chevron still faces enormous risk.ed on a finding of one judge here in new york who contradict the findings of 28 appellate georges and ecuador and canada. but on that basis, i have my law license taken without a hearing. one of the things i will be focusing on is getting my law license back. i still am in a position to advocate to help my clients. thr other members of our legal team to play that particular role but it is important to establish the principle that a human rights lawyer who does this kind of frontline important human rights work and birth defense work not be jailed, disbarred for doing his or her job. that is what happened to me. the larger issue -- this case goes well beyond me. chevron tried to use me as what i would say a weapon of mass distraction. some people -- focused on the environment of crime. this goes beyond me. if we low this type of private prosecution -- the u.s. government rejected the charges against me. a private law firm has chevron as a client and that was my prosecutor, which explain

, where chevron except a jurisdiction, chevron vowed never to pay the judgment once we won.they decided to target me and call me a weapon of mass destruction, to get people to not focus on what were significant byron mental crimes they committed in ecuador, including cancer causing waste on to indigenous lands and waterways. they wanted to target me, and claim that i was a racketeer. and the entire case down in ecuador was a fraud, even though it had been affirmed by multiple sources. >> all this lead to various attacks on the over the years, i withstood the attacks and told chevron convinced when u.s. judge -- i didn't flood the, order i basically said, please hold me in civil contempt so i can appeal this, at the appellate court which i did. and well what i believe -- no attorney has ever been charged for a crime for what i supposedly did, other than me. he did charge me with criminal contempt. and he appointed the chevron law firm. as basically the first person in the history of our country, as far as we can tell, who's been prosecuted privately by a corporation, and depr

earnings from chevron and aps coming in later than expected.he estimate was $3.44 but net income profit is the biggest profit since 2012. tom: they don't hide it and i give them rate credit on this. it's a huge incentive to hide it but they come out and say that compare and contrast with their obligatory comments on the tragedy of the ukraine. i love the per barrel idea. they have it in a clear paragraph, it was 40 something per barrel. you see it in the income which was a huge move. massive operating leverage to a six billion dollar profit. jonathan: the team at bloomberg is breaking down the numbers. we are only investing as much as half in new projects compared to 10 years ago. if you look at the output of chevron, they expect overall output flat to 3% this year. that's what's getting politicians in washington pretty annoyed step tom: tomorrow night in washington at the white house correspondents dinner, i will read through jp morgan's dissertation on oil. jonathan: you are just the life of the party. tom: absolutely. emily welcomes -- emily

michael wirth, officer chevron corporation. mister richard montreat, president and chief executive officer devon energy corporation. mister darren wood, chief executive officer exxon mobil and mister scott sheffield, chief executive officer pioneer natural resources committee company and miss gretchen watkins, shall usa incorporated hr mcmaster, senior fellow hoover institution stanford university i do want to thank all this is for. before the subcommittee. the committee is holding an exact investigative hearing and when doing so we have the tactics of taking testimony under oath. do any of you have objections totestifying under oath , please state yes, sir no? >> no no. >> let the record reflect the witnesses have responded number sthe chair advises you that under the rules of the house and rules of the committee you're entitled to be accompanied by counsel. do any of you desire to be accompanied by counsel during your testimony today, aplease unmute and state for the record. >> no. >> no chairwoman. >> by the way, i can see a

our concern with chevron is the capital allocation.are running the operating company and not wasting capital. they could have used their balance sheet to generate high returns by leveraging themselves. they have relatively no debt for an energy business. leveraging their balance sheet to be the aggressor and acquirer. that has not been going on. they are paying down bonds. they are more interested in producing income rather than buying back shares at attractive prices. we see other people like occidental petroleum doing different. they leveraged on anadarko and they are reaping the benefits and rewards with buybacks over 12 months. most of it is buybacks. guy: what you think of the idea of these companies producing more oil? is that a good idea? >> you are spot on. if you look at the curve, it says no one will produce when they have lower prices in the future. if the futures curve was higher, there would be people locking those prices in an producing to meet the need. as long as we have backwardation, it is not going to be there. secon

