Lee Raymond Quotes

Found 67 quotes by Lee Raymond.
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"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."

Lee Raymond

"It was a tough balancing act,"

Lee Raymond

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

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 Topics: Example

"I have a great deal of difficulty with those who live in a hugely prosperous country telling people in the developing world that they should be deprived of a critical source of energy."

Lee Raymond Topics: American Businessman Country

"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."

Lee Raymond

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

Lee Raymond Topics: American Businessman Energy

"It is important to remember that all business has an impact on the lives of real people."

Lee Raymond Topics: American Businessman Business

"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 Topics: Exploration

"History teaches us that punitive measures, hastily crafted in reaction to short-term market fluctuations, will likely have unintended negative consequences."

Lee Raymond Topics: History

"The rise in capital spending that we anticipate through 2005 means that production will increase at an even higher rate,"

Lee Raymond

"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."

Lee Raymond Topics: Money

"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 Topics: Company

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

Lee Raymond

"It makes no sense to talk of the social obligations of the corporation without reference to its economic obligations. The two are intertwined."

Lee Raymond Topics: American Businessman

"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."

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 Topics: Improvement

"Without competition, the spectacular development of technology that we have seen in the last one hundred years in this country would not have happened."

Lee Raymond Topics: American Businessman Competition

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

Lee Raymond

"In every aspect of life, including the economic dimension, we are always challenged to do the right thing. In many cases in the market system, which allows a great deal of latitude for human choice, people can get carried away to excess."

Lee Raymond Topics: American Businessman Life

"He or she must be successful in economic terms, but always within an ethical framework. Whether his or her constituency is a corporation and its shareholders or the customers in a small and privately held business, his or her first responsibility is to serve that constituency."

Lee Raymond Topics: American Businessman

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