and they had exxon solar. >> exxon wanted to become an energy company. with funds, the oil business was doing really well in the '70s, and so they wanted to move into other fields related to energy. the energy projects that they were doing were very well funded. each one of them would have teams of five to ten scientists and then technicians supporting them. so the project that i ultimately ended up working for them on was really blue sky. they weren't gonna make any money on it. it was just research for the sake of doing research. for somebody who was 22 or 23 years old, it was like, "wow, am i... i'm really happy here, you know, it's a really great place to be working." i was really happy to be working for exxon. >> ...two, one. (beeping) (engines roar) >> back in the mid-'70s, i was working for nasa. it was a very exciting time because nasa was sending probes all over the solar system. and the information that was coming back was very interesting-- things that we never knew. for example, we found out that venus was very hot. it's at least 700 degrees

a number of oil companies are represented. companies like exxon. let's say exxon c, e o. at the time, explain who they are. we are the largest private company in the world. our company sells a 1000000 barrels a day of product. that's a 1000000000 gallons every 3 dates. back to the american petroleum institute, a p, i where some of the biggest players in the oil industry meeting. one of the participants is myron able, they solicited advice because we had certain kinds of expertise that, that they didn't have a, it was an industry effort with some help from people like me. in documents from this meeting, you can see a clear purpose. victory will be achieved when average citizens understand uncertainties in climate science. and when these uncertainties become part of conventional wisdom, according to the documents, big oil, once the public to doubt the science behind climate change. boom. and it wasn't scientists who invited to the meeting. i'm not an energy analyst expert and i'm not a climate expert i. i have a certain amount of experience in translating a policy into into

we'd like to ask exxon mobil. wyatt funded climate skeptics, and in add some statements has cast out some climate science. but exxon did not answer these questions and declined an interview. we'd also like to ask a p, i about the critique that it spreads doubt about climate science. but a p, i hasn't replied nor agreed to an interview. exxonmobil and api i right, that they are working on technologies that may reduce climate change. they've also said this in commercials, plans capture c o 2 would have other kinds of plans captured it too. if the deuced carbon emission levels to the lowest in a generation. let's make tomorrow better together. ah, be on dog light beyond petroleum b, b. but our green are the oil companies. actually today we asked the wells 5 largest oil companies, how much they invest in green technology and how much they invest in extracting fossil fuels. chances that it now spends 5 percent of investments on green technologies. the french oil company to tile says it spends 10 percent b, p, chevron,

well, they also received money from exxon mobil. they oil industry was a main bank roller and cheerleader for opposition to climate action. their financial support of the climate skeptics in the scientific community ensured that we had the references and the citations that we needed to make the credible argument. ah, is the earth getting warmer and there's a lot of discussion about that? is it? oh, i've in it the answer to that is in some places. yes. and, and others know, patrick, michael's doesn't want to comment on the critique that he has received money from the oil industry, climate, skeptical scientist willie soon didn't respond to the critique that he's been paid by the industry. fred sing as lawyer has been presented with the critique of singer, but hasn't replied steve. malloy dropped an interview at short notice and has declined to comment on the critique. many of them have previously said that their research isn't influenced by money from. for instance, the oil industry. this is all about deflection. it's all about distra

. >> still to come, when exxon buys back $2 billion in stock in one earnings period, that should tell you something professor khouw will explain how to trade that. for everything "options action," check out our website. while there, sign up for our n newsletter we'll be back in two trading isn't just a hobby. it's your future. so you don't lose sight of the big picture, even when you're focused on what's happening right now. and thinkorswim® is right there with you. to help you become a smarter investor. with an innovative trading platform full of customizable tools. dedicated trade desk pros and a passionate trader community sharing strategies right on the platform. because we take trading as seriously as you do. thinkorswim® by td ameritrade >>> welcome back to "fast money" and earnings announcement this morning. exxon slipped in, that it is on track to buy back $30 billion in stock through 2023 so, carter, what does that signal to you about the overall energy sector? >> well, i mean, if you think about it as an operating business, is that good or bad? i would say that's bad, consid

