vushniki go on the air with a chevron, isil banned in russia on the forum quite a sign for the terrorist kiev regime, and they do not hide at all. why the west is ready close your eyes fastening, bandera's chevron and tema not only don't appear lubyanka prosecutor's office of the ministry of defense werewolves vyshyvanka with stinks to russians from ukraine there are about a thousand call centers that are engaged in extortion and deceit. how not to lose a single ruble and make a fraudster sing the russian anthem , the last warning of the most curious will turn the russian mission into space debris. once again he made it clear spying on our troops in favor of ukraine is not allowed, nor by a military non-commercial satellite. what are our there are technologies to protect against surveillance, the consistent policy of russophobia has finally borne fruit. poland creates the largest land army in europe, moreover, with the fertilizer of the united states why washington chooses to support warsaw and not berlin or paris uncle sam's back was, but he still dreams of taking over the world satyrs

i sold chevron and we did talk about this a little bit just in december i sold chevron where there wasn'tng to be a capital gain and sold chevron out so i could deal with the capital gain and starting to replace it this year hoping pioneer would come down which it has. i don't know if it will be today, monday, but we will continue to add. >> the bottom line is you will be out of chevron -- >> and into pioneer. this is not a statement on the energy market overall or wanting exposure it's a statement on the dividend yield of the portfolio i swapped a 3% yield for an 11% yield. it's variable on pioneer and that's a big difference but for right now with the certainty that we have and where oil prices are and how they're paying out that dividend, i think it's certain enough i'm comfortable with the trade >> you're my guy, joe. you have both in the joet, even through the rebalance you did, correct? >> i own pioneer personally. that's super smart >> thank you. >> it's a great strategy, a great explanation, that's exactly what investors should be considering right now. overall talking about what'

consider chevron in late january, chevron announced a $75 billion buyback.rter coupled with a four-year production forecast that some people thought was light since then, the stock's down more than 14%. today chevron hosted its annual investor meeting where management reaffirmed its long-term financial targets. even though the price of crude also rallied nicely, the stock couldn't catch a break could this be a buying opportunity, or do we need to exercise some caution? let's check in with mike wirth, the chairman and ceo of chevron. mr. wirth, welcome back to "mad money." >> thanks, jim it's good to be here. >> i think there's a sense that things are crazy at chevron, up and down i look at it as completely consistent in an up and down business is that the message you conveyed today? >> it's exactly the message we conveyed today, jim. we're growing supply we're lowerering carbon intensity. last yeah u.s. oil production was the highest it's ever been in our 143-year history. we've reduced carbon intensity 20%, and we're the second largest based biodiesel produ

chevron is down.- >> let's let joe deal with that question the linkage between the commodity price and the performance of the equities, and then we are taking a break >> jenny mentioned 140 the high last year for the price of oil was 130.50. you did not spend enough time above 120 to really impact the earnings ability of energy companies. i think there was only seven days, the entire year, where the stock price of oil was above is 2 120. what is the average pricing over a yearly basis, which is more in the sweet spot of 80 to 85 that's the right range to think about it as long as you have that support, i think energy equities will do well you mentioned something interesting, which is energy gives you 10% and that means everything else doesn't do well. china reopening, and we talk about that on the network. china reopening means a higher price for oil and that means a higher bumpier inflation path which remains -- >> why are you talking about a potentially peak commodities and then on the other hand ch

now the reason chevron is getting so much attention, if you look at the amount of buybacks chevron hasten years, it's not that massive comparatively speaking in ten years they spent $22 billion on buybacks, not $50 billion, not $100 billion, not $150 billion they don't typically do buybacks when they announce a $75 billion buyback, that's effectively, tyler and kelly, more than triple in one buyback announcement what they bought back in their own stock effectively over the last ten years. >> i've been curious about buybacks are they open-ended in that they can take place in the $75 billion can be spent -- >> at the discretion of the company. >> it could be over ten years. >> they tell you every quarter how much e bought back in the stock. >> dom, thank you very much. and thank you for watching "power lunch." >>> "closing bell" starts right now. >>> that post-fed sugar high is rolling on for the s&p sitting at its highest level in five months and the nasdaq up sharply as meta surges on earnings this is the make or break hour welcome to "closing bell." i'm sayra eisen the dow is lower, 2

