i want to get your take own chevron's 2023 expenditures announcement you are going to talk about rightcause some analysts said look with arbitrary budget, 17 billion dollars, 15 billion, last year, does that put you in a box whereas you have to pass up opportunities could have been incredible opportunities not just for chevron but for the country? >> maria remember we are still coming out of a pandemic landfall for products collapsed, activity in the industry contracted to tlaeflt 2022 up nearly 50% versus 2021 colluding acquisitions organic capital spending our budget for 2023 will be up another 25% for organic capital investment versus where it was this year, so we're seeing significant increases in our activity, much of i have the in united states, a country where we have single largest allocation of capital to development, and we are producing projects we think good for the market we've indicated will grow production at average growth rate 3% over the next several years, production is this up year. so we are pursuing good opportunities in conventional fuldz growing renewables busin

that's even spiderman on their side was lured to come up with a chevron. that he was kind and reminded the odome and brought good luck to the fighters, in fact, with such a task and not every adult can handle it, polina was inspired by the memorial to the soviet soldier v treptov in a park in berlin only on a chevron. she has already been asked for help by a hero of our time to also protect children who live in places where special military operations are taking place. they, too, are their own, they don’t do anything to us. and these rabbit and tiger. only at first glance, too superficial, the author is here dug deeper, the rest of the tiger. a special military operation has begun, and in the year of the rabbit, and it is that it will already end. chit nadezhda molodets the best works have already been put into production throughout the country, 5,000 schoolchildren responded, and out of these five thousand, a special commission selected 15 best sixth-graders. masha trukhanova among the winners she from the village of dongu in the saratov region decided th

even spider-man was lured to his side to come up with a chevron.eminded the odome and brought good luck to the fighters, in fact, with such a task and not every adult can handle it, polina was inspired by the memorial to the soviet soldier in the park in berlin, only on a chevron. she has already been asked by the hero of our time to fully protect the children also live. operation they are also their own, they are not strangers to us. and these rabbit and tiger are only at first glance, too superficial, the author dug deeper here, the rest in the year of the tiger began a special military operation, and in the year of the rabbit. i hope that it will end already sounds nadezhda molodets the best works have already been put into production, 5,000 schoolchildren responded across the country, and from these 5,000 a special commission selected 15 best sixth-graders. masha trukhanova among the winners she from the village of dongu in the saratov region decided that ilya muromets must be on her chevron. if he defeated the nightingale the robber, that is,

you're both sitting on chevron, okay chevron year to date is up 52% now, you have exxon -- joe, you have exxon exxon was up almost 80%. why not sell those if you have those you're up 80% this year. >> the supply to the demand environment is still demanding investors maintain position there and allow the environment to tell you when to get out. what do i mean when i say the environment? number one, supply relative to surging demand, and number two, earnings i need to see the deterioration in earnings for me to become an active seller of the energy names. i'm going to use a quick analogy if i could, okay what's up the last five years every year farm commodities whether it's corn, whether it's soybean, whether it's wheat, and they all have exactly what i'm speaking towards, the right supply demand imbalance and also the earnings growth. so using that analogy, okay, i could say to myself well it's happened for fallen commodities, we could have that type of multiyear run for energies >> can i tell you exactly what i've done? i actually did sell chevron for accounts where they didn't have capi

chevron is reportedly preparing to make its first shipment to the u.s., but the white house ensis the deal is not about -- insists the deal is about democracy. with the maduro regime promising to negotiate with the opposition about returning to free and fair elections. we're back with kim strassel and "wall street journal" columnist mary anastasia o'grady. mary, why is the administration doing this? is it about the oil or something more? >> yeah, i think they started out pretending that it was about the oil, but when it became very public that even if chevron goes in there and starts pumping oil, they're probably going to be able to get out about .2% of global demand on an annual basis over -- in one or two years. so it really isn't about oil. i think that the biden administration is looking for some way to break the impasse of the venezuelan dictatorship and u.s. policy, trying to return venezuela to democracy. and this is an, a desperate attempt to do that. i think it's something that will fail. paul: all right. kim, they're getting, the maduro regime

why chevron?, thanks for having me, kelly, it's an honor to be the last count down closer of the year. i feel honored for that. we've been overweight energy and healthcare all year and story on energy is being driven by free cash flow. the reduction in capitol expenditures and oil prices being relatively high helps that whole energy sector and what's interesting about chevron is that the stock prices actually going up slower than the overall free cash flow is rising and slower than the profits are growing. the problem with the broad market is that we're seeing a contraction in multiples and whole market will pay less for stocks in terms of how much they earn. but the energy sector, we're trading it really, really low multiples right now and the earnings and the free cash flow continue to grow. we're going to enter 2023 just as we are closing 2022 with a fairly large overweight in the energy sector. kelly: that's a good point about the multiples and you also -- i think are very bullish on expedia;

