Big Oil’s Record Profit with ExxonMobil CEO; Tech’s Week of Results 04/28/23

ExxonMobil reported record profits for its latest quarter. CEO Darren Woods discusses oil prices and how his company’s profits complicate its relationship with the White House. After a busy week of tech earnings, Joe Kernen, Becky Quick, and Andrew Ross Sorkin consider the results for tech players including Amazon, Snap, Pinterest, and Intel. Coinbase is firing back at the SEC’s Wells notice, flagging the company’s potential violations of securities law. Plus, Microsoft and Activision Blizzard plan to appeal the UK CMA’s decision to block their merger. Former Facebook General Counsel Chris Kelly explains what this means for the FTC, what the appeals process might look like, and how regulator crackdown on companies could affect the dealmaking ecosystem.

In this episode:

Darren Woods, @exxonmobil

Joe Kernen, @JoeSquawk
Becky Quick, @BeckyQuick

Andrew Ross Sorkin, @andrewrsorkin

Katie Kramer, @Kramer_Katie

Hosted by Simplecast, an AdsWizz company. See pcm.adswizz.com for information about our collection and use of personal data for advertising.