exxon is nothing if not realistic.heir experience in this proxy fight has surely gotten their attention. they've got three people on their board who they didn't want to be there. and so, they've got to learn to, you know, navigate in a different kind of conversation. change is good almost always. and the change here happened, you know, faster than it otherwise would have. i think everybody is benefiting from a room that's got more new thinkers. jeff ubben, a leading activist investor, is the founder of inclusive capital partners, which focuses on sustainable investing. he was one of the two members who joined the exxon board due to the pressure from d. e. shaw. it's a good board. you've got environmental activists in the room. he kind of an anchors the conversation over here and then makes other people like me look reasonable. you know? no, but that's what a board should have. you know, i'm curious about what you've learned about the oil and gas industry that maybe differed from your beliefs before you joined the board

we'd like to ask exxon mobil. wyatt funded climate skeptics, and in add some statements as cost bout 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 doubts about climate science. but api i hasn't replied nor agreed to an interview. exxonmobil and api, i writes that they are working on technologies that may reduce climate change. they've also said this in commercials, plans capture c o 2. what if other kinds of plans captured it to if reduced carbon emission levels to the lowest in a generation? let's make tomorrow better together. ah, b on dogs. light beyond petroleum. b, b. but our green ah, 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 total says it spends 10 percent b, p, chevron, and ex

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 days. 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 and they solicited advice because we had certain kinds of expertise 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. 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 action. and i suppose tha

well, they also received money from exxon mobil. they. busy 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. one is the earth getting warmer and there's a lot of discussion about that? is it? i think 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 distrac

look for something a little different. >> mike, you like exxon as well?y, not for a decade certainly. this is not a multidecade trade as far as i'm concerned. this is sort of steep and uncorrected. that's carter's language, not mine, but we were pairing some of our energy exposure today. >> steep and uncorrected is that a good thing couldn't that be a good thing? aren't there god-like charts in the market that are steep and uncorrected? >> that's right, it's a good thing, but there's too many of a good thing like 25 cookies or 25 drinks let's look at two charts we're right back to a former high, and even if you're bullish, before exceeding a former high, typically you'll contend with it. what we know also, and you can see how well defined these lines are, i think we back away here a bit -- either back away a lot or a bit. but the third and only other choice, straight up and out, i don't think that's a reality i would also point out that if you look on a trailing six-month basis, you can look at the actual s&p 500 sector and then the equal weight sector, w

i would say be careful about exxon. energy is a difficult business.ss, climate activists breathing down your neck, i would say take profits in exxon now. jack: you will take that money and put it in a speculative name. ben: theinterest has been beaten down but hit it slow earlier this year and hasn't gone down much. it is above the 50 day moving average, there's activists involved and this might be the time to go after it. jack: a lot of contrarian pics from barron. check out this week's addition the following is an important paid program about humana medicare advantage prescription drug plans, sponsored by humana. at humana, we know that no two people are alike.

i would say be careful about exxon. energy is a difficult business.activists breathing down your neck, i would say take profits in exxon now. jack: you will take that money and put it in a speculative name. ben: theinterest has been beaten down but hit it slow earlier this year and hasn't gone down much. it is above the 50 day moving average, there's activists involved and this might be the time to go after it. jack: a lot of contrarian pics from barron. check out this week's addition of barron.com and check out barron online. that's all for us. see you next week on "barron's roundtable". you want to "the evening edit" on fox business. that does it for us. what a wonderful week. i really enjoyed this, thanks for watching. >> from the fox studio in new york city, this is "maria bartiromo wall street"

but i want to go to exxon of 1st exxon from a public health standpoint. what happens if china relax is it's anti cove measures? well, there are several things in 1st of all, the elderly population. there's a big vaccine gap there. and also just the types of vaccines that are being used. so we do see that the m r a name, pfizer, type vaccine is more efficacious. so there is a reduced, let's say, protective element. i think there's really important our next step is to to drive up that vaccination rate, particularly in the most vulnerable sections of society and switching which public health tools they are using. i'm to protect their people. so there will be, again, a bit of an immunity vulnerability gap in this area just because they have through a quite extreme measures been able to compare to other countries, keep her cases relatively low. however, long term we do see that covert is endemic. so any, it does mean that there's going to be a situation in which, which there's, i've, unless there are other tools used. you can't go on locking down permanently.