you like chevron, why? >> i do like chevron but the like the energy sector as a while, kelly.energy sector that may be only sector that closes in the black this year. everything else will be in the red. that is interesting, if you think about it. very few times we don't have one more sector closes up in a year. one of the good parts about this bear market, kelly, seldom you have two negative years in a row. only happened four times. 29, once in the '40s, once in the '50s and 2002. the odds of market being higher next year are much greater than people anticipate. we're bullish going into 2023 we're not bullish at this point in time the first quarter i think will be very, very rough. it creates a lot of opportunities. you talks about energy stocks. they continue to go up. play them by chevron, play them by exxon or play them by wonderful xle, i buy the whole basket of energy. the trend is up and goes much higher in 2023 definitely for sure. kelly: definitely we should keep our eyes on energy after the impressive performance this year. thank you so much for joining us, varnes. we

i'll be speaking with the ceo of chevron, mike wirth will be here 8:30 a.m. eastern ooh.t joe biden's failed energy policy, what to do about it. that's coming up right here on "mornings with maria." stay with us. ♪ just dance. ♪ it will be okay. ♪ just dance. ♪ at fidelity, your dedicated advisor will help you create a comprehensive wealth plan for your full financial picture. with the right balance of risk and reward. so you can enjoy more of...this. this is the planning effect. maria: welcome back. now some of the other headlines we're watching this morning. disturbing new video connected to the still unresolved idaho murders. two victims, e seen on surveille video walking with a mystery man just hours before they were killed in their off campus home. the video originally found by a facebook group dedicated to helping solve this case. it was turned over to moscow mos authorities this week. the european commission telling meta it is likely breaching eu's anti-trust laws by distorting online competition in the classified ad space. the commission says by tying facebook mar

new details and the murder of a chevron gas station worker in antioch. his family is now speaking out. 36-year-old james williams died last month after an armed robbery at the chevron. abc 7 news reporter spoke with his family. >> he was trying to do so good at he was trying to be on the right path. he was going to get married, everything. reporter: she says everything changed for her family after she got the call that her fiancÉ, james williams, was killed following an armed robbery at this chevron gas station in antioch. >> we lost some thanksgiving time, we have to bury him around christmas. his kids will never get to spend that with him. reporter: last saturday, he was working the overnight shift and he was rubbing on point. the district attorney says surveillance footage shows after the two suspects took off on foot, williams dropped a gun and took off after them. limbs fired first, hitting a suspect police identified as 19-year-old ronald jackson. jackson allegedly then returned fire, which police say ultimately killed williams. >> even if they fee

chevron chose mary or more than 450 nominations as their teacher of the game. niners nation showed plenty of red and gold gloves . cheering her on the entire time she was on the field. >> gets louder and louder as fans get to know the program a little bit more. >> such an amazing experience. >> that was amazing. you have no idea. >> with their teacher of the game, mary lee, kpix 5. >> love to see the 49ers foundation and chevron are recognizing a total of 10 teachers ac rthe california. sh season is all about the local food bank. explains why fresh. us will make a big difference for those in need. finding a safe space for those two three. the unique (vo) it's a fact! two out of three americans who qualify for medicare do not receive all the benefits they deserve. you could be missing out! now anthem blue cross introduces a free medicare plan checkup to make sure you receive all the benefits you qualify for in 2023. call 1-866-336-3448 today and receive extra benefits for a zero dollar monthly premium. benefits like dental, vision, hearing and prescription drugs

shop here at the chevron, it's $4.49 at the chevron that we were about an hour goes $4.59. so it all depends where you go. of course, if you go to these brand names like chevron and shell, you might be paying a little more. but if you go to some other ones that i'm not as these brand names, it will cost you a little bit last. if you are headed out on the roads. >> like i said, leave now. those roads will be congested by this afternoon. so far we haven't seen too many travelers at this gas station. the drivers that we have spoken to say that they are. that they're just headed to work this morning. so later on this weekend, they will head out on the roads, but he take a look at what this guy had to say. young's on a comeback. i'm even trying to move. >> closer, the worksite in his walk. so i can just take driving factor out of out of my life. the only presence anybody's getting is my presence on the right there with you. sitting on the couch laughing and eating your food and taking it home so i relate. >> while rayna james, not everyone is happy about the gas prices still, we

but it's in a public letter, you might remember it, to the ceiling the board of chevron some number ofolder proposal in 2021, that was supported by blackrock and c street and vanguard which can majority support in opposing scope three emissions reduction targets and chevron and that is to say not only the mission but the emissions of anyone in the supply chain including even customers i don't think that makes business sense for companies like chevron somehow to save we work with another shareholder to craft a shareholder resolution it would rollback that toxic effective at 2021, shareholder resolution they were forced to adopt and something similar at home depot happen with a racial equity audit to, bring your do the politics into the hiring great american company, the need to be rolled back because that also creates legal risks for the company and for shareholders and were the things we'd else was the positive development that we've seen the difficulties with the gauge would like exxon, to whom i sent a letter calling for greater diversity of thought of the board room and guess what,

