darren woods joined us.ferent important data points and oil production and the future for its low carbon business. we also got a read on this dispute between venezuela and oil rich guiana. venezuela passing a motion basically that says there's disputed territory we believe is ours. guyana only has a million people and raised questions if venezuela were to get hostile could the country defend itself. guyana has a lot of oil. exxon mobil is the key operator along with hess, being sold to chevron. i asked mr. woods if he's fearing any impact from this potential hostility? >> i'm not sure guyana is standing on its own, to tell you the truth. we've seen what happens when nation's sovereignties are challenged and unilateral action is taken. the world and outside community have grown sensitive to that, so my expectation is, there's more support, more broad support in the international community to make sure that the right process is followed to resolve this dispute. we know what we need to do, develop those resourc

. >> reporter: that was darren woods with our exclusive i promised viewers another interview at the endf the show. they departmidn't get it. that is good for "street signs." steven joins me now. you have been speaking to cop. tell us what you said to cop28. >> i said first of all we need to collaborate and collaborate and collaborate in that particular order. we he need to collaborate with customers. we transition by way of the iea. international energy association. we ex-clclude if the companies there is no need for energy such as coal or industrials. the second collaboration is with other banks and scientists who set standards. if we have the industry standards, we need to translate to bank standards. otherwise, we don't have the good confversations with the financial players with those clients. the third thing is collaboration with the governments because in the end, we want them to set clear standards to provide support in terms of pricing. those were the three cs. >> let's start off on the last point. governments ss setting standards well. when i talk to officials, they say they ar

. >> he's got darren woods tomorrow morning at 9:00 a.m.ming up, home building stocks hitting all-time highs today. we'll find out how the committee is playing the space, that's next. the biggest ideas inspire new ones. 30 years ago, state street created an etf that inspired the world to invest differently. it still does. what can you do with spy? ♪ at pgim, finding opportunity in fixed income today, helps secure tomorrow. our time-tested fixed income suite, backed by over 145 years of risk experience, helps investors meet their goals. pgim investments. shaping tomorrow today. so... i know you and george were struggling pgim investments. with the possibility of having to move. how's that going? we found a way to make bathing safer with a kohler walk-in bath. a kohler walk-in bath provides a secure, spa-like bathing experience in the comfort of your own home. a kohler walk-in bath has one of the lowest step-ins of any walk-in bath for easy entry and exit. it features textured surfaces, convenient handrails for more stability, and a wide door

speaking of darren woods, he will join cnbc at 9:00 a.m.usive conversation and not one you want to miss. >> thank you. pippa stevens joining us with what's happening with exxon crude and $69.35 for wti. >> and await what's happened to crew the last couple of months indicates the way the exons of the rotor been proceeding. obviously they have been trying to replenish the reserves and produce at a certain level. but the idea that people screaming at them that we would have tight supplies for ever and they really should be investing more. they very much in the mode of we need to find new avenues. we will share as much cash flow as we can with investors for $20 billion buyback. 5% of the market value of exxon right now if they threw it all in there. they been reducing the share count. let's say 5% the last couple years. it's working in that direction of trying to get the company in a spot that it doesn't need much from the crude market to survive. i really rising gasoline demand. remember that miles driven are down from the peak and cost per mi

. >> by the way, do not move david faber's interview with darren woods, thursday at 9:00 a.m.cnbc. >>> up next, final trades. you got this. let's go. gobble gobble. i've seen bigger legs on a turkey! rude. who are you? i'm an investor in a fund that helps advance innovative sports tech like this smart fitness mirror. i'm also mr. leg day...1989! anyone can become an agent of innovation with invesco qqq, a fund that gives you access to nasdaq-100 innovations. i go through a lot of pants. before investing carefully read and consider fund investment objectives, risks, charges, expenses and more in prospectus at invesco.com. >>> time for the final trade. let's go around the horn. julie biel? >> i'm still pretty chicken about the home builders, so, i like simpson. >> tim? >> i think there's room to run, citi bank with its 3.6 div yield. citi bank. >> karen? >> yes. i like this bond move for the equity market, but i think it's too far too fast so i have shorted the tlt again. >> guy? >> right before our collective eyes, ibm, six-year high. >> interesting. >> wow. >> is that a haiku?