what was exxon's net profits last year ? >> $23 billion after a loss of $20 million in 2020. >> i saw the announcement exxon's profits were only the first quarter of 2022 would be as high as $9 billion, that's incredible. mister lawler was bps net profitslast year ? >> approximately $7.6 billion after a 2020 loss of 20 $16. >> and mister wirth, chevron 2021 net profits? >> $18.6 million after a loss of 5 and a half million the prior-year. >> ms. watkins, shells net profit? >> shells earnings were about $19 billion. >> and mister muncrief, devon's net profits? >> 2.8 billion. >> mister sheffield, exxon's net profits. >> 2.1 billion after the largest loss in history before. >> that's almost $77 billion of profit just from the six companies testifying before us today and there's nothing wrong with making an honest profit . your companies have funneled record profits back to shareholders and for 2021 and 2022 the six companies here today collectively executed or announced approximately 45 billion in shared repurposed programs in

what was exxon's net profit last year? >> $23 billion after a loss of $22 billion in 2020. >> thank you. by so the announcement on monday that the profits for only the first quarter of 2022 could be as high as $9 billion. that is a credible. what was bp's net profit last year? >> approximately 7.6 billion dollars after a 2020 loss of $20 billion. >> and chevron's 2021 net profit? >> 2021 was $50.6 billion after a loss of $5.5 billion the prior year. >> and shall? -- show -- shell? >> shells earnings were about $19 billion. hugs devon's net profits in 2021? looks to .8 billion. thank you. -- 2.8 billion. >> and yours? >> -- >> that's almost $77 billion in profit from the six companies testifying force today. there is nothing wrong with making an honest profit, but your companies have funneled record profits back to shareholders. 20 to anyone and 2022, the six companies here have executed or announced a proximally $45 billion in share repurchase programs in addition to the almost $40 billion in dividends issued to shareholde

exxon just didn't like the science that was coming out.ment of those who were leading the scientific enterprise. >> narrator: within two years, the scientists that exxonmobil had named, including maccracken, would retire or be replaced. >> exxonmobil tried to control the discussion of the united states. and then put off the problem. "we'll make our profits now and we'll slowly change, but we won't do anything urgent enough as, as the science was indicating." and so i chose to write a letter directed to lee raymond as chairman and chief executive, but copied to everybody else. "dear mr. raymond, while my departure may be satisfying to exxonmobil, i can assure you that this will not make the scientific challenge of climate change and its impacts go away. that 150 countries unanimously agree about the science of this issue is not because of some green conspiracy, but because of the solid scientific underpinning for ts issue. to call exxonmobil's position out of the mainstream is thus a gross understatement." and then a few weeks later, i rece

what was exxon's net profit last year? >> $23 billion after a loss of $22 billion in 2020. >> thank you. and i just saw the announcement on monday that exxon's profits for the first quarter of 2022 could be as high as $9 billion. that's incredible. what was bp's profit last year? >> $7.6 billion after a 2020 loss of $20 billion. >> mr. worth, chevron's 2021 net profit? >> 2021 was $15.6 billion after a loss of $5.5 billion the prior year. >> and shell's net profit in 2021? >> yes, shell's earnings last year was about $19 billion. >> thank you, ms. watkins. >> and devon's net profits in 2021? >> $2.8 billion. >> mr. sheffield, pioneer's profit? >> 2.1 billion after the largest loss in the company's history. >> there's nothing wrong with making an honest profit, and as gas prices soared your company funneled profits back to shareholders. they have executed 45 billion in sherry purchase programs. that's a lot of money to shareholders, but it's coming at the expense of the american people that need you to dramatically increase

spokesperson. >> this is a strategy document from exxon-mobil that basically says, let's lie.ct of climate change. >> reporter: tong points to ads that look like editorials from exxon-mobil, as well as executive's own words. >> but scientific evidence remains inconclusive as to whether human activities affect the global climate. >> reporter: some of the memos acknowledge uncertainty about this. does that strengthen the company's argument this is not settled science? >> no, it doesn't. bcause they knew with a fair degree of certain there could be catastrophic effects from the continued use of fossil fuel. the facts that scientists have questions about their data is unremarkablement that's what scientists do. >> reporter: you're argument is even if they didn't know everything, they knew enough? >> that's right. >> reporter: exxon-mobil is named in all 24 of the lawsuits and says these claims are baseless and without merit. they accused more than 40 companies -- >> the doubling of the co2 to the atmosphere will produce a tremendous greening of planet earth. >> reporter: some part

