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Refining & Marketing$bnpre-tax3.02.52.01.51.0• Lower US refining margins• Increased refinerythroughputs• Strong InternationalBusinesses contribution0.50.02Q 07FVAE/NOI Underlying 2Q 081,638 Underlying result $m 799337 Fair value accounting effects (161)(FVAE) $m767 Non-operating items (NOIs) $m (99)2,742 Total result $m539

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