It's profits that make the companies run and make the economy run.
More Quotes from Lee Raymond:
In the exploration and production area, for example, Mobil's and Exxon's respective strengths in West Africa, the Caspian region, Russia, South America and North America line up well, with minimal overlap, ... Our respective deepwater assets and deepwater technology also complement each other well.Lee Raymond
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.
Lee Raymond
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,
Lee Raymond
The low-cost long-haul model has numerous advantages.
Lee Raymond
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.
Lee Raymond
Competition can be viewed in two ways. It can be viewed in a negative light and be seen as destructive, but one can also have the view that it is competition that drives people and institutions to higher and higher levels of excellence and, therefore, to more and more opportunity.
Lee Raymond
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OUR history begins before we are born. We represent the hereditary influences of our race, and our ancestors virtually live in us.
James Nasmyth
The price of justice is eternal publicity.
Arnold Bennett