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Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods: We're going to see record high oil demand this yearExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and more.
Persons: Darren Woods Organizations: Exxon Mobil
Profits for global oil majors have dropped by about half from a bumper 2022, when Russia's invasion of Ukraine sent oil and gas prices soaring. Excluding last year's record second quarter, however, Exxon posted its strongest result for the April-to-June quarter in more than a decade, the largest U.S. oil company said, helped by cost cuts and the sale of less profitable assets. "You would have to go back to the second quarter of 2011 to find the last time we produced this level of earnings in the second quarter" excluding last year, she said. "Exxon results came in slightly weaker than expected across earnings and cash flow," RBC analyst Biraj Borkhataria wrote in a note. It distributed about $8 billion in cash to shareholders in the second quarter, including about $3.7 billion in dividends.
Persons: Kathryn Mikells, Biraj Borkhataria, Darren Woods, Woods, Mikells, Sabrina Valle, Sonali Paul, Jason Neely, Marguerita Choy Organizations: Exxon, Reuters, RBC, Chevron, Brent, Reuters Graphics Reuters, Thomson Locations: Ukraine, U.S, Guyana
Watch CNBC’s full interview with Exxon Mobil CEO Darren Woods
  + stars: | 2023-07-28 | by ( ) www.cnbc.com   time to read: 1 min
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailWatch CNBC’s full interview with Exxon Mobil CEO Darren WoodsExxon Mobil chairman and CEO Darren Woods joins 'Squawk Box' to discuss the company's quarterly earnings results, which posted an earnings miss but a beat on revenue, rest of the year outlook, and more.
Persons: Darren Woods Organizations: Exxon Mobil, Mobil
LONDON/MADRID, July 26 (Reuters) - Spain's Santander (SAN.MC) is planning to hire around 150 bankers primarily in the United States as part of its plans to accelerate growth in its investment banking business, three sources with knowledge of the matter said. Santander's global corporate and investment banking chief, Jose M. Linares, discussed the plans in a town hall held in New York last week, the sources said. So far, the bank has hired more than 20 senior investment bankers chiefly in the United States, Reuters has reported. Net profit at the bank's global corporate and investment bank rose 16% year-on-year in the second quarter to 899 million euros. Santander employs currently around 8,000 staff at its global corporate and investment bank.
Persons: Jose M, Linares, Ana Botin, David Hermer, Marco Antonio Achon, Corporate Finance Darren Jones, Steven Geller, Jones, Hector Grisi, Grisi, Jesús Aguado, Andres Gonzalez, Elisa Martinuzzi, David Evans Organizations: Spain's Santander, Credit Suisse, Reuters, Banking, Corporate Finance, Linares, Global, Santander, U.S ., Thomson Locations: MADRID, United States, New York, U.S, Spanish, Mexico, Europe, Latin America, Santander, America
July 26 (Reuters) - Mastercard (MA.N) has told financial institutions to stop allowing marijuana transactions on its debit cards, dealing a blow to an industry already on the fringes of the financial system in the United States. Most banks in the country do not service cannabis companies as marijuana remains illegal at the federal level despite several states legalizing its medicinal and recreational use. "The federal government considers cannabis sales illegal, so these purchases are not allowed on our systems," the spokesperson added. Sunburn Cannabis CEO Brady Cobb said in a statement that "this move is another blow to the state-legal cannabis industry and patients/consumers who want to access this budding category." The SAFE Banking Act is a crucial legislation that would make it easier for the cannabis industry to access banking services.
Persons: Brady Cobb, Darren Weiss, John Cornyn, Chuck Schumer's, Niket Nishant, Arun Koyyur, Krishna Chandra Eluri Organizations: Mastercard, Republican, Bloomberg News, Thomson Locations: United States, Washington, Bengaluru
Women’s World Cup: Italy Starts a 16-Year-Old, and Germany Leans on Its Experience Italy’s Giulia Dragoni became one of the youngest players ever to appear in the tournament. Credit... Hannah Mckay/Reuters Morocco’s presence at the Women’s World Cup already has yielded a string of notable moments. Italy vs. Argentina Italy reached the quarterfinals of the last World Cup, a solid result after a 20-year absence from the tournament. The Brazilian legend is appearing in her sixth World Cup at age 37, and still hoping to capture an ever-elusive title. The South Koreans have made it to the knockout stage once in three previous World Cup appearances, in 2015.