, i believe it was in that same video where exxon was also brought me about. it's access to jo mansion in, in helping block this bill. so we still have not had this legislation passed into law, and you can trace that back to the money that's been spent to delay it. this legislation shaped the public messaging so that it doesn't pass and also pressure. lawmakers like joe manchin into not voting in favor for this. so i'm really glad you mentioned joe mentioned because i have a 2nd to say, so go ahead. you can just, you know, we can let the republican party have a pass here. i mean, mike lofgren, who was a 30 year staffer for a senator from ohio, wrote a book called the parties over pub, came out before trump, and essentially described the republican party as in india, logical cult. and what he means by that is that, you know, they don't take a stand on issues, they don't evaluate the facts. what they do is they've, they're likely tribal heard that follows the logical agenda. and so what happens is you can always count and then devote against climate legislation.

lisa: exxon tripled their share buyback.d not boost their dividend but they are expected to later in the year. how much does this make business sense for them? maybe it doesn't make sense for them to boost production or is this something where they see it is no advantage because of this how the supply chains are now but longer-term would make business sense. >> i think you can make an argument that they could increase their revenue if they did increase production. if you think production will not bring oil prices down that much, these other geopolitical factors are with causing prices to rise. wti is up to $106 per barrel and germany says it won't oppose an oil embargo against russia. that's not something that increase of darrell's per day in the u.s. will combat. if you are looking at the long-term picture, it does make sense not to shell out a lot of money in a hasty way to try to increase production that you might not be able to because of these other factors. instead, it makes sense to pay down debt and do these share bu

wood, reports indicate that your company exxon, excuse me?exxon could see a first quarter profit of about nine billion dollars. do you think that it makes sense for your company to receive federal subsidies while you are seeing such high profits? >> so i would, first quarter profit in the context of much longer time rise which is the time arising that we make investments over. if you look across the industry as a whole, in our company specifically, across that time. the return that we generate for the capital that we have to invest, is fairly average versus the rest of industry. we have cycle high the cycle lows and it's important to look across those. as a mission in 2020, our economy lost 22 billion dollars. and so we rode through that continue to make investments in that year we lost 22 billion dollars, we may 20 up billion dollars of capital -- >> if i could just because i have such a short time. you know lots of companies especially during the pandemic, lost money. but we do as american taxpayers, pay subsidies to the oil and gas industr

exxon mobile taking a charge due to that quick exit from russia.is beating the q1 and, jim, they raised their production guidance over q1. >> yes, a lot of people were thinking just like a lot of the other companies if they stay disciplined the price of oil will stay high. that is inline with what i was looking for, and i got some word from mike worth with the pipeline to russia, and nothing to worry about, and he has the break even numbers to give you a profit of more than $50, and no price on the numbers and you can buy back as much stock as you want and not much from the buyback or the dividend, and buy it, because this is the most attractive of the large caps because of the yield and because of the buyback, and because wirth is so good. he is doing a lot of the offshore, and offshore making a lot of money. talking about the strategic petroleum reserve. biden is releasing 1 million a day, and that is going to run out. when it does, the price of oil is going to go up. that is keeping the price down artificially, and people should recognize that i

lisa: we've gotten earnings from exxon and chevron this morning. we will get phillips 66 before the bell and how much do we get the political pushback? they tripled their share buybacks and chevron reported the best earnings going back a decade. how much does this become an increasing liability? business levels, makes no sense for them to increase production but they are near their record highs and this is ramping consumer spending going forward. we are looking forward to the ecb chief economist joining us on bloomberg surveillance after a slew of data that came out of the euro zone including inflation. 7.5% is shocking. the kicker of the gdp coming out quarter over quarter at 0.2%. this is the bad story the ecb is facing, slowing growth and lehigh laois and and that's leading into the euro and how do you put those together into monetary policy that it reflects the inflation rate of real rates in europe that are beyond precedent. today we get a slew of u.s. data we are focused on the employment cost index. how much will we take a look going forward

