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Article: Corporate--Exxon Mobil's strategy isn't being swayed by the moves of competitors or the strength of oil prices.(General)(Brief Article)
- Article from:
- Petroleum Intelligence Weekly
- Article date:
- March 14, 2005
CopyrightCOPYRIGHT 2005 Energy Intelligence Group. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
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CORPORATE -- Exxon Mobil's strategy isn't being swayed by the moves of competitors or the strength of oil prices. "You will not hear about some kind of radical restructuring or a major change in strategy or plan," Chief Executive Lee Raymond told Wall Street analysts last week. "You won't see our investment spending swing with changes in near-term commodity prices," he said. "Focus and discipline are even more important in these buoyant industry conditions." Over the past five years, Exxon's operating ...
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