Persons: Giulia Dragoni, Morocco Asanka Brendon Ratnayake, Hannah Mckay, Morocco James Ross, Robert Cianflone, Hamish Blair, Argentina Phil Walter, Abbie Parr, David Rowland, Argentina Buda Mendes, Panama Bienvenido Velasco, Naomi Girma, Julie Ertz, Alyssa Naeher, Andrew Cornaga, Vlatko Andonovski, Ertz, Andonovski, Alana Cook, Girma, ” Girma, Becky Sauerbrunn, Sauerbrunn, ” Andonovski, Nouhaila, Nouhaila Benzina, Prince Ali bin al, Hussein, Benzina, Morocco’s, Reynald Pedros, Ghizlane, Chebbak, “ It’s, , Megan Rapinoe, Quinn, Pedros, Sam Kerr, Australia’s Sam Kerr, Darren England, Kyra Cooney, Kerr, , Sam, ” Cooney, we’re, Sam’s, ZT8aF7puDp — Tracey Holmes, Cooney, Cristiana, Phil Walter, Marta, Pia Sundhage, Milena Bertolini, Little Messi, Chiara Beccari, Italy nabbed, Cristiana Girelli Organizations: Morocco, Reuters, Associated Press, Argentina, Getty, Panama, Group, Argentina Cristiana, Brazil Group, Vietnam, United States, Tokyo Olympics, Portugal, U.S, North, Germany, FIFA, Moroccan, BBC, ., Ireland, United, European Locations: Germany, Morocco, Reuters Germany, Reuters Morocco, Associated Press Italy, Italy, Associated Press Argentina, Reuters Italy, Argentina, Brazil, Panama, Alyssa Naeher ., United States, Ertz, Netherlands, United, Vietnam, Melbourne ., Arab, France, Moroccan, Melbourne, Brisbane, Australia, Nigeria, Colombia, South Korea, Argentina Italy
CNN —Three months’ worth of rain over the course of one day has flooded the Canadian province of Nova Scotia since Friday night, inundating streets, forcing evacuations and leaving at least four people missing – including two children. “We have had biblical proportions of rain over the night and into the day,” Halifax Mayor Mike Savage said Saturday. A man wearing chest waders walks past cars abandoned in floodwaters in a mall parking lot in Halifax, Nova Scotia, on Saturday. Darren Calabrese/The Canadian Press/APNorthern and eastern Nova Scotia are expected to see more rain Saturday night, while the forecast predicts rain in the central, western and southern areas will ease, officials said. “It came fast and it came furious.”Much of central Nova Scotia has seen severe flooding that deluged roads, forced water rescues and left “significant” property damage Saturday, Houston said.
Persons: , Mike Savage, Premier Tim Houston, Houston, ” Houston, Darren Calabrese, , Kelly Ash, Savage, Fiona, Justin Trudeau, ” Trudeau, Nova, Nova Scotians Organizations: CNN, Halifax, Canadian Press, AP, CNN Canadian, CBC, Twitter, Houston, Nova Scotians Locations: Canadian, of Nova Scotia, Halifax, East Hants, West Hants, Lunenburg, Queens, Premier, Halifax , Nova Scotia, Nova Scotia, Houston
Japan wants to get back in the contender conversation after last reaching a World Cup quarterfinal in 2015, and started with a dominant win Saturday against Zambia. England vs. Haiti Aside from the United States, England may be facing the greatest expectations of any team in the tournament. But some of those names are missing from England’s current World Cup roster, after the Euro captain Leah Williamson and the star forward Beth Mead both tore anterior cruciate ligaments. At the 2019 World Cup, the team lost to Italy in the round of 16, a stage it hopes to reach again this year, unlikely as that is. According to their coach, Shui Qingxia, the Chinese are looking at this World Cup as an opportunity to reintroduce themselves to the world stage.