right now in the 2020s it's exxonmobil >> mike, you like exxon as well? >> not really. certainly. this is not a multidecade trade, as far as i'm concerned. and this is sort of steep and uncorrected. that's carter's language not mine, but we were pairing some of our energy exposure today steep and uncorrected. is that a good thing couldn't that be a good thing, carter aren't there god-like charts in the market steep and uncorrected. >> there's such a thing as too much of a good thing as you know you want to sometimes stop so let's look at two charts of the xle. the issue here we're right back to a former high and even if you're bullish before exceeding a former high typically you'll contend with it what we know also and you can see here how well-defined these lines are. i think we back away a bit and either back away a lot or a bit. but the third and only other choice straight up and out, i don't think that's a reality i would also point out this if you look on a trailing six-month basis you can look at the actual s&p 500 and their sector and then the equal weight sector

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, b

they said they could handle an exxon valdez size spill every day. they couldn't. bp said the spill was 1,000 barrels per day. it wasn't, and they knew it. in preparation for this hearing, the committee reviewed the oil spill safety response plans for all of the companies here today. what we found was that these 5 companies have response plans that are virtually identical. the plans site identical response capabilities and tout identical ineffective equipment. >> over one million dollars will be awarded to the teams that prove that their cleanup system could meet the competition's strictest requirements. >> our first prize, the winn schmidt oil cleanup x challenge was a response, essentially, to something we all remember, the deepwater horizon oil spill in the gulf of mexico. in 2010-- i certainly remember, i'm sure a lot of folks do--this was ongoing every day, oil spilling into the gulf, the havoc it was wreaking on wetlands and other critical ecosystems of the gulf coast, you know, from texas all the way to florida. and the sort or feeling of helplessness. >> th

>> yep >> you said exxon or schevron. you said you could own both.hey both had a great year you will take 51% or 77%, and 77% is exxon why is the out performance that dramatic >> it's the geography of where they explore and where they produce, and sometimes there can be a short fall, and over time these two companies track each other very well. and the xle is 45% these two companies. it's really like these two are the bellwether for the industry. >> josh, you own the ieo, and that's the oil and gas emp, and you have increased your exposure as the year has gone on. >> yeah, i think what we are seeing is a viable dip i could be wrong and they are still above their 200-day moving average, so 8 out of 10 names are still in a bull market even a return in the xle names, they are up 66% year to date i think if we are going by weight of the evidence, it's still an ongoing bull market take a look at evaluation. it's a 1.9 price to sales and a 13 price to free cash flow they have median earnings per share growth this year, expected to be 140% you have the indu

the white house is look at the buybacks exxon repurchase of $10.5 billion of shares this year. with $7.5 billion on buybacks through the end of september. wall street seems to like what it is hearing, frank both stocks hitting record highs yesterday. >> pippa, what do the oil and gas companies say with the response from the administration are they growing production? >> they are highlighting production in the permean basin. they say this is a cyclical industry so they say they are investing today, but we are not going to see the impact of that until further down the line. they are also facing the same inflationary pressures across the economy with labor finally, a common talking point here is the administration's flip president biden ran on the green energy agenda and now calling for more oil production. executives from oil and gas companies say with the flip flopping policy, it is really hard to focus on the long-term decisions with everyone calling for peak oil >> pippa, thank you. >>> still on deck here on "worldwide exchange. the surge of layoffs in silicon valley we lay ou

