the ceo of exxon mobil, darren woods, will join us.rices, the state of the economy and so much more a global perspective on the market from mark mobius. here are the futures right now looking at green across the board. looks like we'll be up in a pretty good way. dow up right now we'll be back after this america's oldest lighthouse has weathered many storms. seeing the break in the clouds before anyone else. together, we'll weather this storm. but when allergies attack,f any the excitement fades. allegra helps you say yes with the fastest non-drowsy allergy relief and turning a half hearted yes, into an all in yes. allegra. live your life, not your allergies. >>> good morning, everybody. welcome to "squawk box." exxon mobil says it is cutting its 2020 capital expenditures by 20%. other expenditures will be cut by 15% as they deal with falling oil prices joining us is darren woods thank you for joining us today it's good to talk to you. >> good morning, becky thank you for having me on >> we've been watching the stock price this morning

and darren woods of exxonmobil.informed them that we will be making space available in the strategic petroleum reserve to let american producers store surplus oil that can be sold at a later time. there is a tremendous abundance of oil, primarily because of the virus, the virus has just stopped demand of everything, including oil. so we're working with our great energy companies. these are great companies. they employee tens of thousands, hundreds of thousands of people. and they've kept america really going for a long time. and no big price hikes, no big anything. they've just kept it going. now they got hit. but with all the jobs and all of the good that they do, we're going to make sure that they stay in good shape. america is engaged in a historic battle to safeguard the lives of our citizens, our future society. our greatest weapon is the discipline and determination of every citizen to stay at home and stay healthy for a long time. we want them to stay healthy for a long time. so stay at home. this is ending.

american petroleum institute, kelsey warren of energy transfer partners, mike worth a chevron and darren woods of exxon mobil. i informed them that we will be making space available in the strategic petroleum reserve to let americans producers served surplus oil that can be served at a later time. there is a tremendous abundance of oil primarily because the virus, the virus has stopped demand including oil. we are working with our great energy companies, these are great companies, they employees hundreds of thousands of people and they have kept america really going for a long time and no big price hikes or no big anything. they kept it going and now they got hit. with all the jobs in all of the good that they do we will make sure that they stay in good shape, america is engaged in a historic battle to safeguard the lives of our citizens, or future society in her greatest weapon is a discipline and determination of every citizen to stay at home and stay healthy for a long time. we want them to stay healthy for a long time. so stay at home, this is ending, this will end, you you will see some b

mike worth of chevron and darren woods of exxon mobile. informed them we will be making space available in the strategic petroleum reserve to let america produce surplus oil that can be sold at a later time. there is a tremendous abundance of oil because of the virus. the virus stopped demand of everything including oil. these are great countries employing hundreds of thousands of people. they kept america going for a long time. no big price hikes or anything. now they got hit. but with all of the jobs and all of the good they do we are going to make sure that they stay in good shape. america is engaged in a historic battle to safeguard the lives of our citizens and future society. the greatest discipline is to determine every citizen to stay at home and to stay healthy for a long time. and we want them to stay healthy for a long time. stay at home. this is ending. this will end. you will see bad things and you are going to see really good things. it is not going to be too long. we will heal our citizens. we will care for our neighbors. we

kelsey warren of energy transfers, mike worth of chevron, and darren woods of exxonmobil.d them that we will be making space available in the strategic petroleum reserves to let american producers serve surplus oil that can be sold at a later time. there is a tremendous abundance of oil. primarily because of the virus, the virus has just stopped demand of everything including oil. so we are working with our great energy companies. these are great companies. they employed tens of thousands, hundreds of thousands of people, and they have kept america really going for a long time, and no big price hikes, no bake anything. they just kept going. and now they got hit. with all the jobs and all of the good that they do, we are going to make sure that they stay in good shape. america is engaged in a historic battle to safeguard the lives of our american citizens, our future society, the greatest weapon is the discipline and determination of every citizen to stay at home and stay healthy for a long time. and we want them to stay healthy for a long time. so stay at home. this is end

petroleum, mike summers of the american petroleum institute, energy transfer partners, chevron, and darren woods of exxon mobil. i informed them we will be making space available to let american producers store surplus oil that can be sold at a later time. there is a tremendous abundance of oil primarily because of the virus. the virus has just stopped demand of everything, including oil. so we are working with our great energy companies. these are great companies. they employ tens of thousands, hundreds of thousands of people. and they have kept america really going for a long time. and no big price hikes. no big anything. they have kept it going and now they got hit. with all the jobs and the good that they do, we are going to make sure they stay in good shape. america is engaged in a historic battle to safeguard the lives of our citizens, our future society. our greatest weapon is the discipline and determination of every citizen to stay at home and stay healthy for a long time. we want them to stay healthy for a long time. so stay at home. this is ending. this will end. you will see some bad

. >> darren woods, exxon mobil i'd like to add my appreciation and i think all our companies are in line with your objective, which is to get the economy moving and make lives around the world better >> thank you >> darrell, chairman of continental resources also out of oklahoma city thanks for having this moeeting it's to timely and necessary really appreciate your leadership also the friendship that you've kept with the saudis saudi prince and also putin. i know those haven't been easy sometimes, but at this time, it was particularly needed. i we're about 10,000 companies of individuals it's great, great job you're doing i think putin and the crown prince want something to happen badly. it's certainly terrible for them, too. i've spoken to both of them and we'll tell you about that later on thank you very much. >> jeff hildebrand, founder of chairman of appropriate energy we're the only private company here this is the company that's base ed in houston. domestic only exploration of production company and i'm really here today to represent the independent energy companies. the family ow