Lee Raymond
Lee Raymond
Lee R. Raymondis an American businessman, and the chief executive officerand chairman of ExxonMobil from 1999 to 2005. He had previously been the CEO of Exxon since 1993. He joined the company in 1963 and has been president since 1987, and a director since 1984...
american-businessman economic energy industry lifeblood profile view
I view energy as the lifeblood of world economic activity. And as a result, the energy industry has a profile that is particularly acute.
contrast decline earnings improvement income increased net oil percent quarter second
With the improvement in oil prices, second quarter net income increased 18 percent from the first quarter of 1999, in contrast to the seasonal earnings decline that we usually see from the first to the second quarter of each year,
increase kept low minimize price quickly run service time
to minimize the increase in price while at the same time recognizing if we kept the price too low we would quickly run out (of fuel) at the service stations.
add affects energy zero
When you add it all up, that energy legislation is zero on how it affects Exxon Mobil.
add affects energy terms zero
When you add it all up, that energy legislation is zero in terms of how it affects Exxon Mobil.
annual capital cumulative earnings exceeded future high investing last
Over the last 10 years, Exxon Mobil's cumulative capital and exploration expenditures have exceeded our cumulative annual earnings. So, we keep investing in the future when earnings are high as well as when they are low.
asking congress talking
You shouldn't be talking to me. You should be down asking your representatives in Congress how did they let this happen.
asking congress
You should be down asking your representatives in Congress how did they let this happen? They had been told for two years this was going to happen.
acted encouraged pricing retailers service
acted responsibly in pricing at our company-operated service stations, and we also encouraged our independent retailers and distributors to do the same.
above although america early gas levels low marketing natural north oil prices recovery remained seen
Oil prices have remained above first-quarter levels and natural gas prices in North America have also improved, ... Early in the quarter, we have seen some recovery in most refining and marketing margins, although they remain at low levels, particularly in the Asia-Pacific region.
carefully ought
I would think that that's something that we ought to look at very, very carefully and see if there can be a constructive role.
consequences crafted history measures prices response rises teaches
History teaches us that punitive measures hastily crafted in response to short-term rises in prices will have unintended consequences and disincentives to investment,
crafted history likely market negative reaction teaches
History teaches us that punitive measures, hastily crafted in reaction to short-term market fluctuations, will likely have unintended negative consequences.
quick
There are no quick fixes and there are no short-term solutions,