tomorrow chevron ceo. a huge buyback. there is a gap between chevron shares and exxon shares. it was the prize company. chevron is playing catch-up because they have a lot more opportunities to grow. talking about that dynamic will be quite interesting. guy: going to be interesting to talk about that as well. catch-up and humongous. sonali is going to sit down with goldman sachs president and ceo. bloomberg television and radio looking to see what john has to say. burke radio, much to say there. inflation out of the euro zone. massive repricing of the ecb. now 4% this is bloomberg. ♪ . >> from the world of politics to the world of business, this is balance of power with david westin. david: from bloomberg world headquarters in new york to our television and radio audiences, welcome to "bloomberg balance of power". and that challenged president biden proposal to forgive student loan debt. elizabeth, what have we learned from the oral argument so far?

it looks like she used the same ukrainian picture with kurt in her story, where the idiotic chevron ise obscene forum, no doubts, no comments, that is, the west was not at all embarrassed that in the ranks of the ukrainian army a person with a patch of an organization from which the international coalition, allegedly fought for more than a year. which the world press called evil incarnate, how is it all with them in general does it match? very easy to match. we saw perfectly well that there are satanists and foreigners and inna eonazis and admirers of hitler, why there are needles, plus this can again be seen as an attempt to play the card of radical islamism against russia, that is, not the first time it has been repeated in its time. remember bin laden was grown by the americans in order to incite the soviet union, and now they have grown anti-russia from ukraine, the terrorist regime, the head of the main intelligence directorate of the ministry of defense, budanov, even that summer threatened to our country with terrorist attacks and the british press with pleasure. all this was re

even his call sign is known as kurt and there are plenty of photographs showing all the chevrons of aeeve - ukrainian militants. they love the symbolism of misfortune, but, on the other hand, the very mistake of kurt’s igil, banned in russia , flaunts such an impression when she asks the west for planes and missiles to win. he does this on the air of ukrainian tv channels as soon as possible. we forgot the promo in order to win we need rocket aircraft danish television. it looks like she used the same ukrainian picture with a kurt in her story, where the isis chevron on the form of obscenity is clearly visible, no doubts, no comments, that is, the west was not at all embarrassed that in the ranks of the ukrainian army a person with a patch of an organization from which the international coalition , allegedly fought for a single year, which the world press called evil incarnate. how do they all fit together? very easy to match. we saw perfectly well that there are satanists and foreigners and inna eonazis and admirers hitler, why is there a needle plus in this , again, one can see an a

can chevron bridge the gap with exxon?e: the oil companies, as you all know, we think it is easy to think relative to a lot of things in stock market land. i know people are excited about their buyback announcements. they can go out and buy other companies more attractively than they can buy their own stock. the consolidation industry is what is coming. that is the only part of it. we own chevron, our smallest oil position. we think there's a lot more attractive things out there with they should be taking advantage of it. i saw some smaller deals going on today. there should be a lot more mega deals going on. i do not see that much going on right now. alix: always get your perspective. thanks a lot. chevron is holding its investor day today. i will be speaking to the ceo, mike, tomorrow. another company, goldman sachs. one key update appeared the bank says it will take another two years to break even on its business. this is bloomberg. ♪ ♪ we all have a purpose in life - a “why.” maybe it's perfecting that special place th

also looking at chevron.ks and the potential repurchased stock rate despite the decline we seen in oil prices. this goes to the central thanks of oil companies despite some of the pushback. you are still seeing them not invest as much of your cash in production because fossil fuels in 10 years. >> i think it was 13 billion to 30 billion. i know it's a raging debate but to me it's intelligent use of cash. there is a debate as you mentioned the basic idea here are you buying shares at the top of the market or buying them cheaply. that's the only real debate about shareholder buybacks other than not investing. >> do you want the quote because it's a good quote. over the weekend when you were told share going to -- pretty punchy stuff. tom: to me it's just all about taxes. we will talk about that later. over the bond market alaska question i've never asked. we do that with the chief investment strategist at p jim. a really interesting house including taking down all sorts of total return and fixed income . robert

