Mark Boudreaux
Mark Boudreaux
allow both durable ensure fields gas necessary oil produce project terms viable
For a gas project to be viable it is necessary for the fields that produce both oil and gas to be viable. For this reason, we must ensure that terms impacting both oil and gas are predictable and durable to allow the project to advance.
criticism critics-and-criticism dealing gas invest oil projects provide supplies
Its unfortunate that we are dealing with this criticism of our industry. We are doing our part to invest in new oil and gas projects to provide supplies to our customers.
caused harms prince sound spill time william
Prince William Sound is healthy. It's robust. It's thriving. There are no unanticipated harms that were caused by the spill that would not have been anticipated at the time of the (lawsuit) settlement.
actual believe damages
We have compensated in actual damages. This is about punitive damages. We don't believe punitive damages are warranted.
amount billion compensate damages debt excess found holland judge jury necessary ordered represent russell
The $4.5 billion punitive damages ordered by Judge H. Russell Holland is not a debt that is owed. Rather, they represent a windfall well in excess of the amount the jury found necessary to compensate the plaintiffs for their losses.
explaining industry issues job needed realized
We take these issues very seriously. We realized that we needed to do a better job of explaining how the industry works.
consumers gasoline help high makers paying prices sympathize trying understand
We sympathize with consumers paying high gasoline prices. We are trying to help public-policy makers understand what makes prices high.
asked business days four frame given hearing short time work
We were given an unrealistic time frame in which to participate. Exxon Mobil was asked to participate in this hearing with four business days notice. ... We could not make participation work with such short notice.
accident believe damages related tragic
We believe that all of the damages related to this tragic accident have been paid.
consumers focusing general pay prices public sensitive supply
We are sensitive to the prices that the general public consumers have to pay at the pump. What we're doing is focusing on what we can do to try and get more supply on the market.
bad tried
It was a bad idea back in the '80s, and it's a bad idea today. It's something that's been tried and failed.
accident deeply tragic
It was a tragic accident that Exxon Mobil deeply regrets.
capital increasing percent
We are increasing our capital expenditures by 41 percent this year, as part of a long-term plan.
crude oil percent production
As big as we are, we are only 3 percent of the crude oil production in the world.