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...
quick
There are no quick fixes and there are no short-term solutions,
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.
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,
company employees facts incentive oil prices program
When the company does well, the shareholders and employees should do well, and when the company does poorly, then the shareholders and employees should do poorly. The facts are that when prices of oil collapsed, the incentive program went down, substantially.
excited positive prospects
While we were excited about the prospects for Exxon Mobil in 1998, we are even more positive today,
cell help hotel phone
We need help for our cell phone and hotel bills.
clean curb economic energy fossil fuels inventing luxury people social understand water
People who want to curb the use of fossil fuels need to understand that not everyone in the world has the luxury of inventing romanticized scenarios. Many people just need clean water and energy to fuel social and economic progress.
consequences crafted creating earnings globally history including likely market measures negative openly petroleum reception teaches traded volatility
Petroleum earnings go up and down with the volatility in the openly and globally traded commodities in which we deal. ... History teaches us that punitive measures hastily crafted in reception to short-term market manipulations, will likely have unintended negative consequences including creating disincentives for investment.
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.
asset base competitor portfolio putting together
By putting Mobil and Exxon together ... particularly in the upstream, we will have a portfolio that will diversify our asset base so that we can become a better competitor than we are now,
criticize higher shortage trying
I'm not trying to criticize the traders, ... Obviously, the probability of a shortage is higher than it has been in the past.
ability cycle earnings invest less means therefore
If there's an excise tax, what that means is over the cycle we're going to have less earnings than we would have had, and therefore our ability and our willingness to invest is going to diminish.