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,
absolutely although commission federal pleasantly trade
We would be absolutely amazed, although pleasantly surprised, if the Federal Trade Commission said we did not have to rationalize some assets,
chemical higher improved increased petroleum product results sales
This year's second-quarter results benefited from higher liquids production, increased petroleum product and chemical sales volumes, and improved downstream margins.
dirty enormous money number profit question reason sell
The question of how much money we should make -- profit is not a dirty word, ... The reason we make the money we make is, number one, we sell in enormous volume.
either retire soon
You either retire or die, and I'd just as soon not die.
adverse commodity economic environment price produced results solid
Exxon Mobil produced solid results in an adverse economic and commodity price environment,
lean mean outsource
We'll keep a very lean and mean organization, and we'll outsource everything we can.
answer best
New, grass-roots refineries are not necessarily the best answer for the industry,
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.
behind
Let me give you my take on the merger, ... It is essentially behind us.
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.
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,