Middle East Economic Survey
VOL. XLVIII
No 49
5-December-2005
OIL PRICES
Energy Prices And Corporate Profits
By Lee Raymond
The following is the testimony of Lee Raymond, Chairman and CEO of ExxonMobil, before a joint hearing of the Senate Committees on Energy and Natural Resources and Commerce, Science and Transportation on energy prices and corporate profits. Four other oil company executives testified before the committees.
The increases in energy prices following Hurricanes Katrina and Rita have...
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