we have an interview with the ceo darren woods straight ahead.es financial advisor gets to know you, your passions, and the way you help others. so you can live your life. that's life well planned. the first time you made a sale online with godaddy was also the first time you heard of a town named dinosaur, colorado. we just got an order from dinosaur, colorado. start an easy to build, powerful website for free with a partner that always puts you first. start for free at godaddy.com >>> exxon reporting earlier this morning earnings at 1.95 that was 7 cents below expectations revenue was better than the street was expecting they saw record production in the permian and guyana exxon says it's still on track to deliver $9 billion in structural cost savings by the end of the year compared to 2019 joining us for an exclusive interview on the numbers is darren woods, the chairman and ceo of exxonmobil. welcome. thank you for being here. >> good morning. great to be here with you. >> so the talk among all of the oil companies has been that profits are d

this is what darren woods, exxon's chairman and ceo, told investors during the company's recent earnings opportunity set and like what we're seeing so far. mr woods described lithium mining as a naturalfit for the company. extracting the lithium is very consistent with a lot of the things that we do in our refineries and chemical plants and, in fact, in some of our upstream operations. so that piece of the equation is, again, not new to the company. exxonmobil is rumoured to be in talks with tesla, ford motor, volkswagen and other auto—makers to supply lithium. that's according to a bloomberg report. lithium remains tiny compared to the fossil fuel business that has powered profits for exxon and for the other oil majors for the past several decades. but their interest suggests big oil thinks it may get bigger in the future. and that's it for this edition of asia business report. iam i am monica miller. thanks for watching. bbc news — bringing you different stories from across the uk. it's 100 years since the first mg rolled out of morris garages in oxford. a century on, they're still dra

darren woods is the chairman and ceo of exxon thank you.eat, becky. bringing down inflation without making unemployment go to 10%. that would be great if you could do that. get rid of the emissions but keep my 911. can i keep my 911? i'm not going to buy a ferrari if it's electric not that i could afford one. >> i love -- not this -- >> you like the american flag? we like that sweater too that's awesome >> boufl >> thank you, guys thank you. >> final check on the -- see you soon final check on the markets 71 points now on the dow not much has happened since the -- even though the ppi was a little bit softer, let's take a look at the ten-year and we've got, of course, we've got a look at the two-year and the one-year for someone who might go shopping today >> no. >> all right >> it's down half a point. >> take a look at oil after that interview and then i want to thank kelly for being here you got up early do you like how i structured the 8:00 for you you didn't have to do a damn thing. >> i did a lot of instagram. >> those were great interv

darren woods said this today -- >> he was on our network >> i heard him this morning on "squawk. oil demand will pick up in '24 and the demand from oil, too, easy to forget that oil runs the world. there's talk of more production cuts coming later this year on top of the production cuts they already have a lot of room to run i'm bullish on china >> i hear pretty much three bullish views on why you think there will be a catch-up trade you don't. >> the likelihood we experience the trough in energy, we haven't yet. if you look at valuations, they're still demanding. the gains that we had for the last couple of years in energy, i still think that in order to get that huge catalyst of new investors into this space, i think that we have to start seeing improvement on the earnings side. >> even if now you've gone from 60 to 80 and if you remain elevated, you know, if we get to the point where more people are convinced that we're not going to go off a cliff and that china actually is going to come back online in a meaningful and what we think is a real way >> there's a benefit to buying

. >> yes, they are as they usually do >> both darren woods, who joined "squawk box" this morning, andike wirth, who joined us, if you recall, earlier in the week, we got a preview of chevron's numbers when they extended mr. wirth's contract for a period of years beyond what had been the retirement age at chevron, and they announced the de departure of their long-time ceo. we got a preview of that but both woods and wirth talking about a world that still needs an awful lot of what they're producing. take a listen. >> i think this year, we're going to see record high oil demand i expect that to be then next year even higher, so certainly in the short to medium term, there continues to be a significant demand for oil and the products that come from oil, primarily because the world is growing, and economic prosperity is improving all across the world. >> mike wirth making the point, evs are here, and over time, yes, that will dampen consumption of gasoline, but chemicals, plastics, ammonia, think about fertilizer, there are so many other use for these products, and that's when you hear wo

i mean, you got iger opening the door to some stuff you got darren woods, and exxon, which we haven'tentioned yet is that getting reflected? >> yeah, you know, i'm not allowed on the grounds there, carl i wasn't invited i'm just out here where we have to sit when we're not allowed in so, i don't know what the talk is i'll just be straight with you >> david -- >> that said -- yeah >> david, did you see the beatdown of lina khan in that microsoft-activision judicial ruling >> of course i did >> that was a first-class beatdown she was down there giving lina khan the business. that was one of the worst -- >> the business. >> no, honestly. that was basically saying, you got to go back to law school, because you didn't even understand how the clayton act works. i can't believe, david, how much of a rebuke that was to the ftc. it was shameful about what she did in this, including when she filed, what she did. you have a million -- a million pages of documents you have 30 different interviews, and she does this at the last minute. the judiciary is not happy >> no, that's true but they're -- a

he's both the global leader and domestic he's made many right moves and as much as i respect darren woodsfantastic for what he's been doing, mike is, for better or worse, the spokesperson worldwide for this industry. >> stock hasn't done much of anything good so far this year >> that's not a long enough picture. >> that's just this year >> oil's come down a great deal and he's still making a lot of money. >> obviously, if you go back any period of time beyond that, the stock is up. >> chevron's a big company >> that gives a better idea. we are going to talk amc not right now. you were moving on to other earnings that we are looking forward to >> i think the megacaps -- >> i am curious to get your thoughts we don't know what the numbers are going to look like we're going to pore over the conference calls a lot of it is going to be a.i.-focused, whether it's alphabet or meta or microsoft. certainly, we're going to be very much focused on what they have to say about that important business for all three >> right, and we know -- people -- because taiwan semiis not an american company and earn

wood. >>> now we go from that to taking a look at our forecast with first alert meteorologist darren peckose bugs from france may be thinking twice in some parts of the bay area. >> in addition to that, there is smoke in the air to talk about. whether it is the bugs or the smoke or the haze, there is about a 100 acre grass fire prescribed burn that is part of this but there is also smoke coming our way from a fire in canada now. walnut creek, you are down there. we barely see you through the haze. this is right up the hill on mt. diablo. it is 81 degrees there but it is the air-quality which is in the moderate category that could be worse. that is as bad as it gets bay area wide. nobody is even and unhealthy for sensitive groups. it does not look pretty but the air-quality by most measures is okay. san jose, we will show a little clearer here. 79 degrees here in san jose. your air-quality is coming in the same category. it is moderate there as well. there are many places that are actually green. you can see the smoke, the higher concentrations in the yellow and orange. that is the flat fi