reaction egypt? previously, cairo admitted the possibility of breaking the peace treaty with israel in the event of an attack on rafah. world pharmaceuticals. gants conducted experiments on residents of mariupol, how did it become known about dangerous tests on children and patients in psychological departments , and which western companies were involved? won with a crushing score another tournament in the

you a souvenir banknote in a single copy from the administration of our city and of course give you a permianry glad that i won the first round, i’m very i’m glad that the girls came out on stage in my dresses that i gave them, cheer for me, fire and fly. two elements at the junction of which real, great art is born, emotions are off the charts, the atmosphere is tense to the limit, but for victory it is important to maintain icy calm, splashes of ice from under the skates are like sparks of hot metal, and the ice melts like steel. hot ice, spartakiad of the strongest, broadcast from magnitogorsk, tomorrow on the first, junior lieutenant ignatia vladimir ivanovich, sapper. there is a pulse, but weak, who cares about you moved? i stood up for the girl, now she will look for her. what's happened? i need a fighting dog. so that everyone wins, it’s not necessary, don’t approach him, retreat , invite him to attack, he’s a predator, help him, that’s who he is, volodya, the one who saved me, you’re nothing to each other, this is chechnya, we can’t do this, i’ll see this again, you won’t be here, i’m

in the fourth quarter, we had record production in the permian of over 860,000 barrels a day on our waybarrels a day. in 2025. and we returned more than $26 billion to shareholders through our dividend and buyback. almost 10% of our market capitalization was returned to shareholders last year and as you said, earlier this week, we raised our dividend per share 8%, which is the 37th consecutive year that our annual dividend payout has increased. >> so, you still want to do a giant deal, even though i felt that after reading this quarter, that chevron's great on its own. why is it -- what's necessary? why do a deal? >> well, we had a great portfolio on our own >> i know. >> and we can -- we can continue to create value and deliver performance, but this is a resource acquisition business. it's a depletion business as we produce our resources, and we're always looking to strengthen our portfolio. this is a long-term play it's a company that has a very strong set of complementary assets to ours, and it underpins our growth in free cash flow not only through the balance of this decade but wel

endeavor is one of the last big closely held plays in the permian basin.ce that it is diamondback getting the deal. the target has been on the radar of bigger companies. exxon, chevron. there is a surprise and it will be seen as a shrewd move for the acquirer. in terms of regulatory hurdles, there will be the usual steps but given that we have seen larger deals progressing well, i cannot see that being an issue. tom: hey surprise, but likely to cross the line. looking to buy a controlling stake, what is the rationale? david: much like other traders they have benefited from volatility. the volatility out of the pandemic, the impact on energy prices from russia's invasion of ukraine. they are looking for acquisitions that will bolster the long-term. they have been adding refineries , networks. the deal gives them exposure to a key refinery that serves the mediterranean region. it will give them an asset in sardinia and lived refining capacity to about 800,000 barrels a day. a significant deal in another example of a company in commodities that has done well

real the struggle for survival, to be more precise, they survived; after the conservatory, a talented permiand to samarkand as a ballet school concertmaster, then he became a lecturer at the knowledge society, but he dreamed of writing music? in my life, i ’m now looking at my life’s path, i’m very lucky that people always appeared on my path at the right moment, at the right time, when i seemed to have an insurmountable situation, but i just, you know, there are different people , there are fighters , yes he is, but i am not, i immediately means, i seem to submit to fate, well, that means so, that means no, and some person always appears, suddenly, and he not only solves this problem, but he kind of picks it up, and it's like estofe, it's amazingly, and still is, even until recently . the main person in evgeniy krylaty’s life has always been his mother. it was she who brought the future composer to his first lesson at the perm music school, gathered her son to study in moscow when he stayed in the capital, and found a woman who agreed to register evgeniy krylatov in her private home for 10 r

exxon said that it set production records in guyana and permian, growing volumes by more than 18% seey about .6%. and exxonmobil's ceo tadarren woods will join us live in a few minutes. we'll talk to him about earnings, a shareholder proposal, what he's doing in the courts with that and much more "squawk box" will be right back. ♪ upbeat music ♪ upbeat music >>> welcome back to "squawk box. meta announcing its first ever dividend apple facing some challenges, a decline in china sales joining us now is dan flax give miark zuckerberg some credit, those were some kind of blowout numbers. >> good morning. the numbers were strong and the company is demonstrating they're able to successfully pivot to newer areas. so, for example, short form video with reels business messaging they have done a good job reducing costs in the core business and continuing to buyback stock was positive so when we look out over the next year, we're looking for further signs that the company is able to embrace a.i., transform the user experience, and on the other side create additional items for advertisers. >> gi

