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,
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.
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.
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,
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.
lean mean outsource
We'll keep a very lean and mean organization, and we'll outsource everything we can.
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,
increase kept low minimize price quickly run service time
to minimize the increase in price while at the same time recognizing if we kept the price too low we would quickly run out (of fuel) at the service stations.
quick
There are no quick fixes and there are no short-term solutions,