not only that, they were believed by the executives at exxon.every drilling rig that the company built they built higher to compensate for the rise in sea level they knew was coming. what they did not do was tell the rest of us. instead they invested billions of dollars in building this architecture of deceit and denial and disinformation. so that's why it's good that so many people have stood up, that so many people have gotten in the way of pipelines and frack wells and coal mines. we don't win all those battles, but we winppa lot of them. and even when we lose them, we slow down this onslaught. and every month that we slow it down is a month that the engineers drop the price of a solar panel another percent or two. it's very good news that people have triedppto get in the way of theirppfinances. the divestment campaign that so many people helped with. [applause] we celebrated last month the moment when we went past the $11 trillion mark in endowments and portfolios that have divested from fossil fuel. [applause] that was a good moment, bu

greenpeace and extinction. rebellion activists for blocking a tanker delivering russian oil to an exxon mobil terminal. the group called on the norwegian government to ban imports of russian fossil fuels and said exxon mobiles, local units should cancel, contracts for imports from russia. the german cabinet has agreed on amendments to the energy security act. in the event of an energy crisis, it allows the government to place companies into a state trusteeship, and in extreme cases, they can even be expropriated. the original legislation stems from the 19 seventy's oil crisis. the european union is desperate to boost ties with india and wants delhi to reduce its length to russia its main weapons supplier. the blocks latest attempt takes the form of a new trade and technology council meant to boost cooperation. european commission president was a funder lime pays her respects at memorial to indian independence hero. mahatma gandhi, the west was rattled when india sided with china in backing rushes, invasion of ukraine on a visit to new delhi, the europeans now hope to at least keep trade

on friday, we will hear from exxon and many people will be up in arms about how much money exxon has made. there will be pushed back not building out capacity and not building supply but maybe exxon is not part of that story. what about the airlines? they are now minting money again and they refused to build out the capacity story. it's a big staffing and labor issue there. they are reluctant to bring the capacity back on anytime soon. tom: i'm good to go to the gates. there may be a huge airport constraint. i'm not an expert but in selected cities, i will pick on heathrow. there are major battles if you raise capacity, where you land your airplane. that something no other industry faces. jonathan: we talked about the airlines boosting capacity and it's hard to do that. lisa: it is more political given the transformation in energy and how much that is coloring some of the rhetoric around oil. i think there will be a lot of controversy there. how long before we start talking about dividends? tom: exxon ebita rounded up to 50 billion dollars. jonathan: first quarter energy for revenue

from mcdonald's to exxon, they've left the russian market on their own accord. 600 of them. think about that. the private businesses choosing to leave russia rather than the risk being associated with putin's brutal war. and this ban on investments will make sure that new money can't come in to russia to replace what's left so that russian economy doesn't feel the loss and the loss of these businesses for the long term. third, we're adding to the list of fully blocked russian companies. these companies are major revenue generators owned by the government which putin uses to fund himself and enable his war in ukraine. they will be cut off from doing any business with the united states. they will not be able to access or use any assets they have in the united states. and, fourth, we, along with our european allies are adding the names to the list of russian elites and their families that we're sanctions. did you see these yachts being picked up? no, think about it. think about the incredible amounts of money these oligarchs have stolen. these yachts are hundreds and millions o

and so the dark money comes in, presumably from folks like the coke brothers from exxon mobil and fossil fuel companies. it gets laundered through dark money to these organizations that serve as mouth pieces for promoting industry friendly propaganda, climate change, denial, propaganda. so rebecca, we have a in and i to say a newish administration, who said part of that mandate was to address climate action to address the climate emergency. how is not going? has us special interest disappeared? because you have an administration that is saying that it's committed to climate change kind of action. yeah, this is doc money in auction basically because we have a bill that it represents the most historic level of spending we could have in this country on climate change in over a decade. that's built back better, but that bill has not passed the senate and not is largely because of a single sen, joe mansion of west virginia. i'm now going back to the video that you showed earlier that some obvious, i believe it was in that same video where exxon was also brought me about it's access to jo mans

charlie, this some work that the green piece journalism did, which is they track down and found an exxon mobil lobbyist. and i want to play a little clip of how he described his job, what he was doing. and then he, you talk about the damage that can be down by lobbyists in the fossil fuel industry . as having this in this have a look festival. did we aggressively fight against some of the science? oh yes. how did we hide our science? absolutely not. did we, did we join some of these shadow glimpse to work against some of the early efforts? yes, that's true. all. but there is nothing whose nothing illegal about that isn't what you know, we were looking out for our investments. we were looking out for our, our in our shareholders. that's exactly the playbook. a minor part of it. as dr. men described lobbyists are crawling all over washington d. c. there's probably $10000.00 registered corporate lobbyists and the fossil fuel industry and some of the other interests that to depend upon them politically. so to speak are, are some of the most powerful on the hill. ah, we hear it all the time f