peredelkin, i can’t help but say, naturally, because yes, because in the same trouble there lived a permianterviewer, and of course was completely in love with here is another wonderful illustration, terrible, and what nikita was talking about, but let’s go back to peredilkin, yes, yes, and there is such a large corpus of letters, in general bozhov left an incredible number of letters, which also separate a completely literary work , very interesting, published just a few years ago, very absolutely critical articles and advice and even on building a house, which he sent to permik, it has a lot of addressees, a lot, well, it’s really a gigantic body of a completely different god, and it’s interesting read, well, we ’ll just end by mentioning that all this continues, like literature, like art, like life, i’m very grateful to you for this conversation, i think it was useful to all of us, i thank you beglova, the head of the house of creativity in the peredelkin writers' village, i sincerely thank nikita petrov, the head of the theoretical laboratory of folklore in ronkhix, thank you dasha, tha

the combined company would be the third largest permian producer behind exxon and chevron. take a look at diamondback energy for the last year. andrew. >>> yesterday, the senate voting to move forward with the $95 billion aid package for taiwan, israel and ukraine. the bill is the stripped down version of the one proposed last week which was voted down by republicans over border provisions. the border provisions were stripped out of the bill. >>> president biden chose to skip the super bowl interview. he posted video he on x. he called for companies to stop shrinkflation. >> they are still charging just as much. as an ice cream loever, ice crem has shrunk in size. it is a rip off. some companies are trying to full a past one by shrinking the products little by little and hoping you won't notice. give me a break. >> it didn't work for me. thing truth is this has been going forever and the flip side of shrinkflation. they should be frustrated by it. >> it is the manifestation of the same thing. higher prices. >> get off my lawn. i'm upset. it doesn't work. i don't know if sco

once confirmed, it would create the largest pure play oil producer in the permian. >>> and a stripped down bill in a procedural vote on sunday that now heads to the floor for debate. the bill calls for $95 billion in aid to israel, ukraine and taiwan. this comes one day after the republicans blocked a wider version of the bill which includes the border security measures. >>> a judge ruling elon musk has to testify as part of the s.e.c. probe concerning his 2022 acquisition of twitter and whether he or anyone else committed securities fraud in the lead-up to the $44 billion deal. >>> thank you, silvana. investors are waiting for a number of market catalysts. including the cpi report tomorrow. economists are expecting inflation to drop to 2.9% from 3.4%. that would mark the first read below 3% since 2021. ahead of that, a new poll from the national association for business economics shows 21% of those who responded knew the fed's policy stance as too restrictive. that is the most in 13 years. let's discuss this with seema shah at principal asset management. seema, i was in las vegas cov

the combined company would be the third largest oil and gas producer in the permian basin. >>> let's turn attention to the european markets. we are coming off a better week for the indices. stoxx 600 is up .20% in trading. with the exception of the ftse 100, all of these indices are trading in the green. cac 40 is up .20%. stronger day for the peripheries. ftse mib is up .80% with the news of tod's potentially going private giving that stock a boost today up 17%. within the ftse 100, i want to flag for the viewers, it is a big week in terms of data. inflation data on wednesday in the uk. retail sales on friday. of course, the employment data tomorrow. that is what we will watch. >>> in terms of currencies, we have the euro weaker down .10%. 107.70. dolla dollar/yen is higher. the pound is 126.16. looking ahead to the u.s. session with a lot of excitement on friday with the sa&p breakin to the 5,000. and the dow is weaker at 26 points lower . nasdaq is 20 points lower. the issue in the u.s. is the cpi print released tomorrow. >>> the kansas city chiefs claimed a thrilling overtime vic

there's a lot of deal making going on around the permian basin as well. to go back to what you said, though, do you think that because the u.s. has become so permanent now with its own production, it's displaced the relative importance of opec on a global scale? >> i think it's hard to say whether the u.s. is now the swing producer because perm yanlt oil. nonconventional crude flows out of north america. you know, they're not as easily adjustable. opec can come to a decision, you know. it's very flexible. that's why saudi maintains its supply buffer. but, you know, the key thing is really interesting. >> but it's only one country. >> if you look at net total oil and profits, everything, 20-plus barrels a day, it was a record, by far the world's biggest producer. you know, set in the near future to be exploring nearly 10 million barrels a day. these companies, they're not buying these assets just to sit on them and produce at the same level. they want to squeeze every last level out of the ground. the trajectory is only going to rise. what's interesting is

