, not just the permian basin but the delaware basin in the permian basin that's the rhest deposits of oil in our country. this is a tool for fish and wildlife to go implement the biden administration none of the above energy policy except they're hand picked energy policies and it's another attack on low-cost energy for the american taxpayers, it's an attack on jobs in america. and at the same time it's weakening our national security, it's making us more dependent on countries like opec, on member countries of opec, on russia, on opec plus like venezuela. all because we're -- this administration is using every tool in the tool pouch to stop oil and gas and low-cost energy, safe energy production, on u.s. lands and waters. we just had a hearing this morning in the natural resources committee about how bone has delayed the five-year plan in the gulf of mexico and the earliest we could get a new one in the gulf of mexico is 2026. that's the result of the biden administration energy policy. the e.s.a. should be about protecting endangered species, restoring habitat for endangered spec

here's what mike told "squawk on the street" about chevron's investment in the permian basin. >> it is and it's the largest single destination for investment and we produced more out of the permian basin in the last quarter than we ever have and it's up 10% over the same quarter last year and over 770,000 barrels per day and our rfmns san track and we'll grow this by the middle of this decade. ♪ ♪ ♪ >>> a good day for the dow welcome back to "the exchange," everybody. i'm tyler mathisen with your cnbc news update israelis are protesting the passage of a bill imwellitying the power of the country's judicial system. police using water canon to disperse protesters and those that chained themselves out parliament the bank is letting workers protest with pay and some are going on strike there. >> unilever will comply with legislation that can see its employees on russia conscripted into the war in ukraine. in a letter published sunday, unilever's business operations and supply chain officers said the company would always comply with all of the laws of the countries we operate in. the consum

in the permian basin for chevron.on they are up, oil is up $80 a barrel today so if it keeps going in that direction might be better fortune for the oil company, not so much for the consumer. squeak green, the sabbath people taking a hit this one, what went wrong. lauren: they are unprofitable. where's the money? revenue is also light. it's not all negative. they opened more restaurants, still popular and ingredient costs are coming down. not sure that means their prices are coming down but that will help them. dave: i don't use roku. do you? they reported a loss. they have a huge again this morning. explain explained it to me. lauren: we had intel but roku is up 14%. they are losing money but not as much. they are projecting strong revenue, 6 brokerages increase their price targets on this stock so 78 now. jpmorgan stocks going to 95 which would be a 40% gain. dave: do you like that? lauren: different from services. dave: check the big board, three losers on the dow, up 172 on the dow, half a percentage point gain fo

starts to feel, quote, any real pain chevron's results were helped by record production in the permian basin and they returned $7.2 billion to shareholders during the quarter. as part of the $70 billion buy back this year which drew ire from the white house wirth telling me chevron is in contact with the administration but that prices coming down has, quote, taken a little bit of pressure off of everybody. chevron also said its cfo will retire next march and announced it will waive the mandatory retirement age, mike, for ceo mike wirth. >> pippa, wall street not loving the group of energy stocks it's one of three sectors that are in the red this year. >> that's right, frank i think generalist investors have seemed to flee the space after energy outperformed for the last two years mike wirth told me he thinks investors are on the sideline until the new found capital discipline is confirmed over a longer period of time while also pointing to some investor concern around esg issues. he said they have a strong cash flow profile and attracts shareholders over time you're going to find investors a

obviously record production in the permian basin, why aren't you there?t through the joe t. which i own i've been buying more freeport to me it's the same body play except for freeport and i don't have to worry about opec or opec plus i don't have to worry about as much of a speculative driven market so you never know what the real price of oil is on the supply and demand because speculators are in there they just control the market with copper , i've got the tailwind and another way to play china driving more liquidity into the system. it's the ev play that's how i play the commodities through freeport >> freeport is up 4% and leading the way. halliburton leading the charge in that sector and of course, we have exxonmobil reporting later this week. final trades are coming up next on qw"halftime. i needed something to help me gain clarity. so i was in the pharmacy and i saw a display of prevagen and i asked the pharmacist about it. i started taking prevagen and i noticed that i had more cognitive clarity. memory is better. it's been about two years now an