this chevron is probably coming. we would also like to warn the whole of ukraine that there is literally an alarm all over the territory of ukraine, so please do not neglect to go to the shelter. we know what is happening in kyiv right now. yes. hmm, there are arrivals, so let’s say so, the work of the air defense forces is successful, but in any case, we have to be very careful and we have this situation when in these realities we have to learn to live, watch our lives , eh, become successful and win in the entire moscow horde, wherever it is was not deployed like that and there was an air alarm in general also in lviv yes, but we already have an air alarm repulse, but finally in the territory if you have an air alarm now, then be a weasel and be vigilant hmm na- probably anyway let's talk about the events of the day, i'm already looking for such a thing, where and what events do we have about- what events of the day do they want me to talk about today well, let's talk today about that for now no , matvii, while we

worth, chevron's 2021 net profit? >> 2021 was $15.6 billion after a loss of $5.5 billion the prior year. >> and shell's net profit in 2021? >> yes, shell's earnings last year was about $19 billion. >> thank you, ms. watkins. >> and devon's net profits in 2021? >> $2.8 billion. >> mr. sheffield, pioneer's profit? >> 2.1 billion after the largest loss in the company's history. >> there's nothing wrong with making an honest profit, and as gas prices soared your company funneled profits back to shareholders. they have executed 45 billion in sherry purchase programs. that's a lot of money to shareholders, but it's coming at the expense of the american people that need you to dramatically increase production and not share holder wealth. it was mentioned president biden took the step of ordering a massive release of the strategic, and your companies need to do their part and increase production to meet demand. some of you said you are going to do that. i heard the president of exxon particularly say that, but what i want to

some big oil names are out with earnings this morning, including che chevron.ntary, it's doing its job to, up 10% over the first quarter last year but also keep an eye on exxon mobil, posting weaker than expected results, even after taking a $3.4 billion tax charge related to its operations in russia though shares are also down about half a percent right now, the two companies dragging it is xle a bit lower, but it's still up more than 35% year to date. carl >>> tesla rallying today's trade, as elon musk sells some shares this week, ron, why is he selling so far in advance of a potential close? >> new s.e.c. filing shows he sold about $4.5 billion of stock on thursday. the total for the week now, about $8.5 billion after paying about $2 billion in taxes, that leaves him with about $6.5 billion toward that twitter deal he tweeted out last night, more further tesla sales after today, which leaves the question of where will he get the rest of the cash he planned for that deal that cash, in addition to the margin loans he'll need against the tesla shares, and the $

i am the chairman and ceo of chevron. we are living through a critical and unprecedented moment in history. over the last six weeks, we have watched the events in ukraine with grave and growing concern. russia's actions have caused many lives and displaced millions of people from their homes. the violence and loss of life are heartbreaking. we appreciate the efforts that leaders across the globe to find an end hostilities and we support a just resolution. in addition to the toll on human life, it has led to a surge in commodity prices, particularly with respect to energy that is affecting people around the world, including in the united states. this adds to the tremendous pressures our economy and citizens were already experiencing from a global pandemic. as chevron, we understand the hardship that rising energy costs have posed for so many americans, from higher prices at the pump to increased rates for natural gas, heating and electricity. and as the global landscape continues to evolve, we are focused on doing our part

i like oil we'll be talking about exxon and chevron. it's the cheapest because it's no longer consistent we own it big for the trust because people like oil and gas. we're up very nicely i expect good things although some people are concerned about a pipeline that goes through russia i would love to see chevron stock pull back so we can buy more with even higher dividend yield. once again, i want to advise you you need to take a little off the table to prep you for the coming rate hikes. you can put a little money to work on days like today as we did at the charitable trust but only if you have the money to begin with pm without some extra cash, days like today pure torture. let's go do clarence in connecticut. >> caller: i want to let people know what a great vag it's been. >> i think youm rea'll really ey it. >> caller: my company has a low p/e and it makes a ton of money. it's been down big a couple of days united rental. >> uri sells at a 20 times earning. 11 times this year people think the number will be down next year here is the

they call such chevrons non-permanent something, like, now we will check.angeable called manix to find out who the employer of these changeables might be as a hook to all search groups. let's do a magical business, what psychics, sorcerers, astrologers and predictors are capable of, i am today. can they be trusted and how much support from higher powers costs about 4 million, the current fortuneteller will reveal the secrets of her profession, the phone number of clients and will not spare money for people with paranormal abilities, a million rubles to the traditional one. tomorrow at 15:00 on ntv country of talents today at 20:50 on ntv the most important rule of giving everything we buy, cityline everything for the summer season buy in citylink vtb team thousands of advertisements that will help you get a free vtb multicard and pay for purchases throughout russia from monday at 20:00 on ntv wool feed for livestock palm fat and condensed milk preservatives, from which brands does all this float? the truth is clever how they make sprat in a tomato, our cons

