ROD LAMKEY JR./THE WASHINGTON TIMES
John Watson, chief executive officer of Chevron Corp. (left); Marvin Odum, U.S. president of Shell Oil (second from left); H. Lamar McKay, chairman and president of BP America Inc. (third from left); James Mulva, chief executive officer of Conoco Phillips (second from right); and Rex Tillerson, chairman and chief executive officer of Exxon Mobil Corp., testify during a Senate hearing on oil- and gas-tax incentives and rising energy prices on Capitol Hill on Thursday.

ROD LAMKEY JR./THE WASHINGTON TIMES John Watson, chief executive officer of Chevron Corp. (left); Marvin Odum, U.S. president of Shell Oil (second from left); H. Lamar McKay, chairman and president of BP America Inc. (third from left); James Mulva, chief executive officer of Conoco Phillips (second from right); and Rex Tillerson, chairman and chief executive officer of Exxon Mobil Corp., testify during a Senate hearing on oil- and gas-tax incentives and rising energy prices on Capitol Hill on Thursday.