we want to thank chevron, not only for supplying oil but for supplying help for us here in making this celebration happen. we want to thank shine the light, representatives here for their support and we also want to thank genesis for their support of this event along with the foundation. we also want to thank who are here with us, the katz family, atul c -- adelson family foundation. mark and nancy help. isaac and hilda appelbaum. the epstein family who are hill that she who are here with us. rice berg, mill bauer who are here with us. the voice of the recycling industry who gave us the aluminum and menorah labor to make that menorah behind us -- aluminum and labor to make that menorah behind us. thanks for traveling all the way from colorado. we are now going to light the menorah. we ask that everyone please remain seated until we make important announcements after the lighting is done. please return to the stage for the blessing. ♪ ♪ ♪ ♪ ♪ ♪ ♪ [applause] [applause] >> everybody please rise. [applause] ♪ ♪ ♪ >> our own strength did not fail us, but it was challenging. it's not easy to

posted a photo with the chevron of the ss division dead head on the forum of the mexican interpretationf fascist symbols, a recognizable skull in a wide-brimmed hat another photo with a shotgun at the ready. and what a characteristic nick he has panchito waffen and here he is with his comrades-in-arms, so to speak, everything is like cheap horror characters and vertman is not at all far from the first monster in the ranks of the so-called zelensky international legion , confessed to the brutal massacre of a russian soldier there is an audio recording ukraine invites such people not only sadistic psychopaths adherents of all kinds of exotic cults, these are the people who are the norm for modern ukraine that's about these devil worshipers. back in the spring, we told the pmc a group of advanced observations. they have satanic flags, symbols and with the image of a canoe there is such a club of war criminals. uh, canoe means a cracking skull, shot in the back of the head of a prisoner. it's strange that the maniac vertman is not yet in this pmc. and that he is still alive in general, howe

the family of a chevron gas station worker now talking about their loved one who was shot and killed6-year-old james williams died last weekend following an armed robbery at the chevron. abc7news reporter spoke with his family. >> he was trying to do so good, he was trying to be on the right path. he was going to get married, everything. reporter: everything changed for her family after she got the call that her fiancÉ james williams was killed following an armed robbery at the chevron gas station in antioch. >> we have to bury him around christmas, his kids will never get to spend that with him. reporter: he was working the overnight shift when he was robbed at gunpoint. the contra costa county district attorney's office says surveillance footage says that after the suspects took off on foot, williams grabbed a gun and raced after them. williams fired first, hitting the suspect to police identified as 19-year-old ronald jackson. he allegedly then returned fire which police say ultimately killed williams. >> he was at work even though -- they went in his store when he was on the cloc

but i would see that chevron is still an owner in four joint ventures down in venezuela.small amount of operation there. i think we should look at this in a different context as a step between maduro negotiating with the opposition to get some funds released for humanitarian a efforts. this shouldn't be looked at as the reopening of the venezuelan oil industry with its 300 billion barrel of oil reserves. and in fact, if we were to expect any increase in production, it's really either six months or many years down the road as the industry needs to refurbish a decrepit infrastructure. liz: andy, good to see you. thank you very much is. andy says no production increase come sunday from opec, we'll see. >>> the dow is now down 44 points. ♪ at walmart, save on thousands of gifts for everyone on your list. the savings are here all month long. plus get delivery on your gifts in as fast as one hour, right up to christmas eve. shop walmart online or in-store today. millions have made the switch from the big three to the best kept secret in wireless: xfinity mobile. that means mill

antioch police say two males walked into the unlock chevron store around 2:00 a.m. and rob the place. >> james william, the clerk, chased after the suspects in the parking lot and he shot towards both of our suspects. reporter: that happening moments after williams told his coworker this. >> he said, somebody is trying to rob us. stay here. reporter: williams had a gun and fired at the two men running from the store. >> he did hit one of the suspects. 20-year-old rommel jackson junior in the leg. reporter: jackson fired back, striking williams in the chest and leg. one of those shots proving to be fatal. police say jackson, who is in their custody at the hospital, and another man who has not been caught stole cash and cigar papers. police haven't said how much money was taken. williams coworker annette says less than 150 dollars is kept in the register at all times. as for charges against jackson. >> the case was presented to the district attorney's office and they filed robbery, possession of stolen property, and a firearm enhancement on mr. ronald jackson junior.

