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...
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.
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,
consequences crafted creating earnings globally history including likely market measures negative openly petroleum reception teaches traded volatility
Petroleum earnings go up and down with the volatility in the openly and globally traded commodities in which we deal. ... History teaches us that punitive measures hastily crafted in reception to short-term market manipulations, will likely have unintended negative consequences including creating disincentives for investment.
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.
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.
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.
carefully ought
I would think that that's something that we ought to look at very, very carefully and see if there can be a constructive role.
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.
excited positive prospects
While we were excited about the prospects for Exxon Mobil in 1998, we are even more positive today,
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.
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.
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We need help for our cell phone and hotel bills.