this is now the sector obviously driven by exxon, chevron, and a few others. is the s&p sector's relative performance to the s&p it's a ratio chart forget about the scale all we're looking about is direction of the line. if it's rising it's outperforming. the key is this period where energy has really outperformed the s&p. but next chart -- this move, this strength, and where does it leave us it's so important to mind your trends it goes right up to did, and guess what it's struggling. 700 base points. what that warrants of course is a big old down arrow, and there it is. i don't like it. in terms of the xle itself, let's goat one stock in particular here is -- it's so often the case these lines draw themselves. i didn't make the thing fit this trend line it's how it is what we really have here is a double top and that deserves a big old red arrow, so i think we're going down further take a look at ox y. it's been a great winner it blew out the top. what you've got here is one, two, three -- down arrow, and we're going to come at least to the upper band if not

exxon's repurchase $10..5 billion worth of shares this year chevron has spend $7.5 billion on buybacks through the end of september. wall street seems to like what it's hearing, with both stocks hitting record highs today. >> energy policy just one of the ways the midterm election could ripple through wall street according to our next guest, a split government could lead to oil permitting reform. investors could see more -- isaac poltanski join us with his midterm playbook let's assume for the moment the gop rolls in the house and takes the senate what could that mean for permitting and energy complex? >> i think we can expect some permitting reform. this is pretty straightforward -- >> is anyone hearing isaac >> yes go ahead, isaac. we're listening. >> we were always expecting, at least the gop house next year, but with the gop senate as well, i think we could expect some degree of permitting reform next year i think that's also going to come through a lot of oversight. what i'm hearing from republican contacts is there's going to be a lot of hearings on everything from why was the ke

exxon's profits were $18.7 billion, nearly triple what exxon made last year.ntire history. and in the last six months, while the rest of the country is going through hell, six of the large oil companies made more than $100 billion in profit. in less than 200 days. it is outrageous. these companies are taking the average profits they have been making by refining oil over the last 20 years. the price of gas would be down another $.50. instead, they are buying back their own stock because that is how ceos get paid. they are giving profits to shareholders. yesterday i made it clear that industry has a choice. either began to invest in america, or paying higher taxes. [applause] in face of the restrictions. -- and face other restrictions. it is amazing. the last week's gdp report came out. it shows the economy is in fact growing and it grew two point 6% last quarter and although it may not feel that way, people's incomes went up last quarter. economic growth is up. real incomes are up and gas prices are down. but here's the most important thing to me. exports, but

the actual sector is double the performance of the equally which is to say, yes, it's things like exxonn that have done so well. but they seem a little stretched. >> 25 cookies or 25 drinks, that really puts it into perspective. up next, the final call. good luck. td ameritrade, this is anna. hi anna, this position is all over the place, help! hey professor, subscriptions are down but that's only an estimated 15% of their valuation. do you think the market is overreacting? how'd you know that? the company profile tool, in thinkorswim®. yes, i love you!! please ignore that. td ameritrade. award-winning customer service that has your back. >>> time for the final call. carter. >> five gdx, sell spy. >> brian. >> >> mike. >> happy birthday by gdx. >> thank you. that does it for here on "options action." see you here at 5:30 for more "options action." don't go anywhere, "mad money" with jim cramer starts right now. - tis a paid program for joint food with tamasteen, brought to you by nordic healthy living, a proud sponsor of the arthritis national research foundation. these statements have n

exxon almost tripled its profit. exxon made nearly $19 billion last quarter along. fill up a full size suv. so that means during that time exxon made almost $300,000 and big oil -- >> that's astonishing. >> and rewarding shareholders with buybacks and dividends. this is a boom to bust industry. they lost billions in 2020 when oil prices went negative and some companies didn't even survive. now they're minting money and the president is arguing that they're not investing enough in new supply to try to bring down prices and to some extent he's got a point because even though profits and prices are -- have fully recovered from covid, as you can see on that chart u.s. oil production has not. they are producing a million barrels less a day than during the peak in 2019. now, the question is how do you fix that? some democrats are pushing this windfall profit tax which would essentially be a surcharge on top of oil company profits and they could return that to consumers in the form of a rebate, not surprisingly the oil industry thinks that's a terrible idea but got some su

