Lee R. Raymond

Date of Birth: August 13, 1938

Zodiac Sign: Leo

Biography

Lee R. Raymond is an American businessman who is best known for his role as the Chairman and CEO of ExxonMobil Corporation. Born in Watertown, South Dakota, Raymond graduated from the University of Wisconsin-Madison with a bachelor’s degree in chemical engineering. He later earned a Ph.D. in chemical engineering from the University of Minnesota. Raymond joined Exxon in 1963 and worked his way up through various positions within the company. He became the President of Exxon in 1987 and later served as the Chairman and CEO from 1993 until his retirement in 2005. Under his leadership, Exxon merged with Mobil in 1999 to become ExxonMobil, one of the largest publicly traded oil and gas companies in the world. Raymond was known for his strong focus on shareholder value and cost-cutting measures, which made ExxonMobil one of the most profitable companies globally. He also faced considerable criticism for his stance on climate change, as ExxonMobil was accused of downplaying the risks associated with fossil fuels. Despite controversies, Raymond’s tenure at ExxonMobil solidified his reputation as a formidable leader in the energy sector.

5 Interesting Facts about Lee R. Raymond

1. Lee R. Raymond played a key role in the historic merger between Exxon and Mobil in 1999.

2. He is an Eagle Scout and has received the Distinguished Eagle Scout Award.

3. Raymond served on the board of directors for several organizations, including JPMorgan Chase and the National Petroleum Council.

4. He was awarded the Legion of Honor by France for his contributions to the energy sector.

5. Under his leadership, ExxonMobil resisted investing heavily in renewable energy, focusing instead on oil and gas.

5 Most Interesting Quotes from Lee R. Raymond

1. “We don’t make decisions based on what the public thinks is right or wrong.”

2. “Climate change poses risks that warrant action, but the appropriate actions are not always obvious.”

3. “Our strategy is to be the best, not necessarily the biggest.”

4. “We believe in the power of free markets to allocate resources efficiently.”

5. “Energy is fundamental to economic growth and development.”

Highest Net Worth Achieved

At the peak of his career, Lee R. Raymond’s net worth was estimated to be around $400 million.

Children

Lee R. Raymond has two children. His son, John Raymond, is also involved in the energy sector and is the CEO of The Energy & Minerals Group, a private equity firm.