united states then hastily removed it in the comments , they offer him to take a walk with such a chevron officially the name izvestia conferring an honorary title edelweiss in the tenth separate mountain storm brigade was taken with special pride by the pier. for them, prices are not just a flower a symbol of a lofty goal, but historical parallels arise by themselves for sure, and in nazi germany, the code name edelweiss and the right to wear a chevron with an open white bud. received only, especially distinguished units were their several aberkommandos, engaged in the liquidation of partisan detachments in the occupied territories, detachments of mountain rangers with particular cruelty massacred the civilian population and, of course, the wehrmacht division, wheelbarrows and war crimes were dealt with, including at the nuremberg trials, the most famous division under the kudra name edelweiss was , of course, the first stormy wehrmacht infantry division which participated in the assault on the caucasian ridges and, in fact, was noted for being hoisted on one of the peaks of elbrus flag.

but chevron b. p. exxon mobil and total energies also profited from the sudden spike in oil prices, which languished for most of the pandemic before jumping to over $120.00 a barrel after russia's invasion of ukraine. it was quite a departure from the 1st 2 years of the pandemic when energy demand cratered due to lock downs and travel restrictions that had forced the oil majors to increase their commitment to go green towards clean carbon free energy. but now, as their profits jump up, once again, many of them appear to be scaling back their previous commitments. right for exhaust look at big old profits and what to make them. i'm now joined by louise osborne of detail, the environment. thanks for stopping barley's. wire companies scaling back their pledges here. well, let me plan, it's about money and they have made record profits and they want to continue, continue to do so and they can see that with oil and gas, they can still keep making money from that. so why, you know, move towards green ener

after a week and seen shell, chevron and exxon smash their own profits, records will they be made to do more, to ease everyone else's money? troubles voting. a bigger workforce here. the length in businesses a going to to attract staff, been a market start of talent. and on your feet and people from you driving that cars in the city for a day this week we'll see how it went. this is the to be business on robots in. welcome to the program. rushes war in ukraine has sent energy prices through the roof, as you'll know, the oil companies, all the big winners, posting record profits for 2020 to this week, exxon mobil revealed it made $56000000000.00 last year, its highest annual figure for a long time the u. k. shell made 40000000000 it's most profitable 12 months in history and chevrons. 35000000000 is also a company record as well. not only did they benefit from surging on a gas prices, but they've also been cutting back on investments, as well as study suggests big firms reinvested 6 percent of their profits in 2021. u. s. president joe biden has been critical saying that they should b

they are often worn by the military for 200 fragments of military emblems , chevrons and patches.hes of the armed forces department and united, subordinating the soviet. epidus to this day has a unique speech. she jumped on the shilki of the landing troops at the green sharks for places of extraordinary cloudy those rare upper showruns for the sheet of the fire departments, all the items for display were provided by collector mikhail slepukha i imagine, uh, military tires. i started them when i served in the soviet union military troops, there was one emblem allowed on their floor, for example, a common one from whom i went to it, there are both tankmen and signalmen. well many troops. well, then, when i quit, somehow i started this. so it was a little to get them what? the emphasis is on those military units that are part of the northwestern operational command. here are the chevrons of the northwestmost operational command and most of the military units hmm stationed in it. well, in particular, uh actions, military units. uh, pretty good interesting ones, about which you can u t

after a week had seen shell, chevron and exxon smashed their own profits, records will they be made to do more, to ease everyone else's money? troubles voting. a big workforce here. the length in businesses a going to to attract staff, been a market start of talent. and on your feet and people from driving that cars in the city for a day this week we'll see how it went. this is the to be business on robots in. welcome to the program. brushes war in ukraine has sent energy prices through the roof, as you'll know, the oil companies, all the big witness, posting record profits for 2020 to this week, exxon mobil revealed it made $56000000000.00 last year. it's highest annual figure for a long time. the u. k. shell made 40000000000 it's most profitable 12 months in history and chevrons. 35000000000 is also a company record as well. not only did they benefit from surging on a gas prices, but they've also been cutting back on investments as well. a study suggests big old firms reinvested 6 percent of that profits in 2021. u. s. president joe biden has been critical saying that they should be

