BUSINESSWEEK ONLINE : SEPTEMBER 25, 2000 ISSUE
NEWS: ANALYSIS & COMMENTARY

Drilling Is Down


Oil production at five of the largest publicly traded global producers

                     PRODUCTION*         YEAR-OVER-YEAR
                                            % CHANGE
EXXONMOBIL              2,546                   2
ROYAL DUTCH/SHELL       2,254                   3
BP                      2,014                  -4
CHEVRON                 1,151                  -1
TEXACO                    809                  -7

CHANGE FOR 10 OF THE LARGEST PRODUCERS:   -4%


* Thousands of barrels per day, first six months of 2000

DATA: MERRILL LYNCH & CO., MULTEX.COM


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