Chevron
North America Crude Oil Marketing - October 2002 Summary California Bulletins 02-CA95 to 02-CA106, 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
CaliforniaAPICA95
10/01
CA96
10/03
CA97
10/04
CA98
10/09
CA99
10/10
CA100
10/14
CA101
10/16
Asphalto28.7528.0027.7527.5027.3527.8527.60
Belridge Hvy (under 28°)25.6524.9024.6524.4023.9024.4024.15
Belridge Lt (over 28°)28.6027.8527.6027.3527.1527.6527.40
Buena Vista Hills27.7026.9526.7026.4526.2026.7026.45
Cal Canal29.5528.8028.5528.3028.2028.7028.45
Coalinga25.9525.2024.9524.7024.2024.7024.45
Cymric25.3524.6024.3524.1023.5524.0523.80
Huntington Beach26.4525.7025.4525.2024.8025.3025.05
Kern River25.5024.7524.5024.2523.7524.2524.00
Kettleman Hills28.9528.2027.9527.7027.6028.1027.85
Lost Hills28.5527.8027.5527.3027.1027.6027.35
McKittrick25.5024.7524.5024.2523.7524.2524.00
Midway Sunset25.5024.7524.5024.2523.7524.2524.00
Montebello27.2526.5026.2526.0025.7026.2025.95
Pt Arguello (onshore)22.1521.4021.1520.9020.4020.9020.65
Railroad Gap28.6527.9027.6527.4027.2527.7527.50
San Ardo24.0523.3023.0522.8022.2522.7522.50
Seal Beach28.1027.3527.1026.8526.6527.1526.90
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.01500.01500.01500.01500.01500.01500.0150
CaliforniaAPICA102
10/21
CA103
10/22
CA104
10/25
CA105
10/29
CA106
10/31
 Mthly
Avg
Asphalto26.3525.8524.8524.3524.60 26.8210
Belridge Hvy (under 28°)22.9022.4021.4020.9021.15 23.4726
Belridge Lt (over 28°)26.1525.6524.6524.1524.40 26.6355
Buena Vista Hills25.2024.7023.7023.2023.45 25.7000
Cal Canal27.2026.7025.7025.2025.45 27.6565
Coalinga23.2022.7021.7021.2021.45 23.7726
Cymric22.5522.0521.0520.5520.80 23.1371
Huntington Beach23.8023.3022.3021.8022.05 24.3435
Kern River22.7522.2521.2520.7521.00 23.3226
Kettleman Hills26.6026.1025.1024.6024.85 27.0565
Lost Hills26.1025.6024.6024.1024.35 26.5855
McKittrick22.7522.2521.2520.7521.00 23.3226
Midway Sunset22.7522.2521.2520.7521.00 23.3226
Montebello24.7024.2023.2022.7022.95 25.2145
Pt Arguello (onshore)19.4018.9017.9017.4017.65 19.9726
Railroad Gap26.2525.7524.7524.2524.50 26.7210
San Ardo21.2520.7519.7519.2519.50 21.8371
Seal Beach25.6525.1524.1523.6523.90 26.1355
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.01500.01500.01500.01500.0150 0.0150
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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