Chevron
North America Crude Oil Marketing - January 2001 Summary California Bulletins 01-CA1 to 01-CA8, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 AM on the above listed effective date, subject to change without notice, Chevron will pay the following prices per barrel for crude oil and condensate delivered for its account into the custody of its authorized carrier or receiving agent. Prices are subject to deduction for transportation and other charges where applicable. Prices for oil apply to quantities measured by approved automatic custody transfer facilities or 100% tank table with customary adjustment of volume and gravity for temperature and full deduction for sediment and water.

* Prices are subject to a Gravity Adjustment Scale
CaliforniaAPICA1
01/03
CA2
01/10
CA3
01/12
CA4
01/18
CA5
01/19
Asphalto21.9023.4023.9024.2526.00
Belridge Hvy (under 28°)17.0018.5019.0019.7521.50
Belridge Lt (over 28°)21.5523.0523.5523.9525.70
Buena Vista Hills20.2021.7022.2022.7024.45
Cal Canal22.8024.3024.8025.1526.90
Coalinga17.3018.8019.3020.0521.80
Cymric16.5518.0518.5519.3021.05
Huntington Beach18.4019.9020.4021.0522.80
Kern River16.7518.2518.7519.5021.25
Kettleman Hills22.2023.7024.2024.5526.30
Lost Hills21.4022.9023.4023.8525.60
McKittrick16.7518.2518.7519.5021.25
Midway Sunset16.7518.2518.7519.5021.25
Montebello19.4020.9021.4021.9523.70
Pt Arguello (onshore)14.7516.2516.7517.4019.15
Railroad Gap21.7023.2023.7024.1025.85
Seal Beach20.8022.3022.8023.3025.05
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.0100
Below 34.0°API0.02500.02500.02500.02500.0250
CaliforniaAPICA6
01/24
CA7
01/29
CA8
01/31
 Mthly
Avg
Asphalto25.5025.0024.50 24.1293
Belridge Hvy (under 28°)21.0020.5020.00 19.4224
Belridge Lt (over 28°)25.2024.7024.20 23.8034
Buena Vista Hills23.9523.4522.95 22.5017
Cal Canal26.4025.9025.40 25.0293
Coalinga21.3020.8020.30 19.7224
Cymric20.5520.0519.55 18.9724
Huntington Beach22.3021.8021.30 20.7741
Kern River20.7520.2519.75 19.1724
Kettleman Hills25.8025.3024.80 24.4293
Lost Hills25.1024.6024.10 23.6776
McKittrick20.7520.2519.75 19.1724
Midway Sunset20.7520.2519.75 19.1724
Montebello23.2022.7022.20 21.7259
Pt Arguello (onshore)18.6518.1517.65 17.1241
Railroad Gap25.3524.8524.35 23.9534
Seal Beach24.5524.0523.55 23.1017
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.0100 0.0100
Below 34.0°API0.02500.02500.0250 0.0250
Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with the latest ASTM Standards and API Manual of Petroleum Measurement Standards (MPMS) generally accepted in the petroleum industry with deductions for full sediment, water and other impurities.

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