Chevron
North America Crude Oil Marketing - May 2001 Summary California Bulletins 01-CA28 to 01-CA31, 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
CaliforniaAPICA28
05/08
CA29
05/09
CA30
05/18
Asphalto24.8525.5026.50
Belridge Hvy (under 28°)21.4021.7022.70
Belridge Lt (over 28°)24.6525.2526.25
Buena Vista Hills23.7024.2025.20
Cal Canal25.7026.3527.35
Coalinga21.7022.0023.00
Cymric21.0521.3022.30
Huntington Beach22.3022.6023.60
Kern River21.2521.5022.50
Kettleman Hills25.1025.7526.75
Lost Hills24.6025.2026.20
McKittrick21.2521.5022.50
Midway Sunset21.2521.5022.50
Montebello23.2023.6024.60
Pt Arguello (onshore)17.9018.1519.15
Railroad Gap24.7525.3526.35
Seal Beach24.1524.7025.70
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.0000
34.0° to 40.0°API0.01000.01000.0100
Below 34.0°API0.01500.02000.0200
CaliforniaAPICA31
05/24
 Mthly
Avg
Asphalto25.75 25.6806
Belridge Hvy (under 28°)21.95 22.0500
Belridge Lt (over 28°)25.50 25.4548
Buena Vista Hills24.45 24.4419
Cal Canal26.60 26.5194
Coalinga22.25 22.3500
Cymric21.55 21.6742
Huntington Beach22.85 22.9274
Kern River21.75 21.8629
Kettleman Hills26.00 25.9194
Lost Hills25.45 25.4048
McKittrick21.75 21.8629
Midway Sunset21.75 21.8629
Montebello23.85 23.8790
Pt Arguello (onshore)18.40 18.5129
Railroad Gap25.60 25.5435
Seal Beach24.95 24.9177
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.0000 0.0000
34.0° to 40.0°API0.0100 0.0100
Below 34.0°API0.0200 0.0187
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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