Lee Raymond, the former chairman and chief executive of ExxonMobil, will be this year’s recipient of the 'Honorary Lifetime Achievement Award for the Advancement of International Energy Policy and Diplomacy', presented by the Abdullah bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development.
"Lee Raymond has been an inspirational figure throughout his half-century career in the oil industry, but it is his tactical insight in steering ExxonMobil towards sustainable growth in a low and high oil price era which defines his leadership qualities,” HE Abdullah bin Hamad al-Attiyah, chairman of the Abdullah bin Hamad Al-Attiyah International Foundation for Energy and Sustainable Development, said.
Widely recognised for establishing ExxonMobil as the world’s leading oil company, Raymond’s landmark achievements include acquiring rival Mobil in 1999, and propelling the company’s market value fourfold to $375bn by the end of his tenure in 2005, overtaking BP as the largest global oil company and displacing General Electric as the largest US Corporation.
The Al-Attiyah International Foundation bestows one honorary award each year to an outstanding global energy leader, and the 2018 accolade will be presented to him at the sixth edition of the Awards to be held in Doha on May 7.
Previous winners of the honorary award have been Sir Mark Moody-Stuart, former chairman of the Royal Dutch Shell Group and chairman of the UN Global Compact Foundation; Ali al-Naimi, Saudi Arabia’s former minister of Petroleum and Mineral Resources; and Christophe de Margerie, the late chief executive of Total.
LEAVE A COMMENT Your email address will not be published. Required fields are marked*
US consumer spending rebounds; falling income a threat
Dutch airline KLM to get €3.4bn bailout package
ECB’s Lagarde says ‘probably passed lowest point’ of economic crisis
Business council seeks robust Qatar-Ukraine ties in various sectors
Alibaba replaces CEO of Southeast Asian arm Lazada
Bain to buy Virgin Australia in bold bet on shattered industry
Tencent’s Twitch streaming rival is hiding in plain sight
Samsung heir should not be indicted: Panel
Australia’s $37bn fund targets more private debt for yield