a chevron fighter of the ss division is a dead head against the backdrop of zelensky's meeting with the military in the same artyomovsk and ukrainian units began to beat on residential buildings and a social facility , an officer of the people's militia of the lc speaks about this. andrey marochka, i quote, began to resort to scorched earth tactics. this is so, they are protecting people, meanwhile, informational preparations for the withdrawal of the armed forces from artyomovsk are already in full swing, arrestovich said last week, well, bakhmud has no tactical or strategic significance for the armed forces. yes, why did they concentrate heavy weapons there and transfer thousands of trained ones there? mercenary joint units are actually very important because after the zabakhnuty, a direct road opens to kramatorsk, slavyansk, those firing points that are now concentrated along this line, in fact from uh from the western north to the southwestern borders of the donetsk people's republic. and this is the direction. if this line of defense is broken, then, in fact, further. there, to the

that's why at chevron, we're increasing production in the permian basin by 15%. we're projected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. you want to see something cool? xfinity rewards is how we go beyond saying thanks. so we're going to spread the joy this holiday season, the xfinity way. take your trusty sidekick to see puss in boots: the last wish what's a puss in boots? he is me. with buy-1-get-1 movie tickets, on us. in theaters christmas. join for free on the xfinity app. xfinity rewards. our thanks. your rewards. >>> stocks looking to end the week on a positive note after the s&p snaps the losing streak. futures pointing to a lightly higher open. >>> the biden administration looking to put a top to microsoft's activision merger. >>> and is it over the latest quarterly results for lululemon. it is friday, december 9th, 2022 you are watching "worldwide exchange" here on cnbc h

ceo of chevron mike worth calling for balance discussion on oil policy on this program yesterday, hisx coming up. and then from our family to yours, merry christmas from the mornings with maria crew. here is our nat, stage manager, baby bella, nicky, one of our operators. ♪ ♪ ♪ ♪ ♪ what should the future deliver? (music) progress... (music) ...innovation... (music) ...discovery? or simply stability... ...security... ...protection? you shouldn't have to choose. (music) gold. your strategic advantage. (music) visit goldhub.com. when people come, they say they've tried lots of diets, nothing's worked or they've lost the same 10, 20, 50 pounds over and over again. they need a real solution. i've always fought with 5-10 pounds all the time. eating all these different things and nothing's ever working. i've done the diets, all the diets. before golo, i was barely eating but the weight wasn't going anywhere. the secret to losing weight and keeping it off is managing insulin and glucose. golo takes a systematic approach to eating that focuses on optimizing insulin levels. we tackle the cause

antioch police say two males walked into the unlock chevron store around 2:00 a.m. the place. >> james william, the clerk, chased after the suspects in the parking lot and he shot towards both of our suspects. reporter: that happening moments after williams told his coworker this. >> he said, somebody is trying to rob us. stay here. reporter: williams had a gun and fired at the two men running from the store. >> he did hit one of the suspects. 20-year-old rommel jackson junior in the leg. reporter: jackson fired back, striking williams in the chest and leg. one of those shots proving to be fatal. police say jackson, who is in their custody at the hospital, and another man who has not been caught stole cash and cigar papers. police haven't said how much money was taken. williams coworker annette says less than 150 dollars is kept in the register at all times. as for charges against jackson. >> the case was presented to the district attorney's office and they filed robbery, possession of stolen property, and a firearm enhancement on mr. ronald jackson junior. reporter

. >> harris: white house energy advisor is trying hard to justify the administration allowing chevron to drill in venezuela and rolling back sanctions against that nation's brutal dictator to do so. >> he doesn't invite the major oil companies domestically to come to the white house to talk about increasing production. we go to venezuela. these are the things that critics would say don't make any sense. >> the license to venezuela is very small. production is tiny. the amount of oil that will come to the united states is not all that significant. outside of wry alt the profits aren't going to go into the hands of the maduro regime. >> harris: the real problem with this. when you capitulate to a bully you embolden them. maduro urged the united states to ease more sanctions on the country's oil industry. quote the licenses, all of them, the public and non-public ones granted for the u.s. government to chevron are on the right track but they are not enough for what venezuela demands. >> let's not forget venezuela kicked out the american companies. they voted to become a socialist country

juan: you were talking before about chevron. the united states imposed heavy sanctions on venezuelan-owned citgo. what is the situation? >> that has not changed at all. citgo handed over to the opposition so the venezuelan government [inaudible] the respin very little that has changed in that sense over the term of the sanctions. sanctions have not worked anywhere. they increase the suffering for the ordinary venezuelan people. that is what is really tragic about the immigration policy and the application of title 42 and continued sanctions in venezuela as well. amy: i wanted to ask you, professor, about the agreement. the government of maduro and guaido, what has been brokered? >> the negotiations will resume. there's another problem. guaido's term in office is set to expire. with a new year comes a new assembly of leadership. there is a major potential split within a unified opposition over whether guaido should continue or not. [inaudible] other say that policy has failed and we need new leadership and therefore, there is a s