get back to cheryl with he details on the exxon quarter.h the numbers right now. what's interesting is the initial earnings per share that i'm looking at, the stock looks like it's marginally down right now. here's what we're seeing here. the company coming in with 5.48 billion, excuse me, that's not correct. let me go back to this. i'm seeing $1.28. i want to p confirm with everybody that that's what we're seeing. as far as capital expenditures, 4.9 billion, production, 3.68 million barrels per day. but it's on the revenue side had that i want to confirm what seeing right now. i'm seeing a couple different numbers. exxon mobil, yeah, capital expenditures, they took a $3.4 billion aftertax charge in the quarter related to russia. a 4 point -- that's exact what we're seeing. anyway, they took a $3.4 billion aftertax charge in the quarter related to russia. that charge really does seem to be affecting the numbers that you're seeing on your screen. as far as the earnings per share, the first number that i'm seeing here, cash flow from operatin

you like exxon here. it's already up 35%. you think there's more room to run?like exxon here and the reason for that is because when i'm looking for this setup going into earnings, i like to focus on the strong sectors of the market. when you have that wind at your back, that can really help carry the trades forward and so while exxon is already up, it has pulled back in the last two weeks or so and it's sitting above a key area of support about the $80 price point. you have crude that obviously despite what president biden is trying to do, very strong with crude prices energy segment is strong and with exxon, i'm just looking at this as a smaller trade i'm not buying shares at this level. but i do like just getting into the trade at current prices and trading it up into about 85 to 88 with a stop below 80. so for me, that's a great risk/reward for something that's going to last about three weeks. >> fair enough i take your caveats about it may not be for everybody all right. finally let's get to the bail today. i'll just go ahead and reveal. it's up 5 % this w

we are watching exxon mobil, chevron pledging to ramp up stock buybacks as oil and natural gas pricesurge. we will have the latest. this is bloomberg. ♪ kriti: this is "bloomberg markets." oil with a faith monthly gain. this comes after a volatile period from the fallout in the war in ukraine. you can see the streak of positive flows with oil. you can see the effects of the trade war, when you go back, but now it is an an inflation hedge, something of a sure thing. you can see that, even as we talk about the potential of lower growth in the world. jon: the idea of momentum. these charts tell the story. we just talked about the tech wreck. right now, people are cautious about moving away from the energy trade, to your point, it has been a very valuable trade to investors over the last five months. kriti: there is an echo effect when it comes to the stock market and dollar. the flow on the commodities front, whether it is food or natural gas, let take a look's a look at the energy picture with regina may, kpmg international principal global head investor. we heard from major oil players

. >> either way exxon mobil a shining light on the big oil names we have to letter viewers no exxon mobil said the recent price spike in oil and gas can certainly help it adds $2.3 billion to exxon bottom line profit. i want to get your comment on lael brainard she is the federal reserve governor and she said we have to draw down the balance sheet at the fed which ballooned during coping to the unbelievable height 9 trillion, pretty much right away. you know we have jamie dimon saying in his letter that they are going to start hiking rates at a faster pace and way longer, where you stand on that. >> i agree when will the fed get our gear there was a 25 basis point hike but qe is continue represents and they are raising rates by growing the balance sheet their conflicting themselves there's not been any real action taken. liz: were gonna get cut off by a commercial break we are at session list for the nasdaq, thanks so much for joining us, much more straight ahead we are coming right back the dow at 254 and nasdaq lower by 327. ♪ how? aren't we all just looking for the hottest stocks? (fis

exxon makes maybe a nickel. aren't you telling people that they ought to be thinking why it gallon of milk costs less than a gallon of gas when a whole got more resources and energy and regulations and every single into the gallon of milk than into the gallon of gasoline? we are being ripped off here. also, biden does not want lower gasoline prices. he went to london and demanded that electricity bsg best gasoline. -- be as cheap as gasoline. how do you do that? you raise the price of gasoline. that is why he shut down the pipeline. he wants the price of gasoline to go up but it went up too much. then he went, i'm going to pretend to lower gasoline by releasing. what is it going to go down, nickel? come on, you suckers. you have to figure this out. we are being ripped off at the pump. he is giving gas companies like this the couch as. -- license to gouge us. host: greg abbott, the governor of texas tweeting, biden does not get it. stop blaming oil companies. texas will make american oil independent again. kevin

