UPDATE: Effective June 1, 2013, Chevron will no longer post prices for the following grades:

  • Bonito Sour (Onshore)
  • Deepwater Sour (Onshore) (30°)
  • East Texas
  • Eugene Island Sour (Onshore)
  • Heavy Louisiana Sweet (Onshore)
  • Light Louisiana Sweet (Onshore)
  • New Mexico Intermediate
  • New Mexico Sour (34°)
  • North Texas Sweet
  • Oklahoma Sour
  • Oklahoma Sweet
  • South Texas Light Sweet
  • West Texas Intermediate
  • West Texas Sour (34°)

Chevron has changed its posted prices as shown below:

Effective 7:00 a.m. on the date(s) indicated, and subject to change without notice and subject to the terms and conditions of its division orders or other contracts, Chevron will pay the following prices ($/bbl) for oil at 40.0° API and above, except as noted below, delivered into pipelines for its account into the custody of its authorized carrier or receiving agent. The posted prices for crude oil transported by truck or barge will be the following prices less appropriate trucking or barge cost. The posted prices for crude oil received off shore will be the following prices less appropriate transportation and quality costs to get the crude on shore. For information on Chevron's most recent posted prices, call Brandon Larsen 832-854-2964.

* Prices are subject to a Gravity Adjustment Scale

East of the Rockies Price Change Gvty
Adj*

Note: Prices in $/bbl

Gravity Adjustments for East of the Rockies Crude Oils

Prices are subject to the following gravity adjustments:

Scale A:

  • Deduct $0.02/bbl for each whole degree API from 40.9° to 35.0° API
  • Deduct $0.015/bbl for each .1 degree API below 35.0° API
  • Deduct $0.015/bbl for each .1 degree API above 45.0° API

Scale B:

  • Deduct $0.015/bbl for each .1 degree API below 40.0° API
  • Deduct $0.015/bbl for each .1 degree API above 45.0° API

Scale C:

  • Deduct $0.02/bbl for each whole degree API below 40.9° API
  • Deduct $0.015/bbl for each .1 degree API above 45.0° API

Scale D:

  • Deduct $0.015/bbl for each .1 degree API below 34.0° API
  • Deduct $0.015/bbl for each .1 degree API above 45.0° API

Scale E:

  • Deduct $0.015/bbl for each .1 degree API below 40.0° API
  • Deduct $0.015/bbl for each .1 degree API above 50.0° API

Scale F:

  • Deduct $0.015/bbl for each .1 degree API below 30.0° API
  • Add $0.015/bbl for each .1 degree API above 30.0° to 35.0° API
  • Add $0.02/bbl for each whole degree API from 36° to 40.0° API
  • Deduct $0.015/bbl for each .1 degree API above 45.0° API

Scale G:

  • Add $0.1/bbl for each .1 weight percent Sulfur (wt%S) below 2.0 to 1.0 wt%S
  • Deduct $0.1/bbl for each .1 weight percent Sulfur (wt%S) above 2.0 wt%S

Scale H:

  • Add $0.015/bbl premium for each 0.1 degree below 45.0 degrees
  • Deduct $0.05/bbl for each 0.1 degree above 60.0 degrees

Measurement

The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with provisions of API Standard 1101 or from 100% tank tables with corrections of volume and gravity for temperature to 60°F in accordance with ASTM D-1250 and supplements thereto, if any, and with deductions for full sediment, water and other impurities. Only merchantable oil acceptable to the receiving agency designated by Chevron and containing not more than 1% sediment and water will be accepted.