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...
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.
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.
huge industry numbers scale
Our numbers are huge because the scale of our industry is huge,
america assets complement example line minimal north production south strengths technology west
In the exploration and production area, for example, Mobil's and Exxon's respective strengths in West Africa, the Caspian region, Russia, South America and North America line up well, with minimal overlap, ... Our respective deepwater assets and deepwater technology also complement each other well.
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.
address broad business economic fully gain impact order success tools
In order to gain the tools to fully address the broad impact of business on society, economic success is indispensable.
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,
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.
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.