i would say be careful about exxon. energy is a difficult business. whatever wasting access, climate activists breathing down your neck, i would say take profits in exxon now. jack: you will take that money and put it in a speculative name. ben: theinterest has been beaten down but hit it slow earlier this year and hasn't gone down much. it is above the 50 day moving average, there's activists involved and this might be the time to go after it. jack: a lot of contrarian pics from barron. check out this week's addition of barron.com and check out barron online. that's all for us. see you next week on "barron's roundtable". you want to "the evening edit" on fox business. that does it for us. what a wonderful week. i really enjoyed this, thanks for watching. >> from the fox studio in new york city, this is "maria bartiromo wall street". >> happy weekend to all and happy veterans day, welcome to the program that analyzes the week that was in helps position you for the week ahead. i am maria bartiromo. americans battling sky high inflation but the presiden

exxon mobile, chevron, overextended, oil, wti crude topped out exactly at the october high almost downink the whole space will roll over. exxon mobil looked like to had a blow-off top what follows blow-off tops craters in price. >> all right up next, "final trade. so, you're 45. that's the perfect age to see some old friends, explore new worlds, and to start screening for colon cancer. yep. with colon cancer rising in adults under 50, the american cancer society recommends starting to screen earlier, at age 45. i'm cologuard, a noninvasive way to screen at home, on your schedule. and i find 92% of colon cancers. i'm for people 45+ at average risk for colon cancer, not high risk. false positive and negative results may occur. ask your provider if cologuard is right for you. s. >>> final trade time julie? >> silk road medical, an innovative company that helps with coronary artery disease it's well-positioned to continue to grow. >> steve >> meta. looks like it bottomed to me i think it trades up 15% quickly. >> karen >> yes, talking about home builders and have they bottomed, and so in t

but if we're an exxon and chevron already said, example, this is a will take some of it that would put a deep investment make even higher just for new york stock, very much so on the ballot. members is past tense energy position. plot west, the gin is america most co condensed and has filing by and when it to the green red sion. but could that change virginia long been one of the strong whole u. s. fast. well, industry, mining music and all about the ways of comb. here, i mean, mike, but i really minor is a will fossil fuel there in america? play doh under. we got natural gas away within vegas and there's vegan is climate, the key upcoming elections. philosophy. bless a big it always it. if they want, like i thing, right? transition thing even what nicole can, right. i'll all right. energies come and cover last 11 percent states. net. the city generate but junior govern justice that this is a fir into a green me howard. so finer, moving for in former comb, dozens of which will replace band and quit meant or also medicine. so those intellect, all buses, plants not as happy change. jason

you have to have some exposure to energy, and that energy play is the big players it's exxon, chevron, their gas prices will probably ease a little bit because of more production but the reality is they still have great yields they still have good value and that's going to continue >> do we have a strategic chocolate reserve? if we do, we might want to release it somebody called willy wonka because as bob pisani has pointed out many times, hershey is crushing it big chocolate, don't get in their way, they'll melt you. >> we need halloween that helps out sales a sweet for everybody there. the reality is they have been executing. they have done a fantastic job on their expenses and managing that, but also on their sales, and so as we go into a recession, as we look at these volatility in the markets, candy is more addicting than cocaine let's just face it, and the reality is we can't get rid of it we need to have it hershey is a great play. this is a really good thing. not just that. let's look at it low risk, the volatility on h hershey alone is worth the investment we really like it.

great. >> some of the names we didn't get to >> how about that exxon. >> i don't know that play.ith robert morris? >> oh, he was excellent. >> guess what i saw him in >> what, you saw him in that he was great >> i tried to emulate him for years. >> i mention it because if you missed it, our special, our great documentary on exxon is going to be airing tonight on cnbc they're releeasing it from peacock jail, coming back out of the paywall on free tv >> the only thing i care about is that the doc keeps running. and that's where i come down >> it does it has performed quite well since it first aired >> you can talk about your special at 7:00 all you want >> okay. >> i'm telling people to buy exxon. not off your special, which is wet. >> 7:00 tonight. >> okay. >> carvana, jim, that's a fresh five-year low here >> well, when you read the conference call, it was another long knives situation. i mean, people are talking about, do they need more financing? but the company itself said -- there was a line on it which just said, cars ended the quarter at their most unaffordable point ever.

