Quarterly Financial Data Quarterly results of operations for the years ended December 31, 2003 and 2002 follow: Sales Millions of and other Net Net dollars, except operating Gross income  income (loss) per share data revenues proGLYPH<222>t (a) (loss)(b) per share 2003 First $4,254 $477 $ 177 (C) $ 1.98 Second 3,199 382 252 (d) 2.83 Third 3,230 361 146 (e) 1.64 Fourth 3,628 394 68 (d)(f) .71 2002 First $2,926 $368 $ 140 (g) $ 1.58 Second 2,694 385 149 (h) 1.66 Third 2,724 419 (136) (i) (1.54) Fourth 3,207 431 (371) (j) (4.20) (a) Gross proGLYPH<222>t represents sales and other operating revenues, less cost of products sold, production expenses, marketing expenses, other operating expenses and depreciation, depletion and amortization. (b) Includes net income (loss) from discontinued operations, as follows: (d) Includes after-tax charges of $23 million ($38 million before income taxes) in the second quarter and $9 million ($15 million before income taxes) in the fourth quarter for accrued severance and a reduction in leased ofGLYPH<222>ce space in London. Also includes a net loss in the second quarter of $20 million ($9 million before income taxes) from the sale of a shipping joint venture. (e) Includes a U.S. income tax beneGLYPH<222>t of $30 million for the recognition of certain prior year foreign exploration expenses. (f) Includes $19 million after-tax ($31 million before income taxes) for premiums paid on repurchase of bonds. (g) ReGLYPH<223>ects a net gain from asset sales of $42 million ($62 million before income taxes). (h) Includes charges of $14 million ($22 million before income taxes) for the reduction in carrying value of intangible assets related to energy marketing activities and $8 million ($13 million before income taxes) for aseverance accrual. (i) ReGLYPH<223>ects a net charge of $207 million ($318 million before income taxes) for impairment of U.S. producing properties and exploration acreage. Also includes a net gain from asset sales of $45 million ($68 million before income taxes) and a deferred tax charge of $43 million for an increase in the United Kingdom income tax rate. (j) Includes a net charge of $530 million ($706 million before income taxes) for impairment of the Ceiba Field. Also includes a net gain from an asset sale of $13 million. 33 Certain sections of Management’s Discussion and Analysis of Results of Operations and Financial Condition, including references to the Corporation’s future results of operations and financial position, liquidity and capital resources, capi- tal expenditures, oil and gas production, tax rates, debt repayment, hedging, derivative, market risk and environ- mental disclosures, off-balance sheet arrangements and contractual obligations and contingencies include forward looking information. Forward looking disclosures are based on the Corporation’s current understanding and assess- ment of these activities and reasonable assumptions about the future. Actual results may differ from these disclosures because of changes in market conditions, government actions and other factors. The results of operations for the periods reported herein should not be considered as indicative of future operating results. Forward Looking Information Quarter 2003 2002 First $ (20) $ 9 Second 189 20 Third GLYPH<209> (31) Fourth GLYPH<209> 29 (c) Includes income of $7 million from the cumulative effect of the adoption of FAS No. 143,  Accounting for Asset Retirement Obligations. Also includes income of $31 million ($47 million before income taxes) from asset sales.