Lee Raymond Quotes
Our earnings in the third quarter reflect the impact of the relatively volatile industry environment on commodity prices and industry margins. 
Tweet
Earnings | Quarter | Reflect | Impact | Volatile |
comments powered by Disqus
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
The improvement in earnings reflected higher U.S. natural gas realizations and refining margins, both of which were very strong early in the second quarter, but declined significantly as the quarter progressed... The decline in these key earnings drivers, along with crude oil prices, has continued into the third quarter.
- Lee Raymond