a week for, for credit party, is to be seen one of the word exxon and chef already said, for example, the p. a with texas, end of it. when it is invest, make it even higher for new york stock. it thanks very much. so on the ballot. members, it is an energy position plan. quest for g is a mac, most co and and, and has trailing time 20 to the green mission, but could perhaps change virginia on been one of the strong us fast fuel industry. mining news is all about the ways of we meet might oh good minor is a bon fossil. dear mary o, a cohen. we got natural gas grocery within an inch is vegan. things. climate be a key in the upcoming from election philosophy bothers of if you would always reserve they want a climate, everything or transition, pitching even junior coke. right. oh, all right, but energies and cover. last 7 percent. the state's net to city general. but junior, govern justice, that this is of up into a great domain, how we perceive fire a moving full in her former coal and dozens of balls will reply the abandoned equipment. there are also a smith and some animals and elect sc

but if you take out exxon it's only up 0.6% exxon is 1% of the profits for the s&p in the fourth quarter provides some ammunition. you can clearly see why they're making these points, even though wind fall profits tax will probably not go through. you were mentioning the penguin story, as a recent author, i'm aware of these numbers something that came out of of the penguin trial were book numbers. 60,000 books a year, only 35% of the books are profitable and 4% are the ones that make all the money. 4% of the books make more than 60% of the profits as a guy that just wrote a book, i can tell you it's a difficult process and the book publishing industry makes no economic sense at all from a purely economic perspective. carl, back to you. >> bob, i know you've been watching that deal closely bob pisani jim, what's on tonight >> small companies, eli lilly, kroger and airbnb. >> that's a b lineup >> they call me the booking magician. >> you are a booking magician. >> not a left booking magician. >> i beg to differ. >> those are three big stories. >> i guess i better go to work it's my wife's

shelling could trigger a nuclear disaster. moscow and key of blame each other for the attack. cars, exxon's, president, cassandra omar, took high ev looks set for reelection after voters went to the polls in the central asian country. while ballad counting is still under wayne, a state media exit polls shows him whitting 82 percent of the vote. the snap election came months after took high have violently suppressed unprecedented protest to the united states. now where police in the state of colorado said, 5 people were killed and 18 others wounded in a shooting. at an algebra, tick united club in colorado springs club goers font and stopped the suspected gunman who's now in police custody. it was over in a matter of seconds. police were alerted just before midnight, a shooting at club q. the 1st officer arrived in the area at 12 am, and the suspect was detained and subsequently taken into custody at 12 o 2. but by then 4 people were already did. a 5th would die later at a hospital. police believe the 22 year old suspect entered the l g b t q nightclub and just started shooting with what the

is up 85 year to date, so exxon or chevron?'s catchup. warren buffett and berkshire, there are institutional investors, and let's remember, they own a lot of private businesses and that's the diversification element. >> and a lot of cash, too. >> true. and so for the viewer at home that doesn't have that advantage, they need the diversification. i think the holdings he has are more representative of what the holdings are going to be as we move forward, where you will see the rewards. i think it's traditional there's no extreme valuations in any of those names you don't see emerging software and the hope and dreams stocks, and i think that's exactly the type of holding that the viewer wants to have going forward. these are all quality names and we have emphasized owning quality. >> he can't own those. he needs liquidity and get a big position >> doesn't he have a position in snowflake? >> yeah, but that came out of the private. >> i understand that, but, i mean, i think to our knowledge he still owns a stake, doesn't he he has s