lisa: we've gotten earnings from exxon and chevron this morning. we will get phillips 66 before the bell and how much do we get the political pushback? they tripled their share buybacks and chevron reported the best earnings going back a decade. how much does this become an increasing liability? business levels, makes no sense for them to increase production but they are near their record highs and this is ramping consumer spending going forward. we are looking forward to the ecb chief economist joining us on bloomberg surveillance after a slew of data that came out of the euro zone including inflation. 7.5% is shocking. the kicker of the gdp coming out quarter over quarter at 0.2%. this is the bad story the ecb is facing, slowing growth and lehigh laois and and that's leading into the euro and how do you put those together into monetary policy that it reflects the inflation rate of real rates in europe that are beyond precedent. today we get a slew of u.s. data we are focused on the employment cost index. how much will we take a look going forward

my this chevron, he directly cried, because he said, if i have this chevron, no one will offend me for'll be safe. you are good soldiers, you will save us. i mean, people have this attitude. this is the attitude we are greeted with. there, nevertheless, there is still work to be done in mariupol, as i understand it, a lot, and they dug in there these, as you put it, scoundrel very deeply. and so to speak, they do not plan to leave quickly , another thing is that we have our own plans. thank you very much, deputy of the people's council of the dpr, with a hand for the public organization of the young republic, kirill makarov, was in direct contact with us in the west, they are no longer shy and admit that yes, indeed, they fully trained and narrowed down the ukrainian military for the war with russia, and this despite the fact that they do not yet want their officers who are in mariupol and are trying now reach an agreement. oh, as i understand it, about some kind of humanitarian, supposedly corridors. well, they want to be given the opportunity to smoke a macron, they are interested. d

i like chevron, i own chevron.job in terms of execution versus exxon to see total revenues up 69% year-over-year, i think that's absolutely amazing they are minting money at the oil prices at these levels their break even costs are $40 in oil think about the cash flow, and they're plowing it back into shareholder returns. they've increase there had buyback. i think they're going to do more than 10 million in terms of a buyback t buyback this year. nothing wrong with exxon, i just brief the assets that chevron has >> got a view on honeywell >> honeywell sfis fine. aerospace up 5%. building products up 8%. the sprob tproblem is that they big exposure to russia that's why they saw a 260-point drop as a result >> let's talk about robin hood for a second and it's not just robin hhood itself >> they have tough comparisons, too. and all of a studden they released these numbers there's nothing good in this report, and then they don't have earnings, and they have tough comparisons. >> and they missed across the board. total

look found some chevrons in place helicopter crash. pay attention to these chevrons.hat purely in theory, ukrainian military personnel could use e, they could use the e form of any country, but here morocco africa is the country of the french foreign legion, because morocco is like a french colony for a minute, well, there was tanzania apparently . well, i'm busy there too, yes, but the question is in south africa but it's not really a question, because the very fact of having foreign chevrons on that helicopter, who tried to evacuate someone, we still can not confirm which of the azov have become already saying that foreigners are involved here, especially against the backdrop of the dismissal of the head of the french. they could understand, even ruslan, how could they, i think that we can expect more and more next and next attempts. it will be endless, to whom we will not finish. yes , all there it will be endless. why because and here, uh, it was not for nothing that he said, you can call this call sign a modifier. why, like i’m three hundredth, what is three hund

he saw one chevron z and he asked to give him this chevron. he was crying right because he said, if i have this chevron, for this no one will hurt me. i'll be safe. you are good soldiers, you will save us. i mean, people have this attitude. that's the attitude they meet there. nevertheless, there is still work to be done in mariupol. as i understand it, there is a lot, and these people dug in there, as you put it very deeply and so to speak, as a scoundrel, but they don’t plan to leave quickly, another thing is that we have our own plans. thank you very much, deputy of the people's council of the dpr with a hand for a public organization. young republic kirill makarov was with us on a straight line communications in the west are no longer shy and admit that yes, indeed, they fully trained and narrowed down the ukrainian military for the war with russia, and this despite the fact that they still do not want their officers who are in mariupol and are now trying to negotiate. oh, i understand about some supposedly humanitarian corridors. well, th

