You have to put a question mark around just how long the global economy can live at $60 a barrel.

What we support is continued efforts to understand the problem better. We need to work harder on articulating our views, and we’re going to try to do better at that in the future.

Simply put, it works. The Exxon Mobil culture is something that a lot of people would like to understand better. I’m not really going to help them understand it, because it’s the source of our...

This is an industry that lives in cycles. The price environment we’re in today is not sustainable.

We need U.S. energy companies that have the scale and financial strength to make investments, undertake the risk and develop the new technologies.

We need companies that have the scale to compete.

In our view, ROCE (return on capital employed) continues to be the best overall measure of financial performance given the long-term capital -intensive nature of our industry. I would be cautious of anyone who tries...

This represents the 12th consecutive year of greater than 100 percent reserves replacement.

Exxon Mobil today accounts for a smaller global market share than Exxon and Mobil did together eight years ago.

By practically every measure, 2005 was an outstanding year.

We are patient, and we are not opportunity constrained.

Our industry remains massive and very much a long-term, capital-intensive business.

We are investing heavily in conventional oil and natural gas, which is the business we are in. We are not in those other businesses.

With respect to the committee’s specific question — whether mergers and acquisitions in our industry have contributed to higher prices at the pump — the answer is no.

I don’t think people should look for much to be different. It’s a culture that started many, many years ago. It’s a culture familiar to me since I joined the company, now almost 32 years...

Projects still require years to develop, cost billions of dollars to bring on stream and operate for decades.

We invest our shareholders’ money wisely, in projects that remain attractive over the long term.