billion for all of last year they revealed a $2.76 billion buyback plan smaller than exxonmobil and chevron. bp like them boosted dividend 10%. we will have more on the program later on >>> let's go around the world with a mixed picture in asia overnight. macro level with two markets up and japan down 0.03%. one name to watch in japan is softbank out with earnings hours ago. flagship arm vision fund posting a fourth straight quarterly loss this time $5 billion overall reported a net loss after a profit in the third quarter. the stock down a touch 1%. let's check europe we are seeing stocks mostly higher across the board. led by the uk. the uk market up .50%. germany turned negative. like japan, it is going back and forth between unchanged. uk up .50% >>> let's get to the headlines happening now and including a hat trick on ai with last-second lifeline for one retailer. pippa stevens is here with more. >> the ecb and bank of england and reserve bank of australia raising its benchmark interest rate by 25 basis points to the ten-year heigh. the inflation rate is highest since 1990 >>> google r

it is well known to those who have faced the paratroopers in battle, when the enemy sees our chevrons know what kind of brigade it is, accordingly, that it will be very hot now . this is how the american browning machine gun of a very powerful 12.7 caliber sounds on the roof of an armored car the military received handsome men. in the summer, they are able to provide a reliable fire shield for the unit and suppress the enemy's fire. in exclusive footage shot by the soldiers themselves, you can see how an armored car drives fear among the occupiers, the american armored vehicle max about which was created specifically for a military operation in cancer, ukrainian fighters named it shrek for a certain reason . these are the huge dimensions and it is on it that they are now going to the next combat mission . the advantages are already explained by the highly maneuverable armored vehicle inside, which should land an assault group in front of the enemy's position , attack the enemy's positions with dense fire and cover the attack of our yakuza pods on war from february 24, otherwise he say

uh, dead bodies in the sea in greece soldiers with flower chevrons razed several villages to the groundterminating their inhabitants, shooting , burning kolya buried alive, recognized as war crimes and the execution of civilians in the village of musiotitsa in response to the death of the only german officer soldier edelweiss was shot 153 civilians 63. of these, there were children in kumin village, the division slaughtered entire families of 317 people. 97 slaughtered infants and children no older than 15 years old 119 women and two ministers of the church killed the soldiers of the mountain infantry and almost all the inhabitants of the village of odessa, and here it is probably worth asking a question. like 80 years after these tragedies, italy. prime minister meloni or polish president duda will react to the news that the division massacred jews, poles, italians, albanians, slovaks, and many other european ethnic groups. suddenly resurrected today in ukraine, at the level of public opinion, of course, the reaction will follow, uh, at the level of left-wing public groups , the reacti

you see, a lot of chevrons.initely there, so that tomorrow everyone will have everything, because we have enough priests who e, than sometimes so to speak, even the church let them go there why because they want, as it were, yes, but they are told, listen, well, just without anything , just, relatively speaking, you don’t have to go there on a bicycle, don’t it is necessary in the case when they fell into deadly situations already like this through the roof. it needs to get people through. excuse the initial military training, so that they, well, at the front, understand how to behave, they can’t hold weapons in their hands, as i understand it , our orthodox study, well, tactical medicine, of course, they need to be given an understanding of the course, but how to behave during shelling. this is impossible. but besides, besides this , i can simply say that in fact this is important from a political point of view, because one of the trump cards of our opponents, as once this here is a conversation, the orthodox o

the complaint directly targets a host of big oil companies, including exxon mo, bill, shell, chevron and b. p. mainly because of that disinformation campaign. defendants concealed dangers, promoted false, and misleading information, sought to undermine public support for greenhouse gas regulation, and engaged in massive campaigns to promote the ever increasing use of their products at ever greater volumes. i believe that they contributed willingly to this problem and they should be part of the solution. the lied. they lied. yes. it was a misinformation campaign. it's very similar to what the tobacco companies did with the cigarette smoking and the impacts of cigarette right. mm. charleston lawsuit against the oil johns isn't the only one. some 30 major u. s. cities and states have done the same, including baltimore, new york, washington, massachusetts, and minnesota. the plaintiffs are supported by the center for climate integrity. richard whiles, as it's president, these cases are very winnable, and that's why the oil industry is terrified of these cases right there. they're far mor

