Chevron
North America Crude Oil Marketing - June 2001 Summary California Bulletins 01-CA32 to 01-CA37, 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
CaliforniaAPICA32
06/06
CA33
06/11
CA34
06/12
CA35
06/18
Asphalto25.2525.7526.2525.25
Belridge Hvy (under 28°)21.4521.9522.4521.45
Belridge Lt (over 28°)25.0025.5026.0025.00
Buena Vista Hills23.9524.4524.9523.95
Cal Canal26.1026.6027.1026.10
Coalinga21.7522.2522.7521.75
Cymric21.0521.5522.0521.05
Huntington Beach22.3522.8523.3522.35
Kern River21.2521.7522.2521.25
Kettleman Hills25.5026.0026.5025.50
Lost Hills24.9525.4525.9524.95
McKittrick21.2521.7522.2521.25
Midway Sunset21.2521.7522.2521.25
Montebello23.3523.8524.3523.35
Pt Arguello (onshore)17.9018.4018.9017.90
Railroad Gap25.1025.6026.1025.10
Seal Beach24.4524.9525.4524.45
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.0100
Below 34.0°API0.02000.02000.02000.0200
CaliforniaAPICA36
06/20
CA37
06/27
 Mthly
Avg
Asphalto24.2523.25 25.0500
Belridge Hvy (under 28°)20.4519.45 21.2500
Belridge Lt (over 28°)24.0023.00 24.8000
Buena Vista Hills22.9521.95 23.7500
Cal Canal25.1024.10 25.9000
Coalinga20.7519.75 21.5500
Cymric20.0519.05 20.8500
Huntington Beach21.3520.35 22.1500
Kern River20.2519.25 21.0500
Kettleman Hills24.5023.50 25.3000
Lost Hills23.9522.95 24.7500
McKittrick20.2519.25 21.0500
Midway Sunset20.2519.25 21.0500
Montebello22.3521.35 23.1500
Pt Arguello (onshore)16.9015.90 17.7000
Railroad Gap24.1023.10 24.9000
Seal Beach23.4522.45 24.2500
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.0000 0.0000
34.0° to 40.0°API0.01000.0100 0.0100
Below 34.0°API0.02000.0200 0.0200
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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