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...
asian crude driven mild oil prices surplus winter
Crude oil prices weakened in the quarter, driven by the slowdown in Asian economies, mild winter weather, and a surplus of crude oil supplies,
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.
commodity earnings environment impact industry prices quarter reflect relatively third volatile
Our earnings in the third quarter reflect the impact of the relatively volatile industry environment on commodity prices and industry margins.
adverse commodity economic environment price produced results solid
Exxon Mobil produced solid results in an adverse economic and commodity price environment,
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.
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,
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.
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.
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.
lean mean outsource
We'll keep a very lean and mean organization, and we'll outsource everything we can.
either retire soon
You either retire or die, and I'd just as soon not die.
anticipate capital higher increase means production rise spending
The rise in capital spending that we anticipate through 2005 means that production will increase at an even higher rate,
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.
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.