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Exxon Mobil CEO denies gas price gouging in comments at Dallas meeting
Exxon Mobil chief Lee R. Raymond said high gasoline prices are driven by crude costs and taxes, not company profits. He noted Middle East political uncertainty keeps prices volatile and defended the firm’s earnings while criticizing calls for tighter emissions rules.
MENTIONED IN THIS ARTICLE
Dallas
Exxon Mobil Corp
Middle East
Lee R. Raymond
Exxon Mobile
Raymond
Exxon Mobil
Dallas Symphony Hall
Saudi Arabia
OPEC
United States
United
Texas
Peter Altman
Campaign
European Union
Altman
Paul Driessen
Irving
Standard & Poor
Brent Fryer
St. George
Utah
ConocoPhillips
Rex Tillerson
Tillerson