Market Overview & Trends - Energy sector experienced a significant drop, falling more than 2%, erasing a week's worth of gains [1] - The energy sector now accounts for only 4% of the S&P 500, highlighting its diminished size compared to technology companies like Nvidia [3][5] - OPEC plus is considering another output hike, adding 800,000 barrels per day, with 300,000 barrels from UAE and 547,000 barrels from OPEC plus, contributing to oversupply concerns [2][6] Company Specific Actions & Performance - Kico Phillips announced a workforce reduction of 20% to 25% [1] - Chevron announced a $75 billion stock buyback in January 2023, which ironically coincided with a peak for the sector [4] Geopolitical & Policy Impact - Geopolitical environment should suggest oil trading higher, but demand is not particularly great [6][8] - Potential Trump administration policies could favor energy production, including nuclear, natural gas, and oil ("drill baby drill"), but not wind or solar [7] Investment & Valuation Perspectives - Some believe there are value plays in the energy sector, but growth is challenged [5] - Despite disciplined companies, good balance sheets, and cash flows going back to shareholders, the energy sector has not seen positive traction [14]

Exxon held talks with Russia’s state-controlled oil company about returning to its Sakhalin-1 oil development, the Wall Street Journal reported, citing people familiar with the matter https://t.co/gATQZ4VZuP ...

Breaking: Exxon has held secret talks with Russia’s biggest state energy company about resuming business in the country https://t.co/6onL7L4uiq ...

Venezuela’s Foreign Ministry said it presented a verbal notice to Guyana rejecting the start of operations of Exxon’s ‘One Guyana’ FPSO https://t.co/6weTNf5JEW ...

The head of Exxon has offered an olive branch to his counterpart at Chevron now that their hard-fought battle over Guyana is over https://t.co/bRu6Rmgjc6 ...

We're about 2 minutes away from the end of the trading day. Scarlet Fu and Vonnie Quinn here with you and here to help take you through the closing bell. We've got a global simulcast.Tim Sandvik joins us as well as Israeli lee. We bring together our Bloomberg Television, radio and you tube audiences worldwide as we pass through the most crucial moments of the trading day. And Tim, it doesn't look like a whole lot is going on when you look at the closing numbers here in the S&P 500, little change, but it's b ...

Exxon has benefited from a pyrrhic defeat in its effort to stop Chevron from buying Hess, argues @JavierBlas #OOTT (via @opinion) https://t.co/ck1IGyK9GK ...

Leadership & Governance - Scott Sheffield, Pioneer 的创始人，在 FTC 撤销对其加入 Exxon 美孚禁令后，表示不再有兴趣加入 Exxon 的董事会 [1] Regulatory - 美国联邦贸易委员会 (FTC) 撤销了禁止 Pioneer 创始人加入 Exxon 美孚的命令 [1]

Corporate Reputation & Leadership - Young workers' perception of corporate ethics is highly susceptible to leaders' actions and political associations, even for companies with environmentally positive missions [1] - 68% of young people view Tesla as unethical, while 51% view Exxon unfavorably, highlighting a shift in perception where an electric car company is seen less favorably than a fossil fuel company [1] - Corporate reputation is fragile, and leaders' political leanings can significantly impact how young people view a company [1] Return to Office - 52% of younger workers are in the office every day, and 86% are in the office four days a week [1] - Young workers prefer being in the office more than other age groups due to mentorship opportunities, community building, and career advancement [1] DEI & Workplace Culture - 67% of young workers support keeping some DEI initiatives, but 58% don't want to talk about politics at work [1] - Young workers generally want to work with diverse people but prefer to avoid culture war debates in the workplace [1]

Market Strategy & Investment Philosophy - The market's buoyancy is driven by compelling stories, suggesting a focus on narrative-driven investment decisions [2] - The speaker emphasizes making money as the ultimate goal, rather than focusing on minute details like Federal Reserve movements or new governor appointments [9] - The speaker advocates for focusing on stories that can generate profit, rather than getting bogged down in minor market fluctuations [9] - The speaker highlights the importance of identifying companies with compelling stories as key to making money, rather than focusing on minutiae [27] Sector-Specific Opportunities & Risks - A reduction in tariffs on Vietnamese exports from a proposed 46% to 20% is seen as positive for companies with supply chains in Vietnam, benefiting stocks like Nike (up 4%) [10][12] - Apparel and furniture stocks previously negatively impacted by shifting supply chains from China to Vietnam may see relief from the reduced tariff [12] - Whirlpool could benefit from steel tariffs impacting foreign competitors like LG, Samsung, and Haier [16] - A weaker dollar is expected to benefit companies like Proctor & Gamble by increasing the value of overseas earnings when translated back to US currency [18][19] - Meme stocks like Palantir, Coinbase, and Robinhood are experiencing renewed interest from buyers [19][20] Company Analysis & Recommendations - Etsy is considered to have execution issues, but the speaker believes in the company's core value and recommends holding the stock, suggesting buying more if it returns to previous lows [24] - Capital One, acquired at $170 per share and now at $215, is considered a "gold mine," with the acquisition of Discover expected to bring great things [25][26][27]