we produced more oil out of the permian basin in the last quarter than we ever have in our history.ver the same quarter last year, over 770,000 barrels a day. our well performance is on track. we're going to glow this to over a million barrels a day by the end of this decade we're continuing to find capital efficiency and ways to get more done for every dollar that we spend. so, the permian is a tremendous asset for our country and for our company. we have increased our exposure to the dj basin in colorado. the pdc acquisition will add 10% to our worldwide reserve base for just 2% of our shares. it adds a billion dollars in free cash flow at $70 brents and makes us a very strong produce ner colorado, as well as in texas, which is good for our company and good for the country. there are places outside the permian you can expect to see us invest, absolutely, but it doesn't mean that the permian is not still a premier asset. >> to that point, i'm looking at a note here. a development hiatus to address well completion issues saw growth fall to 4% in the first quarter. it's up as much as

a project in kazahkstan that should be coming online and further ramping up production in the permian basinn 800% surge this year. is that about to change? lauren: well, jeffries thinks so. they cut to sell and took the price target, it was at 55, they took it down to 30. they say wall street is simply overlooking risks that are going to come back and rear their head in coming quarters like expenses ramping back up. carvana did a lot to cut costs, that could be changing. so this stock, you said 800, to be exact i think 828% this year. david: unbleaivel. lauren: i know. remember when we wrote them off. >>some. david: whenever you see these huge swings, you've not to wonder -- lauren: yeah. david: all right. wayfair, let's go to wayfair. big pot for the home furnishing company. lauren: this is a stock that more than doubled this year, and they just got an upgrade are if from piper sandler to buy. piper thinks the stock can go up 32% to $95. so the home furnishing industry is apparently stabilizing, and, therefore, wayfair can gain market share. during can covid everybody fixed up their homes,

actually, with new technologies and new explorations, you continually find basin been find the permian basinurns out there's again, and it turns out there's more to be extracted than people ever thought. but let's say that you're that you're right and that there's a finite allowing finite limit. but allowing new contracts allowing new contracts and allowing new licences at least those licences at least puts those facilities on a glide path, which would provide orkney with its financial set up with another income another generation of income from sea rather than from the north sea rather than the cliff edge which keir starmer's policies currently the cliff edge which keir starmer"with. cies currently the cliff edge which keir starmer"with. that'srrently the cliff edge which keir starmer"with. that's whyly the cliff edge which keir starmer"with. that's why places threaten with. that's why places like the orkneys are unlikely to embrace the labour position, notwithstanding the fact the snp is less popular now north of the border. it's not just the fact that 200,000 jobs invested that 200,000 jo

. >> our hr to we passed earlier this year part of that was citing for pipelines from the permian basin parts of the world where gas is consumed. the wind blows a lot in parts of the world where fewpeople live . we experienced in the district i represent north of the dfw airport the competitive renewable energy owns governor perry created for west texas to bring that energy east to dallas fort worth but they had to put the transmission lines through somewhere and that's the backyards of people in my district so i heard about it at the metime but the same is true for natural gas because there's gas produced in the permian that cannot be immediately used unfortunately. some is vented. some is flared but at the same time that is product needs to go to the large metropolitan areas to the east or to the terminals where it can be liquefied and shipped offshore. so i appreciate your comments along those lines. this does take all whole of government approach. mister walker talked about on the transformers and the lack of transformers, are there similar problems with your inverters professor sto

a church we passed earlier this year that was fighting for pipelines for natural gas from the permian basin parts of the world with a ghastly consume, you reference the wind blows a lot in parts of the world where fewm people live we experienced in the district i represent just north of dfw airport competitive renewal energy zones to governor perry had created from west texas to bring the energy east to dallas-fort worth but failed to put the transmission lines through some work in the summer was affecting the people by district or i heard a lot about at the time but the same is true of natural gas because there's a lot of natural gas that is produced in the permian. they cannot be immediately used unfortunately some is flared. we need to and that but at the same time that his product that needs to go either to the large metropolitan areas of the east or to the terminals where it could be liquefied and shipped offshore. i really appreciate your comments along those lines and your right this does take a whole of government approach. now, mr. walker talked about the transformers and the lack