on to exxon. it will be a better and better run and has an environmental group. people actually like care about the environment on the board, i twl l actually like that that's the way you get an oil company to go up is have it do the right thing with the environment. let's go to carl in washington, carl >> caller: yes, jim, thanks for having me on my question is twlo. didn't evolve during the pandemic but since struggled i want to know your thoughts. >> here is the problem with twilio the company doesn't make money on cramer's "mad money" we're reluctant to recommend any stock that doesn't make money and this seems to be adapt at losing money and that's not a skill i care for at this stage in the cycle. let's go tony in michigan, tony? >> caller: jim, thank you for taking my call this evening. >> not a problem. >> caller: my question is about mastercard i've owned it since its 2006 ipo. it has done very well for me and i have some dry powder and i was wondering if i should put it back into masterc

a half dozen cards including shell and exxon mobile and macy's bumped up their interest rates. >>> we are going to the moon for the first time in a while and innovative tech is moving us forward. >>> to break it all down, brian cooley, editor at large, is joining us. so good to see you. >> let's start off with the auto industry. emergency brake asking cutting the number of front to rear crashes in half. so is this the secret to figuring out automatic driving systems? >> this is a big one. it is a car that will use forward sensors to say there is a large object. it will warn you and then use its own brakes. the big headline says it can reduce rear end collisions by 53% and reduce the ones that involve serious injury by about 42%. that is a seismic change in the number of serious accidents. older cars, of course, don't have it. >> that is really interesting. so people moving on to iphone, people who own an iphone 14 can contact 911 via satellite. can you tell us how that works? >> this is not a satellite phone like you see that explorers use. this is a basic ability, if you are in troub

taking that money and capital, the ceo of exxon reminded that it goes back into dividends, pension fundsbut the rhetoric is quite divisive and unhelpful. >> one could say the dividend in your 401(k), but big oil will use that narrative. windfall tax, we will not invest, we will delay our capex. you have run bp. how constrained can capex really be on the back of a one-off or twice off windfall tax? >> it depends on the kind of tax. there was one in the early 1980's that went on for years and it did curtail investment. companies have a capital budget based on their earnings, supply of cash flow. of course they will right size the amount that goes into capital versus dividends versus big investments. it will reduce it somewhat. this is at a time when the oil and gas companies are really turning into energy companies, investing in renewables and all kinds of things which have a lower rate of return right now than oil and gas. that is probably the one that might suffer. it seems counter to but we are trying to do with energy transfer. kriti: when it comes to the federal reserve, consensus is

s. rival, chevron, and exxon mobil have reported earnings in the range of $70000000000.00. so far this year, the made around $25000000000.00 at $21.00. the man accused of attacking the husband of us house speaker, nancy pelosi has been charged with attempted murder, burglary, and assault. david depart will appear in court on tuesday pool pillows. he was beaten with a hammer inside the couple's home on friday. the h 2 year old is recovering from surgery. search and rescue teams in the philippines are still looking for bodies. after tropical storm and algae hit, the country least a 101 people have died. more than half the fatalities were from flash floods and nan slides dozens are still missing. around 2000000 people have been affected with 800000 displaced. not police of arrested 9 people after pedestrian bridge collapse and western india least a 141 people died and the structure came apart on sunday, just days after renovations were completed. all 9 of those arrested and linked to the company that maintain the bridge. there. being investigated for comparable homicide suppor

i think they will go down and i don't like -- i like exxon everyone knows i'd like then around 16 butt come down that's way too high. let's go to anita in iowa, anita? >>. >> caller: fallujah, holding or selling? >> they have good technology hold on to that and i'll ask my friend and colleague ben to do more work with me on that. well, come on, that's it we're just getting started how about don in my home state of new jersey, done? c >> caller: hey, fellow graduate of yours. >> go spartans >> caller: jim, i want your opinion on energy transfer e.t. >> can't fight the tape anymore. energy transfer kelsey warner managed it and the stock is going higher nice yield i do like the pipeline companies very much. e.t. is a win. let's go to trent in florida, trent? >> caller: trent here. first-time caller from clearwater, florida, home of the spring training philadelphia phillies. >> let's get them. what's going on? >> caller: i have a lot of respect for the ceo. the stock is tell. >> the ceo is not shareef. shareef is the chairman and call option on natural gas and that, ladies and gentlemen i

