Unocal Corporation

Unocal Corporation Description:
Unocal is one of the world's leading independent natural gas and crude oil exploration and production companies. The company's oil and gas activities are in North America and Asia.

Unocal Corporation Financial Summary:
UCL is the holding company for Union Oil Company of CA, a fully integrated global energy resources company engaged in natural gas and crude oil production. For the six months ended 6/30/05, revenues rose 18% to $4.28B. Net income from continuing ops. rose 67% to $872M. Revenues reflect increased production and higher worldwide energy prices. Net income also reflects improved gross margins and fewer exploration, dry hole, and interest expenses.

Unocal Corporation Business Summary:
Unocal Corporation (Unocal) operates as the parent entity of Union Oil Company of California (Union Oil). Virtually all of the Company's operations are conducted by Union Oil and its subsidiaries. The Company is an independent oil and gas exploration and production company, with principal operations in North America and Asia. Unocal is also a producer of geothermal energy and a provider of electrical power in Asia. Other activities include ownership in proprietary and common carrier pipelines, natural gas storage facilities and the marketing of hydrocarbon commodities.