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

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

Our movie also received offers from French, British and Japanese distribution companies. - Lee Raymond Quotes

Our movie also received offers from French, British and Japanese distribution companies.

There is no system that is inherently moral if the participants themselves are not. - Lee Raymond Quotes

There is no system that is inherently moral if the participants themselves are not.

American Businessman

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 Quotes

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.

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 Quotes

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.

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 Quotes

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 low-cost long-haul model has numerous advantages. - Lee Raymond Quotes

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

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 Quotes

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

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 Quotes

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.

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 Quotes

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,

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 Quotes

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

American Businessman Competition

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

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

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 Quotes

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.

American Businessman Country

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

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

When you add it all up, that energy legislation is zero on how it affects Exxon Mobil. - Lee Raymond Quotes

When you add it all up, that energy legislation is zero on how it affects Exxon Mobil.

When you add it all up, that energy legislation is zero in terms of how it affects Exxon Mobil. - Lee Raymond Quotes

When you add it all up, that energy legislation is zero in terms of how it affects Exxon Mobil.

That energy legislation is zero in terms of how it affects Exxon Mobil. - Lee Raymond Quotes

That energy legislation is zero in terms of how it affects Exxon Mobil.

There are no quick fixes and there are no short-term solutions, - Lee Raymond Quotes

There are no quick fixes and there are no short-term solutions,

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

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 price [of oil] is set on the world market by willing buyers and sellers, - Lee Raymond Quotes

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

The main professional responsibility of a person in business is business. - Lee Raymond Quotes

The main professional responsibility of a person in business is business.

American Businessman Business

Ethical conduct is something that becomes inherent in an organization over a long period of time. - Lee Raymond Quotes

Ethical conduct is something that becomes inherent in an organization over a long period of time.

American Businessman

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

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

We should seek a system that provides outlets for those skills and talents so that everyone can find a way to work and serve in a manner that best suits the strengths of each individual. - Lee Raymond Quotes

We should seek a system that provides outlets for those skills and talents so that everyone can find a way to work and serve in a manner that best suits the strengths of each individual.

American Businessman

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 Quotes

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.

We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else. - Lee Raymond Quotes

We have seen that in this country in the last few years, particularly on Wall Street, with the rise of the old human frailty of greed. This occurs when people begin to serve only their own needs to the detriment of everyone else.

American Businessman Country

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. - Lee Raymond Quotes

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.

The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity. - Lee Raymond Quotes

The market system requires that people be committed and willing to work hard. Inherent with that is what I call a merit system, which I think gives people the greatest opportunity.

American Businessman People

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 Quotes

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.

American Businessman Life

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

American Businessman Energy

It is important to remember that all business has an impact on the lives of real people. - Lee Raymond Quotes

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

American Businessman Business

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. - Lee Raymond Quotes

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.

The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system. - Lee Raymond Quotes

The freedoms that people have that flow from all civic institutions fundamentally come from the success of a market system.

American Businessman People

We obviously want to produce things that people want. We are going to continue to do that in an environmentally responsible way, while still being aware of the physical, scientific, and practical issues that we have to deal with. - Lee Raymond Quotes

We obviously want to produce things that people want. We are going to continue to do that in an environmentally responsible way, while still being aware of the physical, scientific, and practical issues that we have to deal with.

American Businessman People

There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels. - Lee Raymond Quotes

There is hardly an activity that a person can think about that does not intrinsically involve energy, most of which is currently provided by fossil fuels.

American Businessman Energy

A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important. - Lee Raymond Quotes

A free economy is as essential to society as democratic political institutions. A strong market-based economy is the fertile ground for democratic freedoms that we think are important.

American Businessman Economy

It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare. - Lee Raymond Quotes

It is the potential for economic growth that provides the basis for the development of countries, for bringing to people essential goods and services, such as water to drink and facilities for healthcare.

American Businessman Growth

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 Quotes

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.

American Businessman

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 Quotes

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.

I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available. - Lee Raymond Quotes

I find it interesting that many of the people who want to restrict fossil fuels live in well-developed countries where abundant and affordable energy is readily available.

American Businessman People

In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships. - Lee Raymond Quotes

In some of the countries where we operate, there is a tradition of corruption, in which the political elites work with business in the framework of unsavory relationships.

American Businessman Corruption

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 Quotes

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.

I would think that that's something that we ought to look at very, very carefully and see if there can be a constructive role. - Lee Raymond Quotes

I would think that that's something that we ought to look at very, very carefully and see if there can be a constructive role.

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

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

Our numbers are huge because the scale of our industry is huge, - Lee Raymond Quotes

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

In politics time is measured in increments of two, four and six years, - Lee Raymond Quotes

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

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 Quotes

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.

It was a tough balancing act, - Lee Raymond Quotes

It was a tough balancing act,

I'm not trying to criticize the traders, ... Obviously, the probability of a shortage is higher than it has been in the past. - Lee Raymond Quotes

I'm not trying to criticize the traders, ... Obviously, the probability of a shortage is higher than it has been in the past.

It's profits that make the companies run and make the economy run. - Lee Raymond Quotes

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

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