Unocal Corporation - UCL- Profile

Unocal Corporation. The Group's principal activities are to explore and produce oil and gas in North America and Asia. It operates in four reportable segments: Exploration and Production, Midstream and Marketing, Geothermal and Other. The Exploration and Production segment includes its North American and International oil and gas operations. The Midstream segment is comprised of the Pipelines business. The Geothermal segment produces geothermal steam for power generation, with operations in the Philippines and Indonesia. The Corporate and Other grouping includes general corporate overhead, miscellaneous operations (including real estate, carbon and minerals businesses) and other corporate unallocated costs (including environmental and litigation expenses). The Group has international operations primarily in Canada, Thailand, Philippines and Indonesia. Midstream & Marketing accounted for 55% of 2004 revenues; Exploration & Production, 38%; Geothermal, 3% & Corporate & Other, 4%