as a reminder, the soldiers have already left more than 1,500 chevrons in the cafe.o flags with signatures and words of thanks. they leave it as a souvenir and that's how they go around and leave it in a cafe, they plan to feed the military for free until victory. and it's not an honor to promise to arrange a whole banquet because we can't set it up and the girls don't want to stop because they're generally used to it and we're used to it. even you and everyone girls who work here with us, men, brothers , fathers of the armed forces of ukraine, yes, sons-in-law, well, we all read that we are all one family and ukraine will definitely win , everything will be fine oleg reshetnyak lilia kocherga hryhoriy zub tv channel rada nationwide marathon united news, these were the main news at the moment, the next issue is in less than an hour. well, the company marathon and a continue together. my colleagues tetyana goncharova and nazar are long-time friends. congratulations, i wish you and the audience are calm. you have a word this morning . do not issue a new one, it seems t

refiners are contacting chevron, and the vessel owners to get in line for the action.t some of that. now this. megan markle pledge to reach 0 x 2030 so why is she traveling by private jet? the senate runoff race in georgia is four days away and senator rafael warnock is bringing in the big guns. will it be enough to sway voters? aishah hasnie will have the full report next. ♪ ah, these bills are crazy. she has no idea she's sitting on a goldmine. well she doesn't know that if she owns a life insurance policy of $100,000 or more she can sell all or part of it to coventry for cash. even a term policy. even a term policy? even a term policy! find out if you're sitting on a goldmine. call coventry direct today at the number on your screen, or visit coventrydirect.com. first psoriasis, then psoriatic arthritis. even walking was tough. i had to do something. i started cosentyx®. cosentyx can help you move, look, and feel better... by treating the multiple symptoms of psoriatic arthritis. don't use if you're allergic to cosentyx. before starting...get checked for tuberculosis

that's why at chevron, we're increasing production in the permian basin by 15%.cted to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. >> this is bloomberg markets. i am m alix steel with jon erlichman. carvana shares are higher as the dealer is consulting with bankers and lawyers regarding options for managing its bank load -- debt load. eliza, what is carvana doing? what are its debtholders doing now? what -- >> carvana has almost $6 billion of debt outstanding and the holders are worried the company will not be able to repay all of it. that includes heavyweights in that world like apollo, pimco, blackrock. they hold the majority of the debt and they have banded together to make sure carvana cannot pull any new financing move that will prime them, in other words, take precedence, mean they are supported dated in the stack of creditors to get repaid if anything is liquidated. >> based on yo

did you see the, i guess expanded buy back and spending plans by chevron and exxon last night and chevroning budget, increasing budget to $17 billion and exxon is expanding that range as well. stu: that's not stock buy back is it? susan: exxon is increasing stock buy backs as well. stu: that'll help. susan: but don't forget, the government said you don't invest enough here in oil and gas and the fact that they're increasing their expenditures, a lot coming here to the u.s., that's positive. stu: got it, susan, thank you very much indeed. check the big board and we've been in business for all of six minutes and the dow is up about one-third of one percent at 33,700. who are the winners among the dow 30, i'll show you there. we have the top winner atlassian corp. and chevron and boeing and big winners of s&p and las vegas sans, wynn resorts. that's pretty good. and nasdaq composite winners, please. headed by net ease. susan: china stocks are again recovering. stu: there you go. all good. susan: you say it so well these days. stu: check the 10-year treasury yield, please. the yield is 3.49%.

. >> did we do the chevron capex >> no, we didn't come to chevron either we should hit both, becausehey are both out with their plans, to carl's point, organic capex at chevron, $14 billion. >> what tudo you think of that >> i'll leave that to you. >> i just care about the -- mike wirth has been saying over and over again he can buy a quarter of the company with a buyback. stock's been terrible lately it's just so weird that the oil market is often constrained by the chart. and i don't mean that negatively there's just a lot of trend followers who are -- who look at oil, say it's going down, and they sell chevron. but mike wirth, i'm sure, would be willing to buy that chevron, unlike, by the way, jonathan gray, who did not say, we like to buy what they want to sell. we have buyers who want to take advantage of this. i didn't hear that >> right >> he's up in boston he said he's up in boston. maybe he should have said, and we found buyers because it's substantially below where they want to sell and substantially below the worth. >> buyers for the properties >> right >> well, they did t

the incident happened at a chevron station in antioch early saturday. the da said jackson and another man were fleeing the robbery. juan williams chased and opened fire. jackson was hit in the leg and returned fire, killing williams. the da's office says jackson's action is considered self-defense, that the victim cannot use deadly force to pursue another in order to retrieve. >> property that has been taken from them. the threat of imminent and immediate harm to their life has come to an end. >> another man involved in that armed robbery is still at large. the police are hoping for information from the public. oakland police arrested 3 people who they say are connected to a carjacking. >> the incident happened on ransom avenue on sunday. it's an east. oakland police say a woman was leaving her vehicle when she was confronted by 3 people. one of them grabbed her purse. the victim was allegedly dragged along the ground before the 3 people fled in her car 3 days later, the carjacked vehicle was found on highland avenue. police say they made the arrests af