pay attention to these chevrons.understand that, purely in theory, ukrainian military personnel could use e, they could use the e uniform of any country, but here morocco south africa yes, the french are so french foreign legion, because morocco is like a french colony for a minute, well, there was tanzania apparently. well, i’m busy there , too, yes, that’s the question in south africa. but it’s not really a question, because the mere fact of having foreign chevrons on the helicopter that tried to evacuate someone, we still can’t say which of the azovs have already says that foreigners are involved here, especially against the backdrop of the dismissal of the head of the french outlet. yes, they could understand more ruslan oni could. i think that we can expect more next and next attempts, it will be endless, we will not finish it endlessly. yes, all there it will be endless. why because here and here, uh, it was not in vain that he called this call sign odessit azov yes , like, i'm three hundredth, what is three hu

chevron earnings have hit the tape. we're waiting on oil earnings this morning and chevron is out.ers right now. cheryl: dow component, we've got a double beat and a strong revenue story for chevron. earnings per share coming in at 336 on an adjusted basis, the street looking for 327. as far as revenue, $52 billion in revenue. the street was only looking for 47.94 billion. that is a big revenue beat. that is the oil price story. remember, in march, which is part of the quarter that we're reporting on right now, oil went to 123 bucks a barrel. that was on the heels of the russia-ukraine -- russia invading ukraine in february and march. a very strong number coming out of chevron. they boosted production in the quarter. 1.88 million barrels per day on an international basis and that was actually a boost for them as well. they are also talking about u.s. refinery crude oil input in the first quarter, that was up by 4%. but again, international operations, they did see a little bit of pressure internationally overall but of course that's because of the glut. of obviously, they're having

. >>> the ceo of bay area based chevron among the oil executives testifying before u.s.makers today. americans continue to pay more at the gas pumps. skyler henry reports the hearing was around robin blame game. >> you are ripping the american people off and it must end. >> reporter: house democrats unleashed on oil executives wednesday blaming the industry for skyrocketing oil and gas prices. >> why is the price of oil coming down but the price at the pump is still near record highs? >> reporter: aaa set the national average for a gallon of gas is $4.16. it is up $1.29 from a year ago. the biden administration ordered the release of oil from the u.s. stockpile to help use prices that spiked following russia's invasion of ukraine. >> the last 10 we saw price increases like this was the presidency of jimmy carter. republicans squarely blamed the white house anti-american energy policies like shuttering the keystone pipeline. >> this is the biden price hike , it has been steady climb since he took office. >> reporter: oil executives testify they have no control over the ma

we are watching exxon mobil, chevron pledging to ramp up stock buybacks as oil and natural gas pricesurge. we will have the latest. this is bloomberg. ♪ kriti: this is "bloomberg markets." oil with a faith monthly gain. this comes after a volatile period from the fallout in the war in ukraine. you can see the streak of positive flows with oil. you can see the effects of the trade war, when you go back, but now it is an an inflation hedge, something of a sure thing. you can see that, even as we talk about the potential of lower growth in the world. jon: the idea of momentum. these charts tell the story. we just talked about the tech wreck. right now, people are cautious about moving away from the energy trade, to your point, it has been a very valuable trade to investors over the last five months. kriti: there is an echo effect when it comes to the stock market and dollar. the flow on the commodities front, whether it is food or natural gas, let take a look's a look at the energy picture with regina may, kpmg international principal global head investor. we heard from major oil players

the american majors, especially chevron which you mentioned earlier, does not have that.y are going to make lots of money. jonathan: i have no doubt that in the earnings report, they are going to tell us what they made this quarter and remind us of what they lost back in the first quarter of 2020. will kennedy, thank you, as always. it is going to be a very interesting earnings season, that is for sure. tom: could be a political earnings season as well, particularly true if gasoline prices stay sustained. i am going to go right down to the granular. my uber today was $12 more than it normally is, and that is fuel. jonathan: that is a fuel surcharge, something we have seen. tom: we have seen it, but are we going to see it a lot more, including those airline fares we talked about yesterday? jonathan: it is getting so expensive to travel. 'bramo, you are living it. you're living the canceled flights, too. lisa: to your point when you said will the oil majors hide behind write-downs, shell with a write-down of $4 billion to $5 billion of the russian operation, raises a really

