Largest gas producer and the third largest oil producer in North Dakota.

Seminole-San Andres Unit, recognized as one of the most successful tertiary recovery projects.

Sea Robin Gas Plant resumed operation in March 2006 after damage from Hurricane Rita.

We hold one of the largest exploration portfolios in the deepwater Gulf of Mexico covering 1.5 million net acres. Notable exploration successes in 2006, including Pony.

Convenience store annual revenues, excluding petroleum products, exceeded $1 billion, for the first time.

Supplies natural gas, electricity and fuel oil to commercial and industrial customers on the East Coast of the United States.

Upgraded during 2006 to handle ultra-low sulfur diesel, as well as ethanol blending capability in Northeast markets.

Refining Facility operated reliably throughout 2006. Successfully completed low sulfur gasoline project.

The Okume Complex development commenced production in December 2006.

The Atlantic and Cromarty natural gas fields came on stream in 2006.

The South Arne Facility is the largest single producer of oil and gas in Denmark.

Gassi El Agreb Fields continued work on the Gas Compression and Reinjection Project.

Acquired a working interest in the deepwater section of the West Mediterranean Block 1 Concession.

The Phu Horm Field was completed within 18 months of project sanction and commenced gas production.

Development of the Ujung Pangkah Field continued and we expect to commence production of natural gas in 2007.

Oil production in the Samara region of Russia continued to increase during 2006.

HOVENSA is one of the world’s largest crude oil refineries. Completed low sulfur diesel project in 2006.

The Valhall Field is one of our most significant assets producing approximately 28,000 BOE per day.

We reentered our former oil and gas production operations in the Waha concessions.

We have interests in three major onshore oil fields.

The Azeri-Chirag-Gunashli (ACG) Fields in the Caspian Sea and the Baku-Tiblisi- Ceyhan (BTC) Pipeline both commenced operations in 2006.

Production from the JDA, the largest gas field in the Gulf of Thailand, ramped up significantly in 2006.