well, it’s natural ukrainian chevrons, chevrons of the armed forces of ukraine and anvars , the headonduct some kind of polls on the territory of belarus , some independent ones, and here they are the latest, er, they found out that somewhere around 16%, er, 16% of belarusians are ready to leave us mass protests believe that the situation in the country is developing wrong someone will say that this is not much, but i will remind you that the protest mood of ukrainians was not higher either on the eve of the orange revolution or on the eve of the revolution of dignity, the numbers are the same somewhere, it's just that these were people who were ready to come out in reality and in fact the 10% that came out, they provided a change, an absolute change in the configuration of the government, and i don’t know the country’s agenda. how do you feel about these results? you understand because he and i will see , but we in belarus live in the soviet union’s komanlka, and the old radicals are absurd because that i even feel that i am talking, time is running out, do you see these tracks, for

they don't have any oil to give us, they have to use it at home. >> it is and chevron is sending overo that country to try to triple their oil production while here at home we're restricting oil production on u.s. lands, where it's condon a lot cleaner and better. to make this kind of a move is really counterproductive and really doesn't help the u.s. situation. david: and by the way, perfect example is what's happening in the gulf. mckenzie and company came out with a good report showing we could pump an extra two million barrels per day from the gulf of mexico and it's much cleaner. we do it, we pump it in a cleaner way and it burns cleaner, burns about, it has, sends off about half of the emissions that oil does from elsewhere in the world. >> it really is. when you import dirtier oil from venezuela, you don't encourage u.s. refiners to retool and get prepared to burn cleaner oil. and so, that's bad for the environment as well. you know, i would say president biden in his green energy agenda, you know, really has been terrible for the environment because what's gone on because of t

well let's look at exxon and chevron. $25 billion of cap-ex for exxon. $17 billion for chevron.o they are doing a lot of stock buybacks while they are two of the leading dividend-payers and dividend growers. they have each grown the dividend 40 years in a row while they represent two of the biggest investors into the future that we have in the stock market. charles: so if anyone from the administration is watching, there is your answer because -- >> yes. charles: it has become political fodder. i agree with you. the sector looks extraordinarily cheap in so many different ways. i do want to ask something i saw from you that you wrote about 2023. you say ask the same question investors should always ask. what is that question? >> i think investors always need to ask where is their value? that is not reflected in the price. this was the huge problem with fang investors coming into 2022. admittedly it isn't their fault. they got numbed because every year you thought it was pricey and it kept going higher. kept going higher. bubbles have a way of doing that, where things get too expe

that's why at chevron, we're increasing production in the permian basin by 15%.rojected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. >>> every year we head into the home stretch i spend time focussing on the best stories of the last 12 months, the highlight of what worked and maybe see what could happen next year this year is pretty straightforward because as of at least today, one sector posted meaningful gains for 2022. that's energy. the price of oil is down listen to me when you look at the performance of all 11 sectors in the global industry classification standard, nothing comes close. the s&p energy select sector, the etf is up 53% and second place you have utilities, you used to -- a nice gain to get up to 1% for the year the consumer staples, health cares, industrials are down single digits. terrific everything else is awful if you're looking back to the beginning of the year,

that's why at chevron, we're increasing production in the permian basin by 15%.track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. everything here is... philadelphia cheesecake. ♪ ♪ ♪ cheesecake is everything ♪ bake your own. where can you go for family fun... and do your holiday shopping all-in-one? lowe's, actually. the final days of winterfest are here. save now before they're gone. ♪ >>> hi, lisa. can you hear me okay? >> yes. >> okay. great. we're going to start with the first two scans. >> that's me in the mri machine. i'm about to have my brain scanned, as part of a series of tests i'll undergo here at the university of california's addiction lab in los angeles. the team, led by clinical psychologist, laura ray, is studying how alcohol affects the brain, and with the data, searching for a pharmacological intervention, a pill to help people quit. >> now we have a low-res picture of lisa's brain here. >> unlike opiates that affect one part of the brain, alco

pharmaceutical stocks, consumer staples like procter & gamble and coca-cola and energy stocks like chevron this is the story all year they're called value stocks, folks, generally, most of them are value. they have been the big story this year in the dow that's why the dow has been outperforming everything else and that's happening again merck is at a 52-week high and caterpillar is at a 52-week high new lows today, two big names you know and love. tesla down again tesla is driving the nasdaq 100 down l rivian's weak and apple just hid a 52-week low. that's a big story, of course. that's been avoiding 52-week lows, but not anymore. as far as where we go next, semiconductors are having a problem. there's two reasons semiconductors have been weak. one is the fallout from micron's announcement last week about the high inventory levels. that's a read through to the whole industry, overall. but the succeed big reason is what kelly just mentioned to you a moment ago those are those bond yields. we were in a period where bond yields were descending for a while now, and we were 4-3 to 3-4 on the t