Persons: Alessia Russo, Kethna Louis of, Darren England, aly, ake, ove, C Organizations: Zambia, Haiti, European, Japan, WIN, JAPAN Locations: United States, Vietnam, Japan, England, Kethna Louis of Haiti, Shutterstock Denmark, Denmark, Sweden, Norway, Haiti, Zambia, Japan Japan
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailHow the EPA determines electric vehicle rangeSince the Environmental Protection Agency was founded in 1970, one of its primary tasks has been testing gas burning vehicles - both to see how much they pollute and to tell consumers how many miles per gallon they are liable to get in a car. But since electric vehicles came to market in significant numbers after 2010, the agency has begun shifting toward testing EV range. The trouble is that EV technology is changing…fast. The agency has had decades to refine standards for gas burning cars, and just a few years for EVs. CNBC went inside the EPA's testing lab to find out how they test for EV range.
Organizations: Environmental Protection Agency, EVs, CNBC
Major economies were hit by higher inflation during the Covid-19 pandemic, but India's inflation was already elevated. In June, India's inflation rate was 4.81%, which remains within the Reserve Bank of India's tolerance band of 2% to 6%. There is a paradigm shift and flight of capital from Indian households savings to equity to contribute to the India growth story," Azeez told CNBC's "Squawk Box Asia" last week. "So whichever way one looks at the economic numbers, India appears as an oasis in the global desert," he added. watch nowHowever, Matthew Asia's Mittal said that instead of buying into pharmaceutical companies, upstream companies such as Syngene will be a good investment opportunity.
Persons: Goldman Sachs, Darren Robb, Feroze Azeez, Anand, Azeez, CNBC's, Nifty, it'll, Soumya Rajan, Peeyush Mittal, Nilesh Shah, Shah, Financials, Rajan, Waterfield's Rajan, We've, we've, Hindenburg, Matthews, Mittal, India's, Nestle, Kotak's Shah, Punit Paranjpe, Matthew Asia's Mittal Organizations: Bank, Getty, Wealth, Reserve Bank, Monetary Fund, Waterfield, Matthews Asia, CNBC, Mahindra Asset Management, IDFC, IDFC Ltd, HDFC Bank, Housing Development Finance Corporation, India's HDFC Bank, ICICI Bank, Bajaj Finance, Mahindra Finance, Nestle, World Bank, Nurphoto, Hindustan Unilever, Britannia Industries, Manufacturing Global, Godrej Aerospace, Afp Locations: India, United Kingdom, Japan, Mumbai, China, Nestle India, LuLu, Lulu, Kerala
Older orca mothers may protect their sons from bullying well into adulthood. Orca males carry fewer bite marks if their moms are alive in their old age, a study found. Moms may step in if their sons are in troubleTooth rake marks left behind on a Southern resident killer whale. David Ellifrit, Center for Whale ResearchThis new research, from the Universities of Exeter and York in the UK and the Center for Whale Research in Washington, suggests moms could be going even further for their sons. By protecting their sons, older females may be increasing the pod's chance of passing on its genes, while expending fewer resources.
Persons: Charli Grimes, Michael Weiss, Grimes, David Ellifrit, Darren Croft Organizations: Service, University of Exeter, Southern, for Whale Research, Center, , Research, Exeter University, for, Universities of Exeter, Center for Whale Research Locations: Wall, Silicon, synchrony, Southern, York, Washington
Mickelson, Morikawa miss Open cut, Smith just makes it
  + stars: | 2023-07-21 | by ( Ed Osmond | ) www.reuters.com   time to read: +2 min
[1/3] Golf - The 151st Open Championship - Royal Liverpool, Hoylake, Britain - July 21, 2023 Phil Mickelson of the U.S. at the 1st tee during the second round REUTERS/Phil NobleHOYLAKE, England, July 21 (Reuters) - Americans Phil Mickelson and Collin Morikawa were among former champions to miss the cut in the British Open at Hoylake on Friday. "It was nice," Smith told reporters. Defending is one thing, but just the golf that I feel like I'm playing and to miss out on the weekend would be very frustrating." Fifty-year-old American Stewart Cink, Open champion in 2009, did make the weekend after adding a 73 to his opening 68 to finish at one under alongside 2016 winner Henrik Stenson of Sweden. Two former St Andrews Open champions also advanced on two over par, South African Louis Oosthuizen, winner of the Claret Jug in 2010, and American Zach Johnson who lifted the trophy in 2015.
