40 ordspråk av Lee Raymond

Lee Raymond

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I'm not trying to criticize the traders, ... Obviously, the probability of a shortage is higher than it has been in the past.

It's profits that make the companies run and make the economy run.

acted responsibly in pricing at our company-operated service stations, and we also encouraged our independent retailers and distributors to do the same.

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.

Our earnings in the third quarter reflect the impact of the relatively volatile industry environment on commodity prices and industry margins.

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.

Exxon Mobil produced solid results in an adverse economic and commodity price environment,

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.

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,

Let me give you my take on the merger, ... It is essentially behind us.

The rise in capital spending that we anticipate through 2005 means that production will increase at an even higher rate,

This year's second-quarter results benefited from higher liquids production, increased petroleum product and chemical sales volumes, and improved downstream margins.

While we were excited about the prospects for Exxon Mobil in 1998, we are even more positive today,

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,

We would be absolutely amazed, although pleasantly surprised, if the Federal Trade Commission said we did not have to rationalize some assets,

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