Chevron has recently completed major expansions and upgrades at its largest refineries to enable them to create high-value products from the full slate of crude oils — from light, sweet crudes to the more plentiful heavy, high-sulfur crudes. In 2008, our affiliate refinery in Yeosu, South Korea, completed a major upgrade and now has launched another project to increase the production of high-quality transportation fuels and improve feedstock flexibility. Overall, we are making significant investments in our global refining system to improve flexibility, reliability, energy efficiency and product yields.