we are producing our own assets from the permian basin, for those deals to happen.r positive way, there is no impact. i don't think any of these deals that are being proposed today, create any trust issues. >> are we at some moment for and more consolidation? we are looking at more companies. is this the beginning of something that we need to do to follow more closely? >> i don't think so. the beginning was from our acquisition of the embargo. the reason you require that, is creating value for your shareholders. you are doing it in way that you are looking for assets that make your assets better. you create synergies for them. they provide you an acceleration to the value of shareholders. every company that does it, is doing it for regions. i think they will continue to do that. they have a lot of companies that won't have any difference made, in terms of the ability of smaller operators. this includes big operators, for them to change the way that they operate at all. >> we mentioned at the top, big players in oil and gas. when you look at the price of natural gas,

the other hand you're borrowing $9 billion or something like that to take on crown rock in the big permianwant to the dilute our shareholders by diluting shares. it wouldn't be the right time to make any acquisition with our shares. what we're doing with the debt is we have onshore u.s. a significant volume of inventory. and some of that inventory, though, is better in the hands of others because it's -- it depends on where it is within the basin. so, we have some inventory that for us is 15 years out in terms of development. so, the reason we can do this and raise debt is we can sell that longer term inventory and actually convert that value, which is almost zero that far out, to real value today by purchasing the crown rock assets. >> and that's obviously in a very active part of the world in the permian basin. you have described -- balance sheet is strong, you're raising the dividend, financial position is right where it needs to be, in your view. let's talk a little bit about something i've heard you say is occi will become a carbon management company more than just an oil company. wha

the business model, stay tuned, chevron at the very top after fourth-quarter earnings beat on record permian back, don't go away. [coughing] copd hasn't been pretty. it's tough to breathe and tough to keep wondering if this is as good as it gets. but trelegy has shown me that there's still beauty and breath to be had. because with three medicines in one inhaler, trelegy keeps my airways open and prevents future flare-ups. and with one dose a day, trelegy improves lung function so i can breathe more freely all day and night. trelegy won't replace a rescue inhaler for sudden breathing problems. tell your doctor if you have a heart condition or high blood pressure before taking it. do not take trelegy more than prescribed. trelegy may increase your risk of thrush, pneumonia, and osteoporosis. call your doctor if worsened breathing, chest pain, mouth or tongue swelling, problems urinating, vision changes, or eye pain occur. ♪ what a wonderful world ♪ ask your doctor about once-daily trelegy for copd because breathing should be beautiful. i'm so glad we did this. i'm so glad we did this. i'm so g

and gas with lg experts in the west coast, and if you could get a pipeline from the pocket, from the permian down in texas to the west coast, and by 20 years of elegy and stop buying from the middle east. so we have a global opportunity maybe a global responsibility his cell door allies to be unlike south korea the philippines like everyone in europe because we do not do that, were just going to let the other guys fill it up invited stand for prudence painting for his work with his oil sales and orion is finding the terrorism of their oil sales and rent invited letting the sages out around lifting in venezuela, the market, with our adversaries the adversaries making make like never have before. larry: okay rick perry, mr. program yes will china is financing come to wars against the united states among russian will buying uranian oil cases, the u.s., we should have sanctions on both in primary sanctions, no carveouts and they should have secondary sanctions, we could be the ships the midstream, enemy as - this traders run in circles around and i think that is pretty pathetic, and other point

cheyenne of the permian basin what do you guys pay here in washington? so roughly a national average. that is how i remember at the national oil price the price is posted that price is exactly the national average measured by energy information. i don't even know what sites i can seat with the national price. we are expecting to peek out here. but again as i said a lot of risk around that. nothing does more damage the u.s. economy and higher oil prices. it undermines real income if they have to put more dollars and their gas tank then they spend on everything else. this undermines people's views about the economy in their own financial situation it jacks up inflation both by workers it gets into the wage structure but also bizarrely look at exploitation. that's also influenced by oil prices and a reason for the fed not to cut interest rates. >> is inverted still inverted, even in my expectation of the records, i don't think the curve slope with a long way above the short rates and well into 2025, therefore, thanks another non-bank's are short-term the mo

