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Business Description
Williams Companies, Inc. is engaged in the transportation and sale of natural gas and petroleum products and other energy related activities. The Company, through its subsidiaries, is engaged in price risk management services; the purchase, sale and arranging of transportation or transmission of energy and energy-related commodities; transportation and storage of natural gas; exploration, production and marketing of oil and gas; direct investments in international energy projects; investments in energy and infrastructure development funds and soda-ash mining operations; natural gas gathering, treating and processing activities; natural gas liquids transportation; transportation of petroleum products and related terminal services; light hydrocarbon/olefin transportation; ethylene production; production and marketing of ethanol and bio-products; refining of petroleum products; retail marketing; petroleum products terminal services, and ammonia transportation and terminal services.

Financial Information
Williams Companies moves, manages and markets a variety of energy products, including natural gas, liquid hydrocarbons, petroleum and electricity. For the six months ended 06/02, revenues fell 24% to $4.64 billion. Net loss from continuing operations applicable to Common totaled $302.4 million, vs. a net income of $695.7 million. Results reflect a decrease in energy trading revenues and a $247 million loss from Williams Communication Group.