During the quarter, our U.S. Gulf Coast operations were significantly impacted by Hurricanes Katrina, Rita and Dennis. Despite these impacts, our overall operating performance for the quarter was good, and we continued to benefit from the strong commodity price environment.
More Quotes from Jim Mulva:
The acquisition of Arco's Alaskan assets represents a significant step in our strategy of growing our exploration and production business, ... We gain a substantial position in the two largest fields in North America, immediately form a new production center and become a major merchant supplier of crude oil to the West Coast.Jim Mulva
I am encouraged that second-quarter operating earnings, although down from year-ago levels, were more than six times higher than in the first quarter,
Jim Mulva
This strategic acquisition completes our foundation for accelerated and sustainable profitable growth. With our balanced portfolio of assets, scale, and financial flexibility, we can deliver the growth and value that our shareholders expect.
Jim Mulva
It certainly could have an impact on the production and refineries that are up and running today and it certainly would have an impact on the recovery,
Jim Mulva
We are building on the success we achieved with the formation of Global Systems and Services at the time of our merger in August 2002, as well as our recent achievements with our Human Resources leveraged service center. Continued consolidation of service groups will enable us to further capitalize on opportunities to capture efficiencies and increase the value they provide to our business units globally.
Jim Mulva
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