exxon in the permian basin, chevron in the back withen and guyana, and they basically want the abilityestricted in so many ways. they figure size helps. ashley: it certainly does, and i'm sure bernie sanders and elizabeth warren will be crying foul saying they're too profitable. anyway, i move on. >>> a judge dismissing disney's lawsuit against governor desantis. has disney responded to this, lauren? lauren: disney plans to appeal. the florida governor, ron desantis, says just move on. a judge dismissed disney's lawsuit against the state of florida. disney sued when florida took over that special governing district that disney had since 1967. disney called the action retaliatory because they the opposed as a company the governor's laws banning discussion of sex, gender and race in the classrooms. ashley: all right. if let's move on from disney and desantis to peloton. more bad news, i guess, although the stock is up 2.33. lauren: it hit an all-time low yesterday with. where is this turn around? i mean, two years with the ceo promising a turn around a, and it's not a happening, not even

know brian, that they recently brought callan petroleum, a large provider of production company in the permianwhere so much activity has been taking place. and so much of the consolidation activity in recent years has taken place. this was their first big deal in a long time. four and a half billion dollars increases their footprint, gives them more resources to deal with, i asked mr. chriesman what he sees oil prices, and he had an interesting answer that bears on the political situation in america. let's listen. >> i think we're in a world today where it's clearly an election year, historically, election years have been hard, there's a lot of battled to try to keep prices own. everything there. like i said, we think that inventory is at a pretty good place. you get to the back half of this year, we'll see some draws, we are very constructive on oil. >> a little bit constructive on oil in the long term. as he said there, which is interesting, political years tend to be hard in the oil business. hard for the oil business may mean good for the consumers of gasoline, because politicians tend to

the university of alabama, they're permian helped this system is the first in the state to pause ivf procedures in a statement, the system said, quote, we must evaluate the potential that our patients and our physicians could be prosecuted criminally or face punitive damages for following the standard care for ivf treatments. hundreds of thousands of americans rely on ivf and other fertility treatments every year, a pew survey last year found that 42% of adults have used fertility treatments or know someone that has it's so many people older than 35, especially the alabama decision promises to inflame political passions that we've seen since the supreme court overturned roe versus wade. and we're already seeing new impacts on the campaign trail. cnn's kylie atwood covering nikki haley, who is trying to navigate this kylie, what's happening? >> yeah. so yesterday, nikki haley was asked if she agrees with this alabama supreme court ruling in a conversation with nbc, and she responded by saying that she believes that embryos are babies giving an indication that she does agree with the r

permian growth for chevron is going to be maybe about 10% this year.were talking about california and how chevron has been vocal about leaving california. exxons has taking $2.3 billion right down, people he knows is "result of company that prevented from coming back online." jonathan: easier to do in california than texas, which we have heard. lisa: easier in texas and california, which is why they're shifting gears. the key question, how much are they going to address this directly on calls and how much will display into some of what they lobby for? jonathan: update on things to get to. the bloomberg brief. >> until shares are lower in premarket trading on the reported delays to a $20 billion chip facility in ohio. the plant was originally slated to begin production in 2025 but the wall street journal reports it is unlikely to be ready until 2026. intel declined to report but says it remains committed to the effort. jesus hasn't blocked a record $40 billion of suspected fraud last year. they say criminal activity culminated in a boom around the holid

in the fourth quarter we had record permian production of 870,000 barrels per day.oard allowed us to return $26 million to shareholders. jonathan: just amazing. oil's biggest players delivering what they promised investors, growth and returns. bp joining chevron and exxon beating estimates and announcing a buyback plan. bp, exxon and all of the above, your title and headline, the boring colder -- quarter golden for investors, can you frame how big these capital returns have been? javier: last year chevron, exxon and bp give an extraordinary amount of money and what is good in the last couple of quarters these three companies, bp has also joined becoming more regular, nothing flashing on them, good delivery and a lot of cash, exactly what investors need to re-collect and give the cash that they need. lisa: that is how they reconnect, how much do they need with higher oil prices given that that is one of the surprises that oil has not rallied in the face of potential pressures. javier: that was a big question last year because a lot of investors said that these compan

. >> particularly the deals that we're seeing, the big ones that are taking place in the permian areot about nat gas. they're about oil. >> how much did people love that f.a.n.g. acquisition, the diamondback where apparently that company's very, very good. >> interesting back story, too, with the founder. >> do you have that? >> i read about it. >> travis, the ceo of diamondback, is -- he and scott sheffield are the two people that i keep hearing over and over again are the best. i think tom jordan at coterra deserves a shoutout. david, you were down in latin america where there seems to be a black hole about, can you drill, can you not drill? what exxon can do down there. i don't get it. >> you're talking about guyana? >> yeah. >> they're drilling. >> i know. >> venezuela -- >> what is it with venezuela? >> i can't tell you exactly what's going to happen there. there doesn't seem to be as much fear on the part of mike wirth or darren woods that the venezuelans are going to get aggressive with the guyanese, but we'll see. >> venezuela is not among the council of nations yet. if it ev