Persons: Phil Mickelson, Phil Noble HOYLAKE, Collin Morikawa, Cameron Smith, Smith, Brian Harman, Mickelson, Francesco Molinari, Shane Lowry, John Daly, Darren Clarke, Ernie Els, Dustin Johnson, Justin Thomas, Justin Rose, Italian Molinari, Stewart Cink, Henrik Stenson, Sweden, South African Louis Oosthuizen, Zach Johnson, Ed Osmond, Pritha Sarkar Organizations: 151st, Royal, REUTERS, Sandwich, Carnoustie, St Andrews, South, Thomson Locations: Royal Liverpool, Hoylake, Britain, England, British, Australian, Muirfield, South African
What to Watch: The 15 Best New Movies and TV Shows From AprilThis copy is for your personal, non-commercial use only. Distribution and use of this material are governed by our Subscriber Agreement and by copyright law. For non-personal use or to order multiple copies, please contact Dow Jones Reprints at 1-800-843-0008 or visit www.djreprints.com. https://www.wsj.com/articles/the-ballad-of-darren-by-blur-review-reflective-british-rock-547ae7f3
Persons: Dow Jones, darren
Real wages have grown on an annual basis over the last two months for the first time in 26 months. The US also leads the G7 countries in GDP growth and one measure of inflation. Real wages in the US were 5.8% higher in 2022 compared with 2019, followed by Canada at 4.7%. The other G7 countries were all in the negatives for this time period. Other European countries including Spain and Greece have also seen real wages fall, according to the OECD.
Persons: Darren Grant Organizations: Service, US, Organisation for Economic Co, OECD, Sam Houston State University, Federal, Consumers Locations: Wall, Silicon, Canada, Italy, Germany, Spain, Greece
The deal builds out Exxon's plan to develop an emerging market that makes money from reducing its own and others' greenhouse gases. Carbon sequestration is the favored strategy for U.S. oil and gas companies to reduce emissions while continuing to expand oil and gas production. Last year, Exxon struck its first commercial carbon storage deal with top ammonia maker CF Industries. The Denbury deal "reflects our determination to profitably grow our low carbon solutions business," Exxon CEO Darren Woods said in a statement. The all-stock transaction represents a 1.9% premium to Denbury's Tuesday close at 0.84 Exxon shares for each Denbury share.
Persons: Raymond James, Pavel Molchanov, Denbury, Darren Woods, Sabrina Valle, Arathy, Arunima Kumar, Savio D'Souza, Shilpi Majumdar, Conor Humphries Organizations: Denbury, Exxon Mobil Corp, Denbury Inc, Exxon, Linde AG, CF Industries, Carbon Solutions, Thomson Locations: HOUSTON, Plano , Texas, U.S, Texas, Alabama, Houston, Bengaluru
Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailExxon Mobil CEO Darren Woods on $4.9 billion Denbury deal: It allows us to further reduce emissionsExxon Mobil chairman and CEO Darren Woods joins CNBC's Becky Quick from Sun Valley, Idaho to discuss the $4.9 billion acquisition of Denbury, how the Inflation Reduction Act played a role in the deal, and more.
