1. Steering Team MeetingWednesday, November 29 Mary Kole ... email:mlko@chevron.com cell: 713 569 0606 voicemail: 713 754 4728 Marty Stetzer … email:marty.stetzer@us.pwcglobal.comcell: 713 419 6912 voicemail: 713 356 4164 Amanda Diaz … email: amanda.diaz@us.pwcglobal.comcell: 832 754 3368 voicemail: 713 356 5224 The New Industry Model --The Book Club --

2. Welcome! • Steering Team Members ... Cliff Cook … Andy Esterer … John Fitzgerald … Dave Kirshner ... Mary Kole … Ray Kurkjy … Gretchen Watkins … Herb Whitney … Hal Zesch • Legal Counsel David Ivey, Tommy Stuchell • Work Team Leaders ... Marty Stetzer … Shannon Johnson … John Ruddy … Wilson Haddow … Eric Rich … Chuck Srinivasa … Amanda Diaz 2

3. Today’s Agenda(all times in CST) 1:00 Welcome, Roll-call, Housekeeping 1:10 Week’s Theme, Newsworthy Events, Results 1:20 Key Note Topics: • Project Management • Prize • others??? 2:50 Preview of Coming Attractions 2:55 Wrap-Up 3:00 Done! 3

4. What does the joint team look like? Steering Team Advisory Council Members David Kirshner - ExxonMobil Gretchen Watkins - BP Herb Whitney - Citgo John Fitzgerald - Hess Hal Zesch - Valero Cliff Cook - MAP Andy Esterer - Premcor Ray Kurkjy- Tosco Mary Kole- Project Manager Available Advisors • BP • Chevron • Citgo • Coastal • Conoco • Equiva • ExxonMobil • Hess • Marathon Ashland • Premcor • Sunoco • Tosco • TransMontaigne • Ultra Diamond Shamrock • Valero e-Markets Andy Miller Financial Clearinghouses Jonathan Davies Bob Sullivan Bill Irving DTCC Robert Flaum Project Managers Project Partner Morten Jensen Project Manager - Mary Kole PwC Project Lead - Marty Stetzer A.Governance Team Frank Doorley B.Business Model Team Wilson Haddow F.Stakeholder Consensus • Marty Stetzer • Mary Kole • Amanda Diaz C.Prize/D.Process E.Technology • Wilson Haddow • Warren Giese • Bill Esslinger • Jeff Beyersdorfer • Joe Van Horn • Tommy Stuchell • John Ruddy • Eric Rich • Dan Schwartz • Jim Schlitter • Carl Schwartz • Bijoy Paul or Michael Treu • Joe Guidera • Shannon Johnson • Eric Rich • Chuck Chakarvarthy • Randy Boelkes • Annette Hunt • David Nalley • Rick Fritz • Brian Mecadon • Maggie Keane • David Jensen • Susan Hollen • Nick Hauser • Roman Brozny • Doug Meyer • Hal Zesch • Mark Taylor • Dick Schrock 4

5. How long will the project take? Need updated timeline 10-23 10-30 11-6 11-13 11-20 11-27 12-4 12-11 12-18 12-25 1-1 1-8 1-15 1-22 • Advisory Council Review • Prize Identification • Process Scope • Preliminary Rollout On target for first major milestone for the project... First milestone for Go/NoGo decision Today’s Progress Week 13 Week Starts Week 1 Week 2 Week 3 Week 4 Week 5 Week 6 Week 7 Week 8 Week 9 Week 10 Week 11 Week 12 Week 13 Scope Finalization & Project Start-up Prize Identification Process Definition Technology Assessment Revenue/Cost model for BBBC Communication Ownership and Organizational Model Funding Requirements and Return Definitive Agreement Creation Business Plan Steering Team Meetings Holidays Key Milestone Go/NoGo Decisions 5

6. Highlights and Results:Week 7 (This Week) • Theme: “ blah blah blah ” • Highlights: • ALL: please add any high-lites from the week!! 6

7. Decision/Discussion Points • Work Teams not requiring Steering Team input this week ... • ??? • ??? • ??? • ??? 7

8. Project Management Team… Mary Kole, Marty Stetzer ... • Project Time Line remains unaltered • Press Spokesperson … is it time to hire a PR firm? • Security issues … and concerns • Rack Pack and PwC -- discuss • Business Plan conference Jan 10? • January ST Meeting Dates: • Jan 10? • Jan 23? • any feedback from last week’s AC meeting? 8

9. Governance Team… Wilson Haddow, Dave Kirshner 9

10. Business Plan Team… Wilson Haddow, Gretchen Watkins ... 10

11. Technology Team… John Ruddy, Ray Kurkjy ... 11

12. Communications Team… Marty Stetzer, John Fitzgerald ... 12

13. Prize Team…Shannon Johnson, Herb Whitney... 13

14. Process Team…Eric Rich, Hal Zesch, Andy Esterer... 14

15. Steering Team Buddy Systemobjective: capture non-ST concerns, ideas, thoughts and communicate ST, project progress Does this work for you? Will you be responsible for your “buddies”? 15

16. Preview of Coming Attractions • Key-Note topics: Dec 20 Steering Team Meeting: 16

17. Meeting Wrap-Up • Meeting   17