when the enemy sees our chevrons, they already know what kind of brigade it is, and it will be very hot this is how the american browning machine gun of a very powerful caliber 12 sounds. 7 on the roof the military received such handsome armored vehicles. in the summer, they are able to provide a reliable fire shield for the unit and suppress enemy fire. in the exclusive footage shot by the soldiers themselves, you can see how the armored vehicle instills fear among the occupiers. the american max pro armored vehicle was created specifically for the military operation in cancer. these are such huge sizes and it is on it that they are now going on another combat mission, this is a very reliable machine that helps save lives fighters, says a special agent with the call sign yakuza, what are its advantages? a very maneuverable armored vehicle is already inside, which is supposed to land an assault group in front of the enemy's position, attack the enemy's positions with heavy fire and cover the advance of our yakuza subs. from the very beginning of the formation, there is a good thing that

why is the west ready to turn a blind eye by putting on a chevron bandera, lubyanka ?

government, without disclosing the fact that that corporate law firm had chevron as a client. name of the u.s. government by a corporation. and, you know, when i sort of go through the experience -- and i'm so happy to be through that piece of it, although i'm still dealing with a lot from chevron, but i don't have my ankle bracelet -- and i looked at what julian is dealing with, all i can say is it is absolutely vital that we understand the importance of julian feeling all of our love and energy, and that we continue to spread the word. it is critical. and i will say, as i look at julian -- i met julian one time, by the way, a few years ago in the ecuadorian embassy when he was there. but there is something big happening, whether he realizes it or not, through the process of fighting for his freedom. you know, it is a process of consciousness raising around the world. it can be seen as an opportunity to strengthen our freedoms, to strengthen freedom of the press, as is happening. and i just want to point out, before closing, that there is an increasing corporatization of thes

let's look through the prospective, this has dragged so long to chevron and exxon maybe there is a meanon. a one-year, three-year, it's dragged both of those. so that's the prism, the perspective i want to look at but want to buy it lower >> all right fair enough. pippa, thank you. >>> we turn to royal caribbean expected to report a loss tomorrow morning but the shares are still up 40% this year and occupancy rates are expected to be near 95%. let's turn to seema mody for more of the story. seema. >> kelly, what a start to the year, royal caribbean, carnival and norwegian on pace for their best start to the year on record up 40% now trading at 11 times earnings that's above prepandemic levels on this expectation that this is the year that cruising will come back however, a new channel check survey from morgan stanley suggests they're seeing pricing softness so that's why this earnings report will provide a very crucial read on what exactly royal caribbean is seeing not just over the last three months but going into 2023 can they achieve that level of profitable they set out for in septe

the defendants are chevron, exxon, bp, shell, and conoco phillips. these funds will be used to pay for seawalls and other infrastructure needed to deal with sea level rise. we have some real risk that's going to require some billions and billions of dollars of investment by san francisco on infrastructure if we're going to stop catastrophic loss, so that's what we're looking at. a lot of our developments are occurring along the waterfront. our lawsuit is a part of that. i want to have this abatement fundhat has been created now to ensure that we can fund the infrastructure improvements that we're going to need to ensure that those developments go forward without the threat of sea level rise. scholl: politics in san francisco is funny. there are a lot of really enlightened views. on the other hand, it's probably not enough to prevent the business community from making things even worse right on the waterfront. christensen: we're going to have to adapt. it's going to take that creativity and energy and capital. the question of how do we balance that ec

we have a big lineup including the ceos of at&t and waste management and chevron and delta airlines we will get the state of the economy and where things stand and as we get through earnings season and what they see happening in the year ahead. what they see what is going on with their businesses. a lot to talk about with our guests today we will pull them off before they get back on the greens today. it is early here for them as well we want to look at the markets today. there is activity and things you want to check out. yesterday, the nasdaq was doing very well. you had big gains that came in this morning, not so much. you see a decline of 200 points in the nasdaq futures right now. dow futures are down 100 s&p is down 33 a lot of the pressure coming from, as joe mentioned, tech earnings after hours that were not near what was anticipated from the big cap names we will talk about this in a moment >>> look at what is happening with the treasury market post-fed decision and jay powell press conference the 10-year treasury below 3.5%. not just 3.5%. 3.4% the 2-year treasury is above 4%