darren woods was with me a couple weeks back. we were continuing to talk about low-carbon solutions. they have increased their capital outlay, there's still question in terms of ultimate return that they can generate from that business at this point. >> true. >> that will continue to be a question. >>> dow and nasdaq riding nine-day win streaks. s&p within striking distance of a new record those. jim, i mentioned uk and german inflation at the top. german ppi year-on-year down almost 8. we mentioned the 10-year there, below 2. >> look, you would think that if we did a big auction, german trust money would move here. that is what we used to see. we used to see a lot of foreign flows. right now they don't go anywhere. theye willing to accept that return. i don't get it. i guess it's in the trust agreements that they can't do it. it makes no sense to buyheir ten-year. >> if you can buy ours. >> right? >> i would think so. >> or they listen to the various people who comon from the fed whose goal is to confuse, they're astoundingly go

we'll have exxonmobil ceo darren woods join us on thursday. 9:00 a.m.apital update from the company. we got a lot more "squawk on the street" for you straight ahead. they're waiting for you. hey, do you have a second? they're all expecting more. more efficiency. more benefits. more growth. when you realize you can give your people everything, and more. thank you very much. [applause] ask, "now what?" here's what. you go with prudential to protect, empower and grow. with everything you need to deliver, you guessed it... more. one more thing... who's your rock? learn more at prudential.com why are we the only birds heading this way? who's your rock? ♪ ♪ what is that? duck à l'orange. what's duck à l'orange? it's you, with l'orange on top. >>> good tuesday morning. welcome to another hour of "squawk on the street." i'm sara eisen with mike santoli live from the floor of the new york stock exchange. the street debates the pause in the rally and the timing of the firs

. >> mike disputed that in an interview yesterday, and with darren woods as well. n is the lead in guyana. we're talking about as much as a million barrels a day from that very tiny country. there's this threat from venezuela, and woods seemed to be of the belief, jim, that that would not be allowed. that that would be pushed back, any incursions by the venezuelans to somehow take control of those operations. but you've got exxon lead position and then hess, it's the single most important asset for hess, which of course, is being purchased by chevron. but again, mike worth in an interview yesterday, not with us, but indicated he's not overly concerned by those threats. >> the oil companies should stick with venezuela for a long time, and that proved to be an ill advised strategy. >> guys want to hit m&a this morning, both in deals completed and deals announced. let's start with one that's going to close. and we have talked about it a great deal here in the nine or so months since it was first announced. cjef and pfizer. the deal is closing on december 14th. the lawy

the question, really, is the one i asked darren woods yesterday exxon, obviously, their junior partnerar that the venezuelans are going to become more bellicose and try to take control tof this disputed regio and potentially move offshore and try to cause trouble for what is an enormous oil field there. >> but you're -- the answer he gave you, that there are other interests that will make it not happen who's he talking about >> i should have asked to follow up we were at the very end of our interview. i assume he's talking about greater powers, such as the u.s. or even others >> that's what i felt. >> they will step in and defend guyana, but i did not get an explanation. >> military? >> i believe that's what mr. woods was referring to, yes. or in some way >> flash point big flash point. >> if you're chevron right now, are you worried? guyana is the biggest single portion of value at hess >> you know what i would say you have to be worried. i'm working on adobe for next week i'd be worried they can't seem to get that deal closed all the deals -- albertson-kroger, it's like, they take th

darren wood is going to be our guest tomorrow. my guest right here at the new york stock exchange. ppy to have darren. >> oh, wow. >> yeah. first time we'll have seen each other in a little while. i think we saw each other at milken last year. >> does he have two plants? one plant on either side of him? >> the ferns? no ferns. no ferns. i miss that show. >> david, this guy, he is -- this pioneer deal is the biggest growth deal that you could have in america. i think that -- you know, i think that mr. sheffield has done an amazing job there. i love this acquisition, because it's going to give them growth for many years, and i love what they're doing in terms of carbon capture because they've become the company that says, look, we're good actors, and that's going to help everybody in the oil patch, that exxon has become the good actor. >> it's interesting. the biden administration recently asking for or demanding, you know, more in terms of methane, more restrictions. amazon has been ahead on that in the permian itself where they are trying to get down to zero methane if they can or a

. >> even darren woods said this is something you have to pay attention to here and it may be more thanpossibility they invade. it is a possibility. i won't call it a high one for a couple of reasons. this is likely a negotiating tactic to prevent the reimposition of sanctions. there is physical geography that makes it difficult. the border is extremely jungly and impossible to move tapgs thr tanks through. people familiar with the area feel they have to go through brazil. brazil doesn't want that. they dispatched the military to the area to try to prevent and show deterrence there. maduro doesn't have an ally in the region. the leftist leaders. mexico and colombia and cuba leaders do not want him to do this. >> why? >> despite aligning with him, they do believe in the sovereignty of countries and sanctity of borders. although brazil has been a little separate to cuba. this is not something that he will necessarily have support from the rest of latin america. >> it is like taking us on? >> exactly. >> michelle, thank you very much. every time i get to talk to you, i learn something. >>

before we go, the question that matt asked darren his parents are in town. he wants to go to mir woods tomorrow morning, will it rain when matt shows up with his parents? >> that is exactly when it will be raining tomorrow. >> take video. >> yes, maybe we ♪ ♪ >> elon musk has outfitted twitter's headquarters bedrooms for employees, part of his hard-core vision of twitter. according to one source, it's yet another unspoken sign of disrespect.

