Jim Mulva Quotes (11 Quotes)

This agreement provides a strong basis for us to invest in our aligned goals for increased reserves and production and in the training and development of our Libyan workforce.

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.

We'd like to think we have pretty aggressive organic growth in the company, both upstream and downstream,

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,

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,

In addition to higher industry oil and gas prices, Phillips continued to benefit from cost reductions and strong operations across all business segments,

We expect first-quarter net operating income to be up 75-85 percent from the same period last year. The expected increase is due primarily to increased production as a result of the company's second-quarter 2000 Alaskan acquisition.

As Americans, we all feel for those who are less fortunate. We want to make sure they get the energy they need. We feel it's not a good precedent for one industry to fund a program as such. We think that's a responsibility of the government.

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.

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.

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.