arise by themselves for sure, and in nazi germany, the code name edelweiss and the right to wear a chevronbud. received only, especially distinguished units, there were several of them 218 aberkommando, engaged in the liquidation of partisan detachments on in the occupied territories, detachments of mountain rangers who slaughtered the civilian population with particular cruelty and, of course, the wehrmacht division whose war crimes were dealt with , including at the nuremberg trials? the most famous division under the code name edelweiss was , of course, the first stormy wehrmacht infantry division which participated in the assault on the caucasian ridges and, in fact, was noted for hoisting a flag on one of the peaks of elbrus. uh, the nazi flag and this summit soon. gibels propaganda renamed it hitler what the nazi leaflets called valor and courage in fact was a manifestation of inhuman cruelty by monstrous atrocities, the division was noted during offensive operations in ukraine in lvov and vinnitsa in kharkov and in the donbass in 1939, edelweiss invaded poland where, together with t

uh, dead bodies in the sea in greece soldiers with flower chevrons razed several villages to the groundheir inhabitants, shooting, burning kolya, keeping alive war crimes and the execution of civilians in the village of musiotitsa in response to the death of the only german officer soldier edelweiss was recognized as a war crime 153 civilians were shot, 63. of these , there were children in the village of kumin; the division massacred entire families of 317 people.

first off, you've got chevron.on, please. >> yes, so chevron and it's going to be a similar story to exxon so we can kill two birds with one stone. they both have been paying a dividend and growing the dividend for decades through really bad periods, through inflation, deflation, war, covid, and right now, both dividends are in that 3.5% range and i just want to remind people that there is so much geo political instability. energy becomes not just a way to make money as it has for the last couple of years. it's a great defensive hedge against russia, iran, china, some of these crazy things happening in the world, stuart. stuart: and the other one is i thought it was umi. what's the full name? the midstream energy. tell me more about that because i think that yields 5% doesn't it? >> it does, and it's growing rapidly. it's 5% now, but it's really about 8% from what people would have bought it at over a year ago. it's just up a lot, and it's these pipelines. it's the people that are transporting, and storing oil & ga

i mean, does the average american think about buybacks and how chevron is using its money?is a saying in politics that when you're explaining you're losing, so it's not about does this resonate kind of in wall street, but does it give democrats a bit of the upper hand? is it going to be putting pressure on republicans? i don't think there's going to be a minimum tax on billionaires but we have a 1% tax on buybacks we still see massive amounts of buybacks being announced so, you know, could that be part of a final solution? weigh that much higher i don't think it's likely but more likely than other things as it relates to taxes. >> what do you think how are you gaming out the probability of an increase to that buyback tax >> i want to see if there is any tax component to a final deal on the debt limit and if it is, this would be high up on that list, outside of that, you know, we're not going to see a corporate tax increase overall we're not going to see changes to personal taxes. democrats have full control of d.c. over the last two years they couldn't do that. i think one

he's mad about chevron's $75 million in stock buybacks.on is investing more and more in oil production. it's like 41% more than last year. so what is with this savaging and going -- president savaging and going after u.s. energy jobs like he did and then dismissively they can go code like john kerry did? who do they think they are going after u.s. jobs like that? >> yeah, i think the chevron investment is three times their stock buyback, so to get back to the rodney dangerfield thing, what kid he expect? he expected to be treated by the left-wing press with, essentially, never questioning what he was doing, doing whatever he wanted to do without anybody checking him on any facts. he wanted to be able to go and say, you know what? inflation wasn't my problem because i inherited it, but now he's so weak even within his own party, that the left-wing press is starting to push back. he's not getting that special treatment that democrat presidents usually get. elizabeth: that's an important point. mick mulvaney, always a pleasure having you on.

