2004 Key Activities

• Generated cash flow of $3.1 billion from operating activities.
• Spent $2.9 billion in exploration, development and growth activities.
• Contributed approximately $3.8 million to several hundred community projects across our global operations.
• Provided $1,726 million dollars in fiscal contributions (royalties and taxes) to host governments.
• Launched $58 million deep-water wind farm demonstrator project in the North Sea and completed a $21 million cogeneration facility in Alberta.
• Announced a $770 million development of two oil fields (70 mmboe of reserves) about 160 kilometres northeast of Aberdeen, Scotland.
• Announced the sale of 2.3 trillion cubic feet of natural gas over a 17-year period from the Corridor production-sharing contract in Indonesia.