what was your take awa >> look, it is sickening to sit and watch exxon executives talk like that.you don't need much imaginatn memory to recall that darren woods predecessor rex tillerson was such a friend of vladimir putin that prudent literally -- putin pinned a metal on him outside moscow because exxon was perfectly willing just what kind of regime putin was running to invest hundreds of millions of dollars in trying to get at arctic oil they could only get at because they had already melted. it goes on and on and on. the koch brothers, who are still doing business in russia right now, the got their start, the family fortune was founded building refineries for stalling. -- stalin. there protesting hollow especially because ty know what the altnative i the alternatives rapid deployment of renewable energy just as the ipcc report called for earlier this week. amy: i think most people have asked, why are the gas prices going through the roof, bill? that would say, oh, it is because of the war in ukraine. of the fact the oil companies are using this crisis to record unprecedented p

six big oil leaders called to testify before congress including executives from bp, chevron, exxon andeping petrol prices artificially high to make more profits. big oil is choosing to keep supply low. prices high. and their pockets lined with the hard earned dollars of struggling american consumers. the hearing comes as oil companies made lots of money. exxon estimates profits for the first three months of the year will be the highest in more than a decade. bp also posted bumper profits. but the oil leaders deny profiteering, saying factors outside their control have kept prices high. the answer is straightforward. if we want to reduce prices we need to increase supply. we have no tolerance for price gouging. because oil is a global commodity, shell does not control or set the price of crude oil. republicans see a different culprit in record high petrol prices, pointing the finger at president biden for getting in the way of the oil industry. this is not the putin price hike, or the result of companies suddenly deciding to make money in 2022. this is the biden price hike. scrambling t

folks at exxon know what that's all about. my question, i want to start with mr.sheffield, this weaponization of the financial industry has had and will have an impact on more oil production; is that correct? >> yes, that's correct. in >> thank you for the question, i think just from what i can gather from a they've not had any issues maintaining low cost of capitol. >> mr. werth, same question. >> congressman, there are no shortages of efforts underway that appear to be intended constraint access for this industry. >> appreciate that. i want to make some other points. the future depends on us getting right and can continue on this and watching skyrocket to meet g next to nothing to reduce emissions. renewables only path and keep watching prices skyrocket, failing to meet demand and doing next to nothing to reduce emissions or we can face the facts. american oil production is cleaner than opec's and russia's by lot. oil and gas is still expected to make up the loye on's share of the production. you cannot change these facts. the fact, is renewables will never imme

so far, exxon mobil and the western plastics association have not commented. francisco's chinatown is preparing for this weekend's first neon was never brighter festival mayor london breed and assembly member phil ting were among the city and state leaders on hand for the event to kick off this festival. it will be a day long contemporary arts festival to celebrate the history of san francisco's chinatown. today's event took place in front of the building that will eventually house edge on the square, which will be a space for art and education. edge on the square is going to be a contemporary hub. a new icon and a new destination for china, tang and for the city. we are a strong voice for immigrants. a strong voice. for new narrative. the neon was never brighter festival will be taking place throughout china town on saturday. it will include 11 art installations and works from 25 local asian artists. while inflation is particularly hitting hard for senior citizens on fixed income coming up the programs and resources they are turning to make ends meet. add in

>> we can't comment on the relationship with exxon. no comment on that for the time being.u tell us more about the process? if you can rack up big partners, this could be quite powerful. >> flaring is a global problem. the world bank has an initiative to and routine flaring. there is a large amount of gas tickets flared every day with no beneficial use. we can harness that, we can power the entire bitcoin network eight times over. it is enough to power all of sub-saharan africa. it's a significant amount of wasted gas globally. today, we operate in north dakota as well as colorado and wyoming. with the additional financing, we are planning to expand into markets like the permian basin in texas, a market in argentina, places like abu dhabi and oman in the middle east where flaring has been a persistent challenge. emily: what are the opportunities that you see to align the future of computing and the climate? >> our core mission is to align the future of computing with the future of the climate. for us, that means building large-scale computing infrastructure to solve the wor