but the theory on chevron step two is that the agency did not reasonably construe the ambiguity. so if you lose on step two, it's also becausen you've acted unreasonably. under they are theory. so i don't thinkp there's any real distinction. their theory, as my friend suggested, it covers all errors, all interpretive statutory errors, all invalidations of regs, and that is a sea change for a statute that has existed many its present form for almost 60 years. sorry, a regulation and then the statute for almost 60 years. >> thank you, counsel. rebuttal, ms. bostwick. >> thank you, your honor. i have a few brief points i'd like to make, but first i would like to correct a handful of mischaracterizations from the government. first,rs my friend on the other side spoke a great deal about the availability of direct review. of course, direct review was not available to mr. george, nor to any veteran until 1988. there are many veterans who received clearly erroneous decisions and did not have the ability to challenge those at the time. is second, in speaking about supplemental claims, the

up next, our exclusive interview with the ceo of chevron, mike wirth. the stock taking a dip on earnings but it's a big winner on the year as oil prices lerea multi-year highs you're watching "closing bell" on cnbc. wealth is breaking ground on your biggest project yet. worth is giving the people who build it a solid foundation. wealth is shutting down the office for mike's retirement party. worth is giving the employee who spent half his life with you, the party of a lifetime. ♪ ♪ wealth is watching your business grow. worth is watching your employees grow with it. ♪ ♪ when my genetic reports told me about my heart health, i was able to take action. and i got a kit for my mom, too, so she can get her own meaningful health info. this mother's day, start a new health journey together with mom with $50 off every kit. >>> taking another leg lower, down more than 700 points right now on the dow every dow stock pretty much lower. there are a few bright spots but every speector is lower on the s&p. mohawk industries is the best performer. the world's largest

. >> it's an energy stock and it is chevron yes.his one is a quality integrated oil company with a good dividend yield, excellent assets and they've been shedding divestitures and paying non-core businesses that are paying down debt and they'll do $10 billion of a buyback this year and they make money at $40 oil so you can imagine the free cash flowing in their way. >> chevron and met ar the portfolio. do you think those will go well together, steph? >> i tried to do one that was off the beaten path with the facebook because we're waiting on them to fix reelz and other things and chevron is a steady eddy, and we do believe in the oil story and we do have years to go with higher oil prices and oil stocks >> we don't have on the list, to be fair, a stock that is more leveraged to the diamondback, but frankly, i really like this pick and we've got a reallied if report coming up on friday it is a terrific stock so do -- so do reels and oils mix? we shall find out in a bit ryan, you picked last time, mike douglas. ryan chose netflix and

. >> oil executives from chevron,

one of the things he's going the say is, quote, i've seen statements in the press whether chevron and are responsible for the oil and fuel prices i want to be absolutely clear, we do not control the price like gas and diesel and we have no tolerance for price gouging. i'm not defending them, but as somebody's father who owned a gas station when i was in los angeles, a lot of the companies being called they don't make gasoline i'm curious where the questioning is going to go. >> that's exactly right. prices are set by the global marketplace. what you're seeing is a structural imbalance of supply and demand if we want to reduce energy prices for americans, we need to be talking about ways to get more domestic supply into the energy markets i think what you're going to see is a lot of false narratives put forward today about, quote, unquote, price gouging, price fixing, and other red herrings that are really beside the point and will absolutely do more harm than good and will likely drive up the cost of energy for americans. >> well, let's be clear. there are no doubt some corner gas sta

talks between chevron and the united steelworkers union are set for monday. it's their first face to face meeting in two weeks. march 21st, about 500 workers walked off the job. since then managers and supervisors have been operating the refinery, and at least two malfunctions have been reported at the facility during that time. >>> looking live now at the white house right now where history was made today after the confirmation of judge ketanji brown jackson. here's the emotional words from the next supreme court justice. >> reporter: history was made today, and the powerful moment wasn't lost on judge jackson who shared strong words during a ceremony on the south lawn of the white house today. president biden cheered judge jackson and acknowledged the gravity of the moment. >> we'll look back and see this is a moment of real change in american history. >> reporter: and judge jackson herself knows she's a part of history. >> it's taken 232 years and 115 prior appointments for a black woman to be selected to serve on the supreme court of the united states. bu