. >> do you knowhow many years we've called the top of permian when it was 10 million,11 million, 13most of these mergers are about getting more oil out of the ground with less because of the technology. i'm putting the kibash on that. rusty brazil today talks about how there's a lot of refining capacity. refiners have been horses. mayor ton pete horse. >> is there a risk in the whole story here of oil if it continues to go higher? rates are up, inflation is kind of up, p pi, cpi were hotter. do we have to worry about oil pushing higher? >> we're not going to worry about oil. terrific piece today talking about -- you mentioned specifically about oicl. 50% of january cpi -- is about imputed inflation -- imputed rent. not rent itself. he said february will reverse. that's very positive. against that i want to point that, if china has bottomed and starts going up, that's going to be a problem -- that would be a problem for oil. we don't want china to come back. although i understand they're militarizing apartment complexes there. i'm not kidding. the government is starting to -- i think

finally, the oldest artifacts of the permian animal style were found here.come a symbol of the entire perm region. some experts believe that such plaques were not worn by ordinary tribesmen. in the epic poem okudim oshe, the prince of the komi people is recognized by them. only six such plaques are known, five of them were found here, on the banks of the kyn river. the kyn river, brisk and picturesque , flows into the chusa. this is the legendary river along which the path of hermak lay when he set off to conquer siberia. she was the main one transport artery to the european part of russia, along which barges with iron were sent from the kynovsky ironworks. in 1912, the famous photographer and pioneer of color photography sergei prokudingorsky went on an expedition along chusovaya. more than a hundred color photographs of the river and settlements were taken, two were taken in kyny, one color and one black and white, and the village still looks the same as it did 100 years ago... woman, because when we were ready to give up look something closer to the hardw

talked about flat production over the year but we see upside to that driven by what is happening in the permianrnings, and we also see some additional production coming from the gulf of mexico which has been historically difficult for agencies to forecast accurately. jonathan: nadia martin wiggen, thank you. crude this morning, 72.36, basically unchanged. if you go back to the day before the terrorist attacks on israel, we are done by 12.6% on crude which is amazing. annmarie: it doesn't make sense. there are more hostilities but the price continues to go lower. if there were not any hostilities, would be be lower? the world is flush right now with crude. the united states, russia, iran. saudi arabia is pumping 9 million barrels a day. they have the capacity to go to 12. lisa: remember we were talking about a slowdown in china as one of the reasons? jonathan: that continues. counter you down to the opening bell. 34 minutes away. coming up tomorrow, larry adam, daniel morris, debbie cunningham, and the eli lilly ceo. from new york city, this is bloomberg. ♪ jonathan: from new york city for our v

cheyenne of the permian basin what do you guys pay here in washington?ughly a national average. that is how i remember at the national oil price the price is posted that price is exactly the national average measured by energy information. i don't even know what sites i can seat with the national price. we are expecting to peek out here. but again as i said a lot of risk around that. nothing does more damage the u.s. economy and higher oil prices. it undermines real income if they have to put more dollars and their gas tank then they spend on everything else. this undermines people's views about the economy in their own financial situation it jacks up inflation both by workers it gets into the wage structure but also bizarrely look at exploitation. that's also influenced by oil prices and a reason for the fed not to cut interest rates. >> is inverted still inverted, even in my expectation of the records, i don't think the curve slope with a long way above the short rates and well into 2025, therefore, thanks another non-bank's are short-term the money an

creating fewer players in the permian basin. how is not going to ultimately reflect in production?exxon can bring on one million barrels more oil from the acquisition in the whole patch. the other hand, there are smaller players. this is when we think about the private players and what we see happening versus those big public companies. they should be scared and worried. when we think about the service industry, x i'm companies like that can take on the biggest projects, run their ranks 20 hours a day. we have a limit of 24. they are drilling three-mile lateral wells versus two. that brings down their costs. when you look at the smaller players who cannot do that, that is a problem for them. digitalization will make drilling more efficient but the biggest players can afford to do that most relative to the smaller players. we will probably see a further widening instead of these plays. kriti: i want to ask about positioning. there has been a lot of questions. six months ago, more and more people were in the super cycle. this would be the start of an intensive 10 years for the commod