Financially, we intend to continue getting more from our existing assets. We want to grow the company but will execute our growth strategy with financial discipline. Through 2008, we have committed to spending almost $2 billion to improve our refining operations, by increasing capacity by 11 percent (100,000 barrels per day) and installing state-of-the-art environmental improvements, including a $61 million environmental enhancement project at our Philadelphia Refinery hydrogen fluoride alkylation unit.

HES excellence and operations reliability are inseparable, and both are necessary for achieving financial success. To achieve our target of top quartile or pacesetter HES performance, we will utilize leading performance indicators and further hone the OEMS and electronic data tracking tools to ensure that our resources are focused properly. We will examine our operations and policies to determine how best to address climate change issues and will pursue cost-effective initiatives to reduce energy use and greenhouse gases.

Openness, honesty, objectivity and integrity will remain the hallmarks of all our interactions with employees, customers, shareholders and communities.  We will work hard to be the employer of choice in our communities and a thoughtful participant in public policy debates that affect our company.

HES Glossary
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Conversion Table
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Summary Report
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