i would say that's bad, consider this that exxon and chevron, the two big ones are going to give moreash to shareholders than they will invest in oil and gas production this year $50 billion between stock buybacks and dividends versus $37 billion in capital expenditure. i don't think that's a good business model but i'm not an energy man. let's look at the charts what do we know? we have a trend and a breaking trend, no way around that. at one point the xle, the etf was up 50% we broke trend hard. we rallied back and today we hit our head at the underside of that line. and if we look at longer term chart, we saw this sequence over the past two years we consolidate and i think this is the second break in trend i'm a seller, not a buyer. two long-term charts, so this say weekly chart, the next one, we got right back to the highs of 2017, couldn't quite get above, a little bit week or to and faltering. draw the lines how you will. i would call this a pretty well defind double top. >> mike, what say trade here on energy >> this is interesting because if we look at the sector and, you know

well, didn’t you see, or what, what kind of chevrons do we give out? telling me, who was you on which side? think you slurred telling me. well by the way, these very successful you are trying to recreate the russian liberation army roa. vlasov, vlasov called his structure of traitors and now your regime, like hitler then arming himself, creates on his territory a vlasov structure with the name roa. here is such a historical parallel, it doesn’t tell you anything, but from our side, the banner of victory over the cities is armed. by the way, here is one video. i thought show no show no. this is how children should not be shown. so my heart always hurts when starikov is very difficult. yes very difficult very difficult, but i will show, just because it is exactly to this place. show me, please, about the two old men well, tell me, can you say glory to putin glory to the russian troops? well , i don't need it for myself. wait for something, my wife said, i say that where she meets. granny. you see with a red flag, russian troops meet oh well. well, unfold

your position is very easy at chevron step two. if there's a change in interpretation or a new law, then you agree there's no cue, correct? >> i change from one legitimate interpretation to another? yes. >> or permissible. >> permissible, i'm sorry. >> but even in step one chevron there are some clear and unmistakable air is, i'm using the language year of the statute, okay, but it do think that there are some step one situations where it's not so clear and unmistakable, , meani, in one case this court decided not so long ago, sas institute, i was at the center, on step one the court said one interpretation and four dissenters said another. so what do we do with that? this goes back to what justice gorsuch raised, which is i can genuinely see some situations where the error is not clear unmistakable even under step one. >> so i would say the relevant time is after that decision issue. certainly notwithstanding the reasonableness of your view of how the case should've been decided, once it was decided, if a lower court said i don't

chevron, 2021 profit came in at $15.6 billion. and last but not least, shell. shell company's profit, $19.3 billion. these are outrageous profits. in the weeks following the russian invasion of ukraine, many oil and gas companies listed themselves from the russia, including bp and exxon. ms. watkins, the same week that other companies announced that they would take a step back from russia, your company was buying cheap russian crude oil. shell bought over 700,000 barrels of russian crude oil for nearly $30 per barrel under the international oil prices. it managed to convert that oil into product that is sold at normal prices. that single purchase will represent over $20 million in profit. these profits are nothing short of war profits. blood money. soaked in the blood of innocent ukrainian citizens. shell has since apologized, but it seems to me that it is an insincere apology. are they sorry they did it or are they sorry they got caught while doing it? ms. watkins, let's have some truth now, some true things. when was the decision made to purchase that cargo o

this year i arrived in march was supposed to be mb chevrons. as it turned out to be a helicopter. i'm 300th in the helicopter you took 300ths who was the oldest on board? i don't know, because there is a pilot who was sitting guys who was with you even there was and the national guard border guards were senior, because i don't know who is the senior of your unit. my name is i don't know, because we have everything by call, only you were in what number the helicopter was in. i don't know how they beat us, because i saw one big flash, closed my eyes, fell to the floor and woke up. i'm already on the ground, and he says the ice was broken by a helicopter, when they arrived at the port, right? by about 5:00 am , also today at 5:00 am, and flew out, well loaded. there literally half an hour, maybe even a little less, and in the port on which site i don’t rummage at all. there's nothing there. who's guarding the port now, too, i can't tell you anything, because i don't know. how many people were loaded into other helicopters, almost 14 15 people, all

the 2011, he won a $9500000000.00 judgment against chevron and court in ecuador over pollution in the amazon rain voice for the u. s. federal judge later ruled against the judgement because argue has withdrawn from the organization of american states. the government of peasant, daniel ortega also close the organizations offices in the capital. the block had condemned to take his re election after several opponents were detained before the vote. nicaragua announced its spit from what it calls the infamous organization. in november, ational authorities in the u. s. are investigating plains hoping stuff that went wrong in the arizona desert cousins. luc akins and the farrington had planned to know stiver across them. some say the c jump from one to the other before taking the control and lending. akins made it into fountains plain and made it down. but farmington abandoned his attempt. when the other ones out of control, he safely parachuted to the ground. i mean, we proved that it was possible, i mean, were pushing boundaries out here and what's great. as i jumped from one i got in the

