He joined Exxon that same year as a production research engineer in Tulsa, Oklahoma. Over the next 16 years, he held positions of increasing responsibility with Exxon Company, U.S.A.; Creole Petroleum Corporation, which was Exxon's operating affiliate in Venezuela before those facilities were nationalized; the former Exxon International Company, which was responsible for Exxon's international supply and transportation of petroleum products and crude oil; and Lago Oil & Transport Company, Limited, the Exxon affiliate in Aruba.
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Mr. Raymond is vice chairman of the Board of Trustees of the American Enterprise Institute and a director of the United Negro College Fund. He is a director of J.P. Morgan Chase & Co., co-chairman of its Corporate Governance and Nominating Committee, and a member of its Compensation and Management Development Committee. He is a director and a member of the Executive Committee and Policy Committee of the American Petroleum Institute. He is also a member of the National Advisory Council of the American Society for Engineering Education.