. -- and we just talked about energy it's going to be hard pressed to get exxon's earnings estimatesit's already pricing in something in the $60, $70 range for oil and there's a much better case that the price of oil is 90 to 100 so the up side is really there in exxon but it's also true in a lot of these retailers who have been laying here dependent on recession to keep their prices down and people keep showing up at their stores and clicking on their products i mean, the reality of the companies like ulta beauty is pretty powerful. and we've gotten macy's, dick's, best buy, home depot have all told you things that a cautious management wouldn't be telling you today if we were in the verge of having a hard recession. these guys all came out and said consumer's better than you think. and i would argue those are names that you're going to actually not see earnings weakness on but actually earnings surprise over the next nine months. >> if the consumer stays relatively strong, do we avoid a recession? >> you know, we could have a statistical one, tyler down a percent or two. i honestly

exxon, chevron holding key levels even though you have seen some volatility recently, even though thetill think the stocks are a reasonably good place to be >> i don't and i think that spread is going to resolve itself by maybe crude going lower to sustain put and the energy stocks coming in. >> you were on grasso on his call >> i missed his call but i will tell you i think it's a very crowded trade and i think technically it's in a tough spot and i think we're likely to see some people kind of find different places to put their money in 2023. >> coming up, yahoo's 30-year deal and the software stocks surging on the partnership the ceo will join us next to break down the digital ad space. don't go anywhere. "fast money" is back in two. [drone speaking] technology lets drones deliver pizza. no,no,no! have a nice day. but to deliver powerful insights that are on target you need more than technology. you need cdw. we can help transform and manage your it environment with a dell technology solution, so you can use your data to innovate. wooh pizza is here! i'm still gonna eat it. me too.

. >> hopefully the places that we have been telling people to be for quite sometime between exxon andphillips and chef ron making -- and karen's oih up more than 50% in over a month. the disciplined thing to do is take money off the table i don't think that is the right thing to do to this environment. i think there is a next leg higher that nobody sees coming >> guy, saying caution to the wind when it come to this trade. >> and he said a lot of things and a lot of them made sense. >> you sound surprised. >> no. guy, don't let them drive a wedge between us we have a great thing going here so you mentioned refiners and then repeated them again and reading his research report, they're the big winners here and i this you probably continue to stick with those names. i think karen has done a great job with oih and you want to move up the spectrum and be right there with the emp names i still think those have a bit to run ultimately the energy complex is where earnings revisions still have room to run to the upside regardless of the partisan outcome and i think that is the only sector that

oil majors like exxon, chevron, shell, petro china have all report a year over year earning growth of 80 to 250 percent. and the other big winner here, our shipping transports and container carriers. these guys in the 3rd quarter of 2021 reported an average operating profit margin of over 56 percent up from just 3.7 just 2 years earlier. so the logistics industry is currently experiencing the highest constant peak increase cost. and with the ongoing conflict with ukraine and rising oil prices, the price of bunker fuel is expected to search, possibly driving up freight rates again in the coming months. and the meanwhile, the biggest loser is unfortunately are the citizens of these countries, such as germany and belgium, who are now turning to wood as a heating source. this winter as gas applies, remain tight. but unfortunately, the price of firewood has now risen from $40.00 euro's and 2021 to around a 150 year olds and thumb region. so why does that leave us? where will we be 3 to 4 months from now? i really don't see any resolution here, as i think the oil market will continue to rem