nobody comes close majors like chevron are major to colleagues in europe chevron almost hit today whats happening is long term, not surety weakness should be used to buy, not sell you should be hoping chevron comes to the 150s. next, i know our aerospace industry is struggling over -- well, since those terrible bowing 373 max fell out of the sky. that was because of manufacturing problems but the rest of our aerospace companies are very strong from ge to ray theon. those two companies make the best jet engines in the world. no one questions them. i want boeing to make a comeback my trust ownsit but it is stil in the penalty box so i think it is on the cusp of an faa approval for a wider body jet that will be in tremendous demand now that the suddenly robust airlines are desperate for more capacity. listen to those calls. that will tell you about it. how about machinery? in the old days caterpillar would sink or swim with the economy. i believe a new, more disciplined caterpillar could take on asian governments if our government would level the playing field and not let them dump all of

amna: while chevron ceo suggested producers don't have as much say in getting gas prices back down. >o not control the market price of crude oil or natural gas, or of refined products of gasoline or deisel fuel. amna: the hearing came as democrats try to show voters they're working to bring down fuel prices, amid fears inflation could mean heavy losses at november's midterm elections. in a bid to relieve pain at the pump, president biden last thursday ordered the release of 1 million barrels of oil a day from the u.s. strategic petroleum reserve. pr. biden: our prices are rising because of putin's actions. there isn't enough supply. and the bottom line is if we want lower gas prices, we need to have more oil supply right now." amna: the president also sought to put pressure on the oil companies. pres. biden: this is the time not the time to sit on record profits, it's time to step up for the good of your country and the good of the world. amna: back at today's hearing, republicans argued that president biden's climate policies are making things worse. rep. griffith: it is impossible t

in 2011, he won a $9500000000.00 judgment against chevron in a court in ecuador over pollution in the amazon rain forest. the u. s. judged later ruled against the judgment. former kenyan president mike a back, his body is now lie in state for the public to pay their respects to back. he served as candace 3rd president from 2002 to 2013. he was credited with reviving kenya's economy while in office, but his re election in 2007 sparked months of ethnic violence that killed hundreds of people back. he was 90 years old. the 1st time governments around the world to spend more than 2 trillion dollars on military expenses. the stock home international peace research institute says spending increased during the pandemic united states top to list with more than $800000000000.00 spent last year. china is next followed by india, the united kingdom and russia, the kremlin boosted its defense budget to $66000000000.00 before invading ukraine. the 3 percent increase was mostly funded by oil and gas export revenues. the 1st time in 4 years, iran increase its military spending to nearly $25000000000.

. >> and even step wind chevron there are clear and unmistakable errors and that there are some situationst are clear andid unmistakable so that the court decided not so long ago at the institute i was at the center and that the court said one interpretation and then they said another and then it goes back to it justice gorsuch it's justice gorsuch raised and to be clear and mistake a ball and certainly how that is displayed then that would be a clear and mystical air and that's what we have here so moreover even if some of those areas would not be clear and unmistakable but that is not the case before the court will have any disagreement but to say act is wrong. >> it goes back to the point can be clear and unmistakable. >> or tell us why is that enough. >> that would be a helpful decision were asking the court to go further but no. >> anything further? >> i have a couple. so back to the structure of how this works out the government relies on the break the tory text before 1947 and that was incorporated in the statutory text with the long-standing regulatory text to describe clear and a

burr, the same question for you on chevron.how much in stock buybacks or dividends and how much in low carbon investments? >> congresswoman, in 2021, we paid out roughly ten billion dollars and dividends, we bought back 1.4 billion in stock. in this year we expect to spend between four and five billion dollars on low carbon energy. >> thank you mr. worth, mr. law lure, how much did you spend on stock buybacks in -- how much and low carbon investments? >> yes, congresswoman, we spent about 4.5 billion dollars in dividends and about 4.1 billion dollars on buybacks. we spent seven billion dollars on low carbon energy, rampant to 3 to 4 billion by 2025. -- >> okay miss watkins how much and stock buybacks and how much and low carbon investments? >> in 2021, we spent about 6.3 billion on dividends and about 2.8 billion on share buybacks. on our renewable energy, we spent about two or three billion last year and even more on low carbon fuels investments and low carbon fuels. >> okay my time is up and i think -- >> tank generally. mr.

