In early 2004, WilcoHess, LLC, the joint venture between Amerada Hess and A.T. Williams Oil Company, completed the acquisition of 50 retail facilities from Service Distributing Company,  significantly strengthening our brand position  in the growing North Carolina market. With that purchase, the total number of Hess branded retail facilities increased to approximately 1,250. The Corporation operates a network of twenty-two  strategically located petroleum terminals on the East Coast of the United States. In addition to  supply from our refining assets, a well-balanced combination of term and spot supply contracts provides the flexibility to manage product invento- ries effectively across the network. In 2003, the Corporation was able to leverage our network to provide customers superior reliability of supply during the unusually cold winter weather. In energy marketing, the Corporation is a major supplier of natural gas, fuel oil and electricity,  with more than 24,000 commercial and industrial customer locations primarily on the East Coast. Cold weather in the first quarter of 2003 resulted  in strong margins and demand for fuel oil and  natural gas, significantly improving financial results over 2002.  13 Supply & Terminals Energy Marketing Fuel Oil Truck, New York City HOVENSA, St. Croix, Virgin Islands