between daren woods and mark zuckerberg, i'm going with zuckerberg >> i'm hanging with woods. i did a lot of hanging with daren woods, the ceo of exxonmobil we'll talk more about the markets this morning jim mentioned an important point, which is what happens in 2040 when all the vehicles are electric and the demand for gasoline is far lower than it is daren woods says that will take us back to 2014, 2013, in terms of the demand for our earth according to models. why? he says chemicals. listen >> as the ceo of a plant like this, what are you looking for, if anything? what's catching your eyes as important? >> when i zo a plant visit, i'll talk to the operators doing a job. one of the critical factors to successfully managing safety is keeping their head in the game the whole time it gives me a chance to talk to people doing real work in a day, this is where the money is made. >> this plant spread over 1,000 acres, is a joint venture between exxon and a saudi company. earnings last year $6.8 billion earnings >> it was a pretty good year people forget, too, they think about it b

here's part of the conversation with daren woods and the role in a zero carbon economy. it's in one year so, i think it's roughly and indicate with shareholders as a result of that event >> i think you touched on two important ones our job is to learn and make sure we're responding to why did we get the votes against us? we've become a more transparent. >> and it's one of the biggest asks for investors investors jumping ship massive inclosing for the space. for may, we saw a reversal with investors pulling money. this comes within the broader market downturn. but it's notable since it's the first months of out flows in years. in part because many exclude energy stocks, which is the top-performing group for 2022. just 18% of actively managed funds, according to rbc and according to 44% of traditional equity funds beating their bench mark the van guard etf and where u.s.a. funds both down sharply this year. john hail saying this all comes down to broader market dynamics. which drives out flows but with growing regulatory concern and criticism foreman t -- from the likes of

realized is those people are not going to help republicans ever what's the point sit down with daren woods, say, listen, i know if you start now it will take a year, but we have to get this thing down in the sense that we know at least a year from now there's going to be more oil. go through 12 million or 14 million barrels wnd we know that oil will stop eventually because there's a curve, david >> i understand, and you can talk about it a year ahead, but it's going to obviously impact prices a lot i get that >> right so thank you >> i do think exxon is a changed company and people can judge for themselves >> yes >> they can judge for themselves two weeks from tonight, june 22nd, 8:00 p.m., because we have access to the company nobody's ever had you can judge for yourself whether you think it's a changed company and if it's serious about attacking its own carbon footprint as well as that of the world, so to speak at the same time, you need a price on carbon, need it to go up significantly, absolutely right. i come back to the shareholders because i believe that is also an impediment to tou