chevron, most of the shares higher on the day.back of elevated oil and gas prices, that is the big problem congress has. i went through the prepared testimony for the ceos. mike from chevron tried to make the case in that statement that these companies don't have as much power over pricing as congress thinks they do. they said they would try to do more when it came to production and issues with buying. keep an eye on what is going on in washington, with regulators coming into work today, chewing over the bid jetblue is making for spirit. jetblue has already been in the fight with the justice department over the alliance with american airlines. the doj said it amounts to a merger, taking jetblue to trial over that. the spirit deal with frontier that had been in the works, this has been widely criticized by liberal members of congress, saying this could not be done. our reporter did interview the ceo of jetblue. robin hayes said there was a compelling argument that a tie up would lower fares. shares both lower. tom: 1982, you enjoye

executives defended the rising price of gasoline at a congressional hearing. meters of exxon mobil, chevron and 4. other companies said they were not engaging in price gouging. they put the blame squarely on higher costs for crude oil, saying rising prices are beyond their control. president biden was staying with markets. wall street has been bracing for more aggressive moves by the federal reserve to combat inflation. new minutes from last month's fed meeting were released on wednesday. let's koreans quarter in new york for more years. these minutes are often seen at the latest clued to what the fed is thinking, what have investors glean from these latest minutes? while stephen, the doves are out and the hawks are in the federal reserve, is going to be much more aggressive in the month to come that at least those some fit minutes that the next meeting early may, the federal reserve is probably going to hike interest rates by 50 or not just 25 basis points, and they will also probably start reducing the balance sheet. that basically is us treasury and mortgage backed securities in a total

early even it's like talking about climate without talking about the exxon corporation or shell or chevron. and actually that is the weight climate is talked about pretty much we just don't trace tract. and we are facing a large flows of money directed at keeping the status quo, which is the status quo of extreme nuclear danger, especially in times of crisis like this. and of climate turn movement toward you mentioned northrop grumman, r raytheon, they recently hit their 5 year highs. so as we talk about war, we also have several who benefits from war. can you help me unpack that a little bit? who's really benefited? is the old earth, latin silken coolly bono, who benefits for the british? it had to deal or even had lost the war. to some extent, j. p. morgan would have gone bankrupt and wilson and u. e. eyes keeping it a truly genocidal war. going on her enormous massacre, and i think with very little benefit except to the arms. when your pictures, people ask, why don't we learn from our failures in vietnam and afghanistan and elsewhere? when, as long as the war in afghanistan, not in the

s. giant chevron will increase argentina's gas supply by more than 40000000 cubic meters a day, making the country more independent from imports of liquefied natural gas, which are currently needed with an error warner. but it's pretty middle, but i saw to do it in boss yona 0 number one objective of the nest occasion a gas pipeline, plus its complimentary words is to substitute importance of the to replace all the l n g and stop burning liquids in argentina to generate energy and also for environmental reasons. secondly, we can generate the amount necessary to export after being an energy import for years, the pipeline project is set to make argentina an exporter, supplying neighbors such as brazil. and sheila i said you're up to date with d. w. business, but if you want more, you can check us out on youtube of course in a d, w, use youtube channel and also on facebook. and don't forget our website, d, w dot com slash business. and daniel winter from me and the business team here in berlin. thanks for watching and have a great weekend. what making the headlights and what's behind them

the building of the sbu after it was cleared, and the finds at the former firing positions were chevronsswastika symbolizing neo-nazis. it will also become new evidence about the situation in the city at this moment . the most incredible such no one did not think to see and did not want to expect the mayor of the city escaped via twitter that is, through a social network, allegedly. he led from mariupol, and supported the inhabitants of the city. in fact, he was no longer in mariupol . at each entrance and exit from the basement there is an impromptu hearth when the battles roll back from the house. in the distance, the residents go out to cook simple food with food . the soldiers of the dpr, the police or the police, as they call dennir there, began to bring food, food is involved in the operation and units of the national guard from chechnya are definitely in what is happening they bring a certain zelensky, who with ammunition and weapons from us well done you have a weapon. we will spoil the voble against you and use it as they know, we have two groups working. we cleared on you and b