Persons: Darren Woods, Becky Quick Organizations: Exxon Mobil, Mobil, Denbury Locations: Sun Valley , Idaho
Exxon’s carbon-capture deal is pale shade of green
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +2 min
The oil titan’s $4.9 billion all-stock deal for Denbury (DEN.N) unveiled on Thursday provides a financially and strategically judicious way to capture and move carbon dioxide. The $89.75 a share is also lower than where Denbury was trading before Bloomberg reported news of a possible deal in October. Denbury says that 28% of it is “blue oil” that produces negative scope 3 emissions. Showcasing an evolving mindset while helping extract more oil is just the pale green hue that suits Exxon. They do not reflect the views of Reuters News, which, under the Trust Principles, is committed to integrity, independence, and freedom from bias.
Persons: Darren Woods, Denbury, Robert Cyran, Jeffrey Goldfarb, Sharon Lam Organizations: YORK, Reuters, Exxon Mobil, Exxon, Denbury, Bloomberg, Twitter, Thomson
I can stay on court for many hours without suffering," Sinner, who has worked with former Australian player Darren Cahill this summer, told a press conference. "Also mentally, you're going in a slightly different mental side on court knowing you're also a top 10 player. "I have some good things now in my game and hopefully I can use it in the right way." In the semi-finals Sinner will meet holder Novak Djokovic, who fought back from two sets down to outlast the Italian in the quarter-finals last year. He's won 23 Grand Slams.
Persons: Darren Cahill, It's, Novak Djokovic, it's, Sinner, Andrey Rublev, He's, I've, Shrivathsa Sridhar, Ken Ferris Organizations: Wimbledon, Russian, Won, Thomson Locations: Grand, Australia, Paris, Bengaluru
A Meta spokesperson did not specify, when asked, how many staffers had been cut from its teams working on elections. Instead, Meta said the social media giant had invested $16 billion in technology and teams since 2016 to protect its users. For years, the social media giant has invested heavily in teams of personnel to root out sophisticated and coordinated networks of fake accounts. In addition to its in-house team, Meta and other social media companies rely on tips from academics and other researchers who specialize in monitoring covert disinformation networks. The launch of Threads even as Meta trims its disinformation-focused personnel comes at a turbulent and transformative time for those tasked with writing and implementing rules on social media platforms.
Persons: Meta, , , , Darren Linvill, Elon Musk, Katie Harbath, Nick Clegg, ’ ” Harbath Organizations: CNN, Facebook, Meta, Clemson University’s, Sputnik, Elon, Twitter, YouTube, Republican, Biden, GOP, Meta Global Locations: United States, Taiwan, Ukraine, India, Myanmar, Africa, Louisiana
“This year, we are seeing a bit of a delay in the evolution into the monsoon thunderstorm season,” Mr. Frieders said. “And so with that, we ended up seeing temperatures a little bit hotter during the day.”The heat wave now stationed over the desert Southwest — caused by a “heat dome” of high pressure — has also brought sweltering temperatures to parts of Texas and New Mexico. Experts estimate that more than 50 million people across the United States live in the areas expected to have dangerous levels of heat. As Captain Noak spoke on Monday afternoon, the heat index in the city — a measure of how the air feels that takes into account both temperature and humidity — was climbing toward an expected high of 109 degrees. Captain Noak said Austin residents had enjoyed some relief last week, when high temperatures fell short of 100 degrees for several days and the E.M.S.
Persons: ” Mr, Frieders, , Darren Noak, Noak, Captain Noak Organizations: Austin, Medical Services Locations: Texas, New Mexico, United States, Travis, Austin , Texas, Austin
NEW YORK, July 7 (Reuters) - Barclays Plc (BARC.L) has hired Jim Birchenough from Wells Fargo & Co (WFC.N) as its chairman of global healthcare investment banking, a spokesperson for the British bank confirmed, after Reuters reported on the appointment on Friday. Birchenough last served as vice chairman of biopharma investment banking at Wells Fargo. In his new role, Birchenough will also lead Barclays' global biopharma investment banking unit alongside Alexis de Rosnay, who joined the bank last year and is taking on an expanded role in addition to his responsibilities as chairman of global healthcare investment banking. More than two dozen U.S. investment bankers have left Barclays since January when it named two new global co-heads of investment banking. They are Cathal Deasy, former co-head of Credit Suisse Group AG investment banking and capital markets, and Taylor Wright, former co-head of Morgan Stanley (MS.N) global capital markets.