chevron, up 52%. avrck, 44% trelers, amgen, and caterpillar round things out we're back after this. >>> welcome back to "the exchange." we are ending the year much like we started, with markets lower the dow is down 329 points this is definitely session lows right now. the nasdaq down 1.25%. and today will have such a big impact on those stats, like bob mentioned. is the s&p going to be down 20% or not, we'll find out according to bespoke, this december is tied for the third most 1% declines in the s&p during the month in at least 70 years. there were eight 1% drops this year, 7 in '08, and six this month, marking the fifth time that's happened since the 1970s. again, it's been a very ugly end to the year. as for today, big tech in the red, apple shares holding up slightly better, down about 1% big tech also -- i'm sorry, apple also outperforming this year you can see it's only down 28% microsoft, a similar decline alphabet down 40%. amazon has lost half of its value, meta down 65% and of course, in t

that's why at chevron, we're increasing production in the permian basin by 15%.rojected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. go. go air that runs factory. go sensors and software. go find leaks. go fix-em. emerson technology detects compressed air leaks to save manufacturers, like colgate, over 20% in energy costs. go brush your teeth. go boldly. emerson. ready to shine from the inside out? say “yes” to nature's bounty advanced gummies and jelly beans. the number one brand for hair, skin and nails. with two times more biotin to bring out more of your inner beauty. get more with nature's bounty. if your business kept on employees through the pandemic, innovation refunds could qualify it for a payroll tax refund of up to $26,000 per employee, even if you got ppp. and all it takes is eight minutes to find out. then we'll work with you to fill out your forms and submit the applicat

james williams died after an armed robbery at the chevron. >> he was trying to do so good.re going to get married and everything. reporter: everything changed for her family after she received word that her fiance was killed following the robbery of the gas station he worked at. last saturday, he was working the overnight shift when he was robbed at gunpoint. surveillance footage shows that after the suspects took off on foot, he chased after them. he fired first, hitting a suspect identified as ronald jackson. he allegedly returned fire, which ultimately killed williams. it's >> they went into his story and did that while he was on the clock. that is not ok. reporter: the eyes of the law, they say it was no longer self-defense and the suspect will not be charged with murder. >> the robbers had not met a place of safety at the time, but the analysis is that now they are under a deadly attack when such an attack was not legally justified. reporter: as she sits with her newborn on her lap, she is reminded that her daughter will never know her father. they are not happy that a

of the brigade, with your permission, this is the chevron, we will go with a carol to constantinoplech and ask for prayers for our victory and for peace , in memory of the train, the fighters sign the flag which the priests will keep as a relic when they were choosing repertoires, they wanted to choose some of these carols, more cheerful and lively . military hospitals here, doctors ask the music not to be played too loud, many soldiers have concussions, the doctors do not even collect the soldiers, the choir begins to sing just in the corridor, the doors in the wards are opened to everyone who can come closer, many wounded in front of their eyes tears are very real to us. we don't hear that there, so no. for lives a little later, yes, we knew we would sing there. 100% of the clergy of the orthodox church of ukraine is moving on. kherson region has been beaten by the enemy, once such cozy ukrainian villages, here is smoke ahead and kherson itself is gutted, the military warned an hour ago the enemy launched a powerful bombardment of the city, aimed a rocket at the regional state admi

the chevron clerk chased and shot at them.jackson was hit in the leg and returned fire, killing williams, the da's office says jackson's action is considered self-defense. >> victim cannot use deadly force to pursue another in order to retrieve property that has been taken from them. when the threat of imminent and immediate harm to their life has come to an end. >> the da has williams death will be a substantial factor in jackson sentencing. the other man involved in the armed robbery is still at large. >> well, a 7.11, rain, snow and fog all on radar. what you need to know before you head out the door where can you save time shopping... and spend quality time, at the same time? lowe's, actually. this holiday season experience the magic of winterfest. ♪ for skin as alive as you are... don't settle for silver. harness the power of 7 moisturizers & 3 vitamins to smooth, heal, and moisturize your dry skin. gold bond. champion your skin. >> welcome back. rain continues to fall across the bay area. we can see it lighting up radar

chevron up is barely exxon up 1.4%. exxonmobil raised salaries 9%.nal 5% for anybody who got a raise. >>> let's talk real estate manhattan real estate. where are rents -- not where are, but where rents are stubbornly high. robert frank has the sad story for renters in new york. what's going on? >> andrew, it is sad for new york manhattan rents saw another increase in november the median rent up 2% for the month and now up 19% from last year the average rent in manhattan over $5,200 a month. this creates two problems. one for affordability and the other for fed. rents are a big component of cpi. new york is the largest rental market rising rents in manhattan will put pressure on the cpi which puts pressure on the fed to raise rates. soaring rents are pricing out younger new yorkers who cannot afford it anymore. new leases fell 39% in november. that's the biggest decline since the start of the pandemic in 2020 brokers saying renters are facing rent hikes of 20% or more from the leases. they are simply leaving or downsizing the declines in leases hittin