oil majors like exxon, chevron, shell, petro china have all report a year over year earning growth of 80 to 250 percent. and the other big winner here, our shipping transport and container carriers. these guys in the 3rd quarter of 2021 reported an average operating profit margin of over 56 percent up from just 3.7 just 2 years earlier. so the logistics industry is currently experiencing the highest cost in peak in increased cost and with the ongoing conflict with ukraine and rising oil prices. the price of bunker fuel is expected to search, possibly driving up freight rates again in the coming month. and the meanwhile, the biggest losers, unfortunately, are the citizens of these countries, such as germany and belgium, who are now turning to wood as a heating source. this winter, as gas applies, remain tight. but unfortunately, the price of firewood has now risen from $40.00 euros and 2021 to around a 150 year olds and some region. so where does that leave us? where will we be 3 to 4 months from now? i really don't see any resolution here, so i think the oil market will continue to re

addition, the public companies or those companies that are owned by shareholders like the shell and exxon and chevron, have seen shareholders pressing them out for 2 things. first of all, more environmentally conscious investing in the business. and secondly, not as much investment in increasing production, but with profits to go ahead and return those profits to shareholders in the form of dividends or stock by backs. so we haven't seen production go up, but yet, consumption worldwide has continued to go up. you layer on top of that now the environmental concerns world wide where governments are essential, paying either businesses or consumers to go ahead and either produce respectively or consume more green energy, solar, wind, hydro power, and so forth, rather than fossil fuel related energy sources. and so therefore, you now have a real perfect storm. and so when we do, we being the world run out of energy availability, certainly from higher costing resources like environmentally friendly, wind and solar and so forth. the reversion back is going to be to dirtier and even in the case o

this going into this year and things have normalized greatly and if we look back at 200, chevron, exxonl of them did the rational thing and cut production. they cut capital capital, and now they're -- capital expenditures, and now they're reaping awards of that kind of austerity and it is controversial. the biden administration called it war profit earring, and i don't think any of them want to send the economy in deep recession but we're feeling the crisis at every turn. >> and one of the oil companies, we said in a headline the other day, record profits once again. >> an embarrassment of riches. exxon boebl earned $20 billion that quarter, no one was calling for their bailout back when they couldn't give away oil two years ago. i'm not here to apologize but you live by the spot price and die by the spot price and the dividend, what is annoying people is they are paying out extraordinary dichds and signing off on share buybacks when they should be upping production and looking forward to a carbon restrained green future and it seems like they don't want to walk and chew gum at the same

holiday makers and vilios even how safety you feel as if you me to ties the title completely south of exxon. i didn't even think that we will be traveling to some dangerous area or something like that, you know, the alias it's, it's you up. so if ever sucking up her ear, i think europe kendra ricks, jamante because of the situation ukraine weakened, give it a 2nd, thought it decided it was all the more recent again crashed. hardly any other country has condemned the warrant ukraine as vehemently as lithuania. they've taken a firm stand in a way that is as creative as it is. clear. solidarity is huge in lithuania, both among the general population and the politicians. the street where the russian embassy is located has been renamed street of ukrainian heroes. the war in ukraine and a tense atmosphere can be felt everywhere in the country. one business that is benefiting from this fear and seen sailed skyrocket is the oxalis arms dealership a call to the owner demand increased tenfold. in the 1st month after the war began . this is for self defense for home defense. yes. i mean why you're so

: set up on the fly, but the city councilman says climate change is making those kinds of events a exxonnd every community needs permanent refuge centers for those times when the power goes out. >> we have to make sure we have places in oakland, the east bay throughout the entire state to be ready to help those people. >> reporter: that is exactly what they would have in mind. >> this is what they should do to come off the grid. >> reporter: in oakland john ramos kpix 5. >>> that'll do it for us at 5:00. cbs news bay area with juliette goodrich starts right now. >>> thank you so much liz and ryan. a push for change for california's prison. our special series of breaking the cycle looks at a more human approach for life behind bars and how it could be a game changer for inmates once they get out. >> it is something i thought was simple that turned into being the worst mistake of my life. >> reporter: the prisoners that are facing the worst moments of their childhood. >> we'll dive into your past right now. and what happens to you. >> we go behind the walls of the prison that will house so