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INVESTOR RELATIONS

Exchange Listing
Blue Dolphin Energy Company
OTCQX (Listed Tier of the OTC Markets)
Ticker Symbol - BDCO

Research / Company Reports
We are aware that an informational report on Blue Dolphin was published by Viriathus Research LLC. Please note that any opinions, estimates or forecasts regarding Blue Dolphin's performance made by the analyst is theirs alone and does not represent opinions, forecasts or predictions of Blue Dolphin or its management. Blue Dolphin does not by its reference herein imply its endorsement of or concurrence with such information, conclusions or recommendations. 

Registered Shareholders
For information regarding securities transfer, lost certificates, change of address or other matters concerning your shareholder account, please contact Blue Dolphin's transfer agent (Securities Transfer Corporation).

Note:
Shareholders of Blue Dolphin common stock held by a bank or broker in its name (in "street name") should contact the bank or broker for matters concerning these shares.

Code of Conduct
All directors, officers and employees of Blue Dolphin must act ethically at all times and in accordance with the Code of Conduct policy adopted by Blue Dolphin's Board of Directors. Employees are required to certify that they comply with the Code of Conduct policy on a periodic basis.

The Audit Committee has established procedures to enable anyone who has a concern about Blue Dolphin's conduct or policies, or any employee who has a concern about Blue Dolphin's accounting, internal accounting controls or auditing matters, to communicate that concern directly to the Chairman of the Audit Committee. Blue Dolphin's Code of Conduct policy prohibits any employee from retaliating or taking any adverse action against anyone for raising or helping to solve an integrity concern. Violations and/or concerns may be sent anonymously to Mr. Haag Sherman, Audit Committee Chairman.

Code of Ethics
The Board of Directors adopted a Code of Ethics that is applicable to the principal executive officer, principal financial officer, principal accounting officer or controller, or persons performing similar functions. The Code of Ethics is reviewed by the Board of Directors annually and persons acting in principal accounting functions are required to certify that they comply with the Code of Ethics on an annual basis.