COMPANY   PRICE    52-WEEK      COMMENTS

                   HIGH-LOW



EXXON-    9 17/16  91 11/16-    World's largest oil company has big

MOBIL              69 7/8       positions in refining and chemicals,

(

XOM)                           which often have improved margins

                                when crude oil prices fall. A low-

                                cost producer, it can make money

                                even with oil in the midteens.



PHILLIPS  63 5/8   70-35 15/16  Acquired Alaskan oil field from BP

PETROLEUM                       at fire-sale price. Recently formed

(

P)                             alliances in chemicals and

                                natural- gas liquids. Refining

                                investment should raise profits

                                in 2001.



TOSCO     31 5/8   33 13/16-    The biggest, most efficient

(

TOS)              23 13/16     independent oil refiner. It has

                                increased earnings each year

                                since 1994, even in 1998 and 1999

                                when most refiners were losing

                                money.



TRITON    39       50 7/8-      A pure play in oil that has hit it

ENERGY             12 3/4       big with discoveries in the deep

(

OIL)                           water off West Africa. Beginning

                                production of natural gas off

                                Thailand's coast.



UNOCAL    35 1/4   39-25        Trading at a discount to other

(

UCL)                           big independent oil producers.

                                The stock could jump if the

                                U.S. Supreme Court upholds

                                its challenged patent on

                                reformulated gasoline.





DATA: BW SURVEY OF ANALYSTS, BLOOMBERG FINANCIAL MARKETS