before we go, the question that matt asked darren his parents are in town. he wants to go to mir woods tomorrow morning, will it rain when matt shows up with his parents? >> that is exactly when it will be raining tomorrow. >> take

before we go, the question that matt asked darren his parents are in town. he wants to go to mir woods tomorrow morning, will it rain when matt shows up with his parents? >> that is exactly when it will be raining tomorrow. >> take video. >> yes, maybe we ♪ ♪ >> elon musk has outfitted twitter's headquarters bedrooms for employees, part of his hard-core vision of twitter. according to one source, it's yet another unspoken sign of disrespect. there is no discussion, just like beds showed up. ♪ ♪ ♪ ♪ ♪ ♪ >> it's "the late show" stephen colbert! tonight, walker texas loser! plus, stephen welcomes who male nonjohnny and mariah carey takes the colbert questionert. featuring louis cato and "the late show" band. and now, live on tape from the ed sullivan theater in new york city, it's stephen colbert. [cheers and applause] ♪ ♪ >> stephen: good to see you. hello, hello, hello, hello. happy wednesday. hey! there you go, everybody! nice to see you up there! these have a seat, everybody. thanks very much. thank you. that's all i wanted for christmas. welcome to "the late show," and your host, ste

wood-burning is banned. so far air quality managers have not called one for tomorrow. >>> all right, now let's get to darren to talk about the spare the air alert and what is ahead for us. >> reporter: . >> what is interesting how fast it went up. do not do the fireplaces on christmas eve, that is what they were going for and sure enough this morning you woke up and you could see the difference of how much hazier the skies were. we only went down to moderate, not unhealthy. >> let's talk about the storm t. is impressive looking specimen. we have not had one of those yet, that tropical storm is kicking up swells that are going to be big enough. those waves are going to get here the day after the rain. so, let's first look at the rain and time-out the first bans. when we visualize the system and put the rain in here on the future cast you can see the first storm and there are two coming our way. there is the first one for tomorrow morning. there is another one out here for late friday night into saturday. let's come back to the wednesday system first. let's get resolution on this. we are close enough in time

wood-burning smoke pollution. people are being asked not to light a fire this evening. from that, we're going to head to darren peck in our virtual weather studio to talk about our conditions on the way. and you're talking rain, rain, rain. >> yes, i've got to show you that storm once again, juliette. take a look at the high resolution satellite from this afternoon. this is just in the last hour before the sun started to go down. pretty impressive. we looked at the timing of the rain for wednesday in the last visit. in this visit i want to show you what the totals look like. about 0.75 of an inch of rain tomorrow. from noon onward into the afternoon it rains in the south bay, and you'll pick up perhaps 0.3 of an inch of rain there. one other side to the storm is the wind. that's got two implications for us. one of them is the surf, because that storm's got 60-mile-an-hour wind gusts in the heart of it. this is creating a huge swell in the ocean, which is heading our way. more on that in one second. the other thing is it's going to be windier tomorrow morning when that system comes onshore. if we look at some o

wood burning could have big impacts on air quality and a reminder, burning wrapping paper is illegal. that's because of the chemicals used to make it. >>> so let's check on our forecast with meteorologist darreneck. so not necessarily a spare the air alert today, but something to keep in mind. >> no. just a friendly reminder. we're about to get some rain and wind to clear a lot of that stuff out for those who maybe don't listen. we looked at the first storm last visit, the wednesday rainmaker. we went into the detail from a rain standpoint, but there's one other aspect. that wind field will get here wednesday morning. watch the colors light up along the coast, gusts 30 to 40 miles an hour along the coast between about 9:00 a.m. and 1:00 p.m. from that system. so first item, it's going to be windy, but those winds on the pacific are also kicking up a pretty big swell. as a result, there's a lot of wave energy coming our way. let's use the virtual map to draw your attention to one other important part of the bay, the coast. there's a swell already heading our way from out there that's going to get here thursday. as a result, we just take a look at the forecast from the national weather service,

it's legendary roy wood with it's the legendary roy wood with arguably the greatest christmas song of all time. check this out darrenings the song where the judge blockfi's no word . blockfi's no word. >> it made me smile. i'm so glad it's funny. we love to see your band break the number of your head. band break the number of your head . but you like to dance . you head. but you like to dance. you know the treats i love the way the weather. wish it could be christmas every day . oh, when christmas every day. oh, when the kids started singing lord balfe begins to brag. hey oh, i wish it could be christmas . wish it could be christmas. every day . like the bells are every day. like the bells are ringing out for christmas . but every day. like the bells are ringing out for christmas. but. >> brilliant stuff and i think actually, that must be one of the best christmas songs. but let me know what yours is. i'll be with you until 6:00 now. in a few minutes, i'll be bringing you the king's christmas message, and we'll analyse and discuss off the back of that, i'm darren grimes and you're watching on listening to merry chri