Persons: Jim Birchenough, Birchenough, Wells, Alexis de Rosnay, Darren Campili, Jim, Richard Landgarten, Cathal Deasy, Taylor Wright, Morgan Stanley, David Carnevali, Anirban Sen, Mark Porter, Will Dunham, Richard Chang Organizations: YORK, Barclays Plc, Wells Fargo & Co, Reuters, Barclays, BMO Capital Markets, Lehman Brothers, Wells, Credit Suisse Group, Thomson Locations: Wells, Wells Fargo, San Francisco, New York
CNN —It squats on the Las Vegas skyline like an enormous spaceship, black and mysterious – until night falls, when it will glow like the Earth from space. The MSG Sphere at The Venetian is pictured on March 20, 2023, in Las Vegas. The globe seats almost 18,000 people, sits one long block east of the fabled Las Vegas Strip and will be connected by a pedestrian walkway to the Venetian resort complex. But Sphere’s main draw may be as a venue for live music – especially the marquee residencies for which Vegas is known. An artist's rendering of the audience bowl inside Sphere, with undersea imagery projected on its wraparound LED screen.
Persons: It’s, , Bizuayehu, Rich Claffey, “ I’ve, I’ve, I’m, Darren Aronofsky, They’re, Bono, … ”, you’re, ” Claffey Organizations: CNN, Eiffel, Western, Apple, Las Vegas, Bellagio, Allegiant, Locations: Vegas, Las Vegas, New York City
You Really Are a Tick Magnet
  + stars: | 2023-06-30 | by ( Darren Incorvaia | ) www.nytimes.com   time to read: +1 min
The tiny arachnids spread a variety of harmful diseases, as they expand their range to new areas. But two scientists recently set out on a counterintuitive mission to collect as many bloodsucking ticks as possible. Dr. Lihou is a veterinary parasitologist who studies ticks, and Dr. England is an ecologist who studies electricity and electroreception. The resulting paper, published Friday in the journal Current Biology, provides a new reason to worry about ticks. While the finding may add to ticks’ terrifying attributes, this knowledge could also be used to improve antistatic tick defenses.
Persons: ” Sam England, Katie L, Lihou Organizations: University of Bristol Locations: Berlin, England
Let’s be honest about the painful reality: America has functioned as a full democracy — guaranteeing the franchise to all — for less than one human lifetime. I was born in 1959, into an America rived by apartheid. When I was a child, the adults in my life were technically eligible to vote. However, in the Louisiana and Texas towns where I grew up, they were prevented from doing so by the social and cultural norms of the American South. During the first two decades of my life, the American people finally acknowledged this truth and, to borrow a phrase, acted affirmatively to address it.
Persons: Let’s, affirmatively, John Roberts, Locations: America, Louisiana, Texas, American
The author of a 2011 Oregonian article, Allan Brettman, interviewed Davidson, who also would not say how many shares she was given. The article quotes Knight as having told a 2010 shareholders’ meeting that Davidson was given 500 shares in 1983. Nike stock closed at 25 cents per share on Sept. 15, 1983 (shorturl.at/bgFK4), making the value of 500 shares on that day approximately $125. On June 28, 2023, the closing share price of Nike stock was $113.03 (here), making 32,000 shares worth $3,616,960 on that date. Nike paid designer Carolyn Davidson $35 for its “swoosh” logo, but she was also given a gold ring and shares in the company years later.
Persons: ” Carol Davidson, Darren Rovell, ” Davidson, Bob Woodell, Phil Knight, Davidson, Knight, Allan Brettman, Brettman, Counterkicks, Rovell, , haven’t, Carolyn Davidson, Read Organizations: Nike, , Twitter, YouTube, Oregonian, , New York Stock Exchange, Reuters
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