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. |
Our earnings in the third quarter reflect the impact of the relatively volatile industry environment on commodity prices and industry margins. |
Our movie also received offers from French, British and Japanese distribution companies. |
Our numbers are huge because the scale of our industry is huge, |
Petroleum company earnings go up and down, |
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. |
That energy legislation is zero in terms of how it affects Exxon Mobil. |
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. |
The low-cost long-haul model has numerous advantages. |
The price [of oil] is set on the world market by willing buyers and sellers, |
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. |
The rise in capital spending that we anticipate through 2005 means that production will increase at an even higher rate, |
There are no quick fixes and there are no short-term solutions, |
This year's second-quarter results benefited from higher liquids production, increased petroleum product and chemical sales volumes, and improved downstream margins. |
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. |