. $10 billion for the exxon/mobil.s pouring in but we hope to channel it in the many other sectors so that we can have a diversified economy. anna: the private businesses that are going to be playing a role in nats, vice president. you mentioned common. what is the latest for leasing new oil licenses? will common be allowed to bid or do you want to have other players? v.p. jagdeo: we have been very cautious of this, even when we are contesting the elections. prior to now, their licenses were issue on a first-come, first-served by a from the moment we discovered oil, we decided we would have to auction these bids for new areas. we're in the process of determining whether that auction will take place with seismic studies done by the government of guyana or without seismic. and our utilizing those resources until a national oil company and getting a strategic investor. we have not made a determination whether we would allow, should we go to the bidding rules. the auction rules is common -- exxon and the others to particip

now everything is destroyed exxon us t and tries to reach out to the children with games and music. and they are often amazed above the resilience of the young patients. whenever this league, but then sometimes we ask ourselves who was treating home or are we treating them or they treating us to me. it works in both directions, even if they give us so much of a of if they went with us, we would be much worse off more than i bought the gift of a patillo son that has learned through her work that dr. sort of gift showed when false hope the situation is bad. and unfortunately, the most innocent of all, we'll probably have to live with this for a long time. ah, a foreign country, a foreign language. children who have fled from ukraine to germany. faith major challenges. teachers, welcome them at school. is that your pocket calculator? yes, it is my pocket calculator. now, altogether, pocket calculator after that sounds pretty good, especially given that these boys and girls have so far, only been in the welcoming class at the lessing high school for 3 weeks. just a week before that, the

exxon reports on friday. i'll say this, they've never been more financially disciplined.lion in upstream earnings they have ex-poerkz to chemicals. highly free cash flow regenerative i aagree with what chris said about that the weak hands are out of the energy space fallen 68% in three days these companies are well position >> one of the biggest names in big tech microsoft on deck to report earnings after the bell tomorrow options betting that could be a trade higher mike khouw joins us. >> we saw microsoft trade above anch options today implying a move of about 6% or so by the end of the week. that's significantly higher than the 3 1/2% that the company has averaged over the course of the last eight quarters and the most active options were the weekly 300 strike calls, nearly 22,000 of those traded for about 1.23 apiece and buyers of those are obviously betting microsoft is going to trade higher. quick point, the last two quarters the stock did actually rally, close to 7% in the three days that followed earnings. and that could be what they're betting on but i would poin

the environmental anzio. estimates that the total amount globally could be as high as 5 times the exxon valdez oil spill, which was one of the worst environmental disasters today. next, tell us about the main obstacles you encountered during this investigation of what i just mentioned already on happens out at sea. so it's very difficult to sort of got an inside look at what's happening aboard a ship. what we try to do is find several whistle blowers and one of the obstacles was also getting them to talk because people who speak out are being blacklisted and they told us their freight of not being able to find work anymore. which is why none of them spoke to us with their name. we had to anonymize the accounts. yeah. max, as you mentioned, it doesn't take sophisticated technology to circumvent these environmental rules. and we also saw that in the report it takes a pump and a couple of pipes from what i understand, how are these rules being enforced in an industry that spans the globe. and that has so many dark corners, as you mentioned. so the last or that internationally, by an intern

exxon posted earnings that missed estimates.he company took a $3.4 billion charge related to its russian operation. still, exxon will boost its share buyback to $30 billion by next year. global news 24 hours a day, on-air, and on bloomberg quicktake, powered by more than 2700 journalists and analysts in more than 120 countries. this is bloomberg. >> this brutal war of aggression being committed by russia against ukraine has brought into sharp focus the power and purpose of american diplomacy. our diplomacy is railing allies and partners around the world to join us in supporting ukraine militarily, economically, and with humanitarian assistance. jonathan: that was u.s. secretary of state antony blinken. this is bloomberg surveillance. the nasdaq 100 down. disappointing guidance from apple. yields are higher by three basis points. in about 12 minutes, we will have the employment cost index in america. tom: as wages and benefits conflict, that is the number. you wonder within the inflation debate, what we have heard a couple of wee