Our vision is to be the world’s leading energy resource and project development company — the best people, the best partner, and the best performance. We combine the global reach and technical and financial resources of a major with the agility and aggressiveness of a small independent. Unocal produces and sells a broad array of essential energy resources, chemical fertilizers, and specialty minerals and develops major energy projects that help improve the quality of life for our customers around the world. Our primary mission is to maximize — ethically and responsibly — the total returns to the owners of the company, our stockholders. Unocal’s Business Activities. The company’s North America Energy Operations and International Energy Operations groups are engaged in the exploration and production of crude oil and natural gas and project development in 14 countries around the world. In 1999, Unocal produced 175,000 barrels of petroleum liquids and 1,836 million cubic feet of gas per day — mainly from United States’ Gulf of Mexico region, Thailand, and Indonesia. The Geothermal Operations group produces geothermal energy, supplying steam for the generation of electricity to power plants with a combined installed capacity of nearly 1,100 megawatts. Unocal Global Trade is an asset-based trading organization focused on improving margins — for parent company Unocal Corporation and customers — to achieve the highest oil and natural gas commodity trading performance at the lowest cost. In addition, Unocal Global Trade has the ability and skills to bring an integrated commercial, strategic and marketing approach to optimizing the value and performance of Unocal’s crude oil, products and natural gas midstream assets.

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