Lee Raymond Quotes (30 Quotes)

New, grass-roots refineries are not necessarily the best answer for the industry,

You should be down asking your representatives in Congress how did they let this happen They had been told for two years this was going to happen.

You shouldn't be talking to me. You should be down asking your representatives in Congress how did they let this happen.

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.

People who want to curb the use of fossil fuels need to understand that not everyone in the world has the luxury of inventing romanticized scenarios. Many people just need clean water and energy to fuel social and economic progress.

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.

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

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

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

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.

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

In order to gain the tools to fully address the broad impact of business on society, economic success is indispensable.

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.

The competitive instinct is what I think drives organizations and people to become better and better. It can promote change toward progress and development, which is good for everybody. It can be the motivating force behind improvement in our social well-being that is far beyond anything we might have imagined on our own.

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.

In politics time is measured in increments of two, four and six years,

History teaches us that punitive measures hastily crafted in response to short-term rises in prices will have unintended consequences and disincentives to investment,

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.

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.

Our numbers are huge because the scale of our industry is huge,

We need help for our cell phone and hotel bills.

The price of oil is set on the world market by willing buyers and sellers,

The low-cost long-haul model has numerous advantages.

If there's an excise tax, what that means is over the cycle we're going to have less earnings than we would have had, and therefore our ability and our willingness to invest is going to diminish.

It is unfortunate that there are people who say that capitalism is inherently immoral. I do not view it that way at all. I think that capitalism, more than any other system, gives a person the capability, through economic growth and economic development, to provide more opportunity to people.

We'll keep a very lean and mean organization, and we'll outsource everything we can.

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,

I view energy as the lifeblood of world economic activity. And as a result, the energy industry has a profile that is particularly acute.

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

Crude oil prices weakened in the quarter, driven by the slowdown in Asian economies, mild winter weather, and a surplus of crude oil supplies,