2Q2002

Williams Swings 2Q2002 Loss to 2Q2003 Profit

Due to a strong performance from its energy marketing and trading segment, in addition to asset sales, Williams announced 2Q2003 unaudited net income of $269.7 million, or 46 cents per share on a diluted basis, compared with a net loss of $349.1 million, or a loss of 68 cents per share, for the similar period of 2002.

August 18, 2003

Williams Swings 2Q2002 Loss to 2Q2003 Profit

Due to a strong performance from its energy marketing and trading segment, in addition to asset sales, Williams announced 2Q2003 unaudited net income of $269.7 million, or 46 cents per share on a diluted basis, compared with a net loss of $349.1 million, or a loss of 68 cents per share, for the similar period of 2002.

August 13, 2003