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...
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,
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.
along both continued crude declined early earnings gas higher improvement key natural oil quarter reflected second strong third
The improvement in earnings reflected higher U.S. natural gas realizations and refining margins, both of which were very strong early in the second quarter, but declined significantly as the quarter progressed, ... The decline in these key earnings drivers, along with crude oil prices, has continued into the third quarter.
behind
Let me give you my take on the merger, ... It is essentially behind us.
huge industry numbers scale
Our numbers are huge because the scale of our industry is huge,
british japanese offers received
Our movie also received offers from French, British and Japanese distribution companies.
affects energy terms zero
That energy legislation is zero in terms of how it affects Exxon Mobil.
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.
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.
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.
companies economy economy-and-economics profits run
It's profits that make the companies run and make the economy run.
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.