then you look at a stock like exxonmobil or chevron up 40 -- 65% on the year do we see a repeat of that does that change in '23? >> so a i don't think you are going to see reverse happen i put a loft analysts coming out saying all tech names that have come down jump in those names you are going to see is a reversal next year would i be very cautious to do that we are still in same setup that we've been in we still have high inflation, we still have central banks that are raising rates i mean bank of japan last kind of hold anchor on yields we saw that go up overnight i think you are going to continue to be in the same situation so i wouldn't make a big shift just because we're going into a new year. if you are a longer term investor you want to kind of dollar average your way in to some tech names that have gotten hit tremendously, fine be careful amazon is going to face same headwind they faced last month going to face those next month energy, look. we still have a lot of geopolitical issues going on i think you still have support of energy names going forward so i wouldn't eliminate t

the 49ers and chevron chose mary as their teacher of the game. cheering her on the entire time she was on the field. >> we've been doing it now for two seasons. the roar just guests louder and louder, as our fans get to know this program a little bit more. >> to be chosen was such an amazing experience and honor. >> that was amazing. you have no idea. >> reporter: with our teacher of the game, mary lee, kpix 5. >> and the 49ers foundation, and chevron are recognizing a total of ten teachers from across northern california this season. i love the fact that they're doing this. >> she is scoring touchdowns in the classroom. we need more teachers like her for sure. >> i also like to see how they incorporate the niners into the classroom. >>> it is 6:41, for those still working, do you feel you get enough time away from the office? >> no. >> okay. next, what a new survey just revealed about the u.s. and vacation time. >>> and keeping an eye on first alert doppler this morning. there's still rain out there. this is the last storm we've had for the last

that's why at chevron, we're increasing production in the permian basin by 15%.re projected to reach 1 million barrels of oil per day by 2025. all while staying on track to reduce our carbon emissions intensity in the area. because it's only human to tackle the challenges of today to help ensure a brighter tomorrow. ritika: time for a look at the biggest business stories. exxon mobil taking some of its profits and boosting is chair back program. it will not repurchase 50 buying dollars in stock through 2020 for this is different from their previous plan to spend a billion dollars through next year. their third quarter earnings were the highest in company history. a federal court in california will look into metaverse. u.s. forces want to stop the parent of facebook from buying the virtual reality startup within the federal claim -- trade -- and. the price of west texas intermediate jumped today after the keystone oil pipeline was shut down due to a leak. the league took place in nebraska. no word on where the pipeline will be in operation. that is your latest bus

and it is very wonderful when there is always a souvenir chevron badge. uh, something else, a keychain of some kind of belarusian rear sight of the belarusian antarctic expedition, which you can get as a gift. it's not just good manners. this is exactly the promotion from our polar national brand. the experience of family life in 1980, here the spouse, giving consent to marriage with me, in principle, had to represent, because she married a geographer of a senior student, that moment, therefore, purely theoretically she could imagine what awaits her, but before the wedding we had known each other for quite a long time. and how would i think that the characters and way of life of each of us for each other should have been predictable to some extent. therefore , ah. i think that my subsequent service is work, long trips, business trips and so on. uh, well, they didn't come as some kind of unpleasant surprise for her, of course, it's hard. e burden i am now maybe later. for many years i understand that three sons have grown up with us. uh, two of our relativ

very much great reporting, on monday join us for special interview i will be speaking with ceo of chevronn the company investment in renewable energy and permian basin join us for that as we talk about energy policy with chairman ceo of chevron this upcoming monday, quick break then we turn tables on me, and ask maria hollywood edition find out a few faist christmas things right after this. . ♪ snowflakes on my knows eyelashes, these are a few of my favorite things, when the dog bites when bees sting when i see things ♪ . did you know your health has more to do with your zip code than your genetic code? that doesn't seem fair. we agree. but where you live determines access to doctors, green spaces and fresh food. that's why we grow our own. smart. we don't think it's right that some people are healthier than others just because of where they live. that's why we're delivering food to areas with less access to it, and helping schools teach kids about gardens. wish they'd taught gardening at my school. you would have aced it. introducing elevance health. where health can go. what should the

here is charles payne in "focus" yesterday. >> we send these chevron engineers down there and they starto retool these oil rigs and bring fresh technology down there. we are helping them immensely, immensely. not about the amount of oil they get out. it's about the know how they have lost in the last two decades because they didn't have our experts running the show. why aren't with doing this in texas and north dakota? >> harris: why aren't we. two blistering op-eds today. why is joe biden codling nicolas maduro? the answer appears to be that the united states still has an election scheduled in 2024. biden needs oil to start flowing again but his administration is so owned by environmentalists he would rather empower a brutal dictator than do his job. steve hilton. host of the next revolution. i would take an energy revolution to sustain ourselves which we know we can do. >> everything about this is so infuriating. let's go through it one-by-one. the last point you made there saying it is true the environmentalists try to parade their climate credentials. this isn't even a win for the en