The chapter delves into Exxon's acquisition deal with Pioneer in the Permian Basin, Shell's profitable ventures, and the industry's focus on rewarding shareholders. It also examines the tensions between profit-driven strategies and shareholder desires for reduced carbon emissions, alongside the financial differences between companies like Conoco Phillips and Shell.
We’re talking big moves and Big Oil as earnings season continues.
At (00:21) Jason Hall and Deidre Woollard break down Peloton’s CEO shift and Big Oil’s big profits.
At (16:40) Tom Chivers, author of Everything Is Predictable, explains how the Bayesian theorem underlies much of modern life and investing.
Companies discussed: PTON, SHEL, XOM, COP
Host: Deidre Woollard
Guests: Jason Hall, Tom Chivers
Producer: Ricky Mulvey, Chace Przylepa
Engineers: Dan Boyd
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