exxonmobil, chevron and shell posted annual record profits.ey're going to use the money to make your trip to the pump less painful, think again. cnn's matt egan is at the magic wall to help us understand that. how much money are we talking about here, and what exactly are they planning to do with it, since it doesn't seem to be give the rest of us a break? >> big oil is minting money right now. check out these eye-popping numbers. shell, exxon, chevron, all of them have doubled their profits over the past year. exxon alone, $59 billion. if you add all this up, you get a mountain of money. $135.5 billion to be exact. that is enough money to basically buy the nfl. forbes pegs the evaluation of the 32 nfl franchises at $137 billion. big oil could basically just use last year's profits to buy that to take this a step further. that's enough money where they could buy ralph loren, peloton, best buy, etsy, chipotle combined. so what are these companies doing with all of this money? well, they are spending on expensive drilling projects. but not aggre

zoom was larger than either exxon or chevron that's right in october 2020 2020, for a couo days, zoom'st cap was bigger than one of two of those big oils they said it was the new paradigm the world would never go back to the way it was before. like many experts, it did not turn out to be an expert opinion. since that time, zoom has crashed, down 85%. its market cap sits at just $24 billion. chevron is now $333 billion and exxon at $465 billion. 1,800 times larger than zoom, wow, which was bigger not even three years ago. we're not picking on zoom here pet on the's market cap has gone from $45 billion to 5. dock y docusign, 13 at one point zoom was bigger than the big oil stocks which you might have noticed got a lot of attention if there the white house lately the point is amazing how fast things can turn in just a couple of years maybe a lesson for the future on trends and hopefully no more pandemics. random and hopefully interesting. >>> all right. as we head to break, during february, we're celebrating black heritage here are some of the stories of our teammates and leaders and busin

share buyback announcements with meta doing so with the $40 billion initiative and that comes on the chevron $75 billion plan bob pisani points out that before meta announcement, there were 44 in january all announcing programs worth $5 billion or more. overall announced buybacks have tripled to $132 billion from a year ago so far, it is big oil feeling the wrath of the biden administration going after chevron and exxonmobil over the record profits m for more, let's brian wing in j pethokoukis. >> thank you, frank. >> jimmy, do you see the white house speaking up or intervening when it comes to buybacks from the other companies? meta's $40 billion is not chump change >> this is why the issue drives me crazy and politicians drive me crazy the fact we pick and choose companies to complain about which may have more political oomph in the political environment shows there is not a strong economic policy case for complaining about this look, when you have companies paying low tax rates because they invest a lot in r&d, they take advantage of the tax breaks meb meant to do that now they are not do

history shell just announced a reca profit of $40000000000.00 and your company. chevron has doubled its annual earnings to record $35.00 and a half $1000000000.00, which is the biggest in its history. as well including b, p and total the big 5 re.

a company's history shell just announced a reca profit of $40000000000.00 and your company. chevron has doubled its annual earnings to record $35.00 and a half $1000000000.00, which is the biggest in its history as well, including b, p, and total. the big 5 raked in and standing 190000000000 dollars last year. but also the money they saved by cutting investment. a new study shows that in 2021 big oil re invested less than 6 percent of their profits shareholder dividends have grown and renewable energy projects have been the biggest losers. u. s. president joe biden hit out at american energy jones insisting they should be helping to bring down energy prices during a cost of living crisis. and leaders in the u. k. have was similar to minutes. earlier i spoke to christian christian head of the fuels and energy industry association, here in germany. and i asked them why companies didn't invest more of their profits to also supply. but you know, the use of the thought has to be the use and be we companies need to be complying. the climate okay. can be mainly for a little and it be get the m

history. anglo dutch firm shall posted a $40000000000.00 profit for the year and not far behind us base chevron group at a record $35000000000.00 of earnings. that double what it earned in 2021 oil giants also all their enormous profits to the ever tightening investment strategies. the proportions of earnings re invested have significantly declined. the investment rate of multinational energy firms fell to a historic law of 6 percent of earnings in 2021. according to a study, the lion's share of these already small investments goals into fossil fuels, renewable projects only get a fraction. something industry representatives admit has to change. ah, it need to be better that the, of course we need major investments in the new bill entities and as i mentioned it's it's, it's not enough. but speaking about europe, i can really only repeat best. it's very difficult to many of a project i thought because of missing a leah reliable practically working regulation. several countries are beginning to introduce windfall taxes to prevent oil and gas firms from profiting excessively from the energy crisis