Lee Raymond, the former Chairman and CEO of ExxonMobil, will be this year’s recipient of The Honorary Lifetime Achievement Award for the Advancement of International Energy Policy & Diplomacy, presented by the Abdullah bin Hamad Al-Attiyah International Foundation for Energy & 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,” said HE Abdullah bin Hamad Al-Attiyah, Chairman of the Abdullah bin Hamad Al-Attiyah International Foundation for Energy & Sustainable Development.
Widely recognised for establishing ExxonMobil as the world’s leading oil company, Lee Raymond’s landmark achievements as Chairman and CEO include acquiring rival Mobil in 1999, and propelling the company’s market value fourfold to $375 billion 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. In the same year, The Economist dubbed Raymond as possibly the most successful oilman in a century.
In acceptance of his award, Raymond said: “I am honoured and humbled to have been nominated to receive the Al-Attiyah Foundation’s International Energy Award for Lifetime Achievement.”
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 Raymond at the sixth edition of the awards to be held in Doha on May 7. Previous beneficiaries of the Honorary Award, selected each year by the Al-Attiyah Foundation’s Board of Trustees, have been Sir Mark Moody-Stuart – former Chairman of the Royal Dutch Shell Group and Chairman of the UN Global Compact Foundation, HE Ali Al-Naimi, Saudi Arabia’s former Minister of Petroleum and Mineral Resources, and Christophe de Margerie, the late CEO of Total.
The Abdullah bin Hamad Al-Attiyah International Energy Award is the foremost global honour to recognise individuals for their lifetime achievement in the advancement of the energy sector. There are a further six award categories of recognition each year for the advancement of: the Qatar energy industry, OPEC, renewable energy, producer-consumer dialogue, education, and energy journalism – with the nominees reviewed by an international selection committee.