Chevron
North America Crude Oil Marketing - November 2002 Summary California Bulletins 02-CA107 to 02-CA114, 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
CaliforniaAPICA107
11/05
CA108
11/06
CA109
11/07
CA110
11/08
CA111
11/13
Asphalto23.8523.7523.2523.7523.00
Belridge Hvy (under 28°)20.4019.9519.4519.9519.20
Belridge Lt (over 28°)23.6523.5023.0023.5022.75
Buena Vista Hills22.7022.4521.9522.4521.70
Cal Canal24.7024.6024.1024.6023.85
Coalinga20.7020.2519.7520.2519.50
Cymric20.0519.5519.0519.5518.80
Huntington Beach21.3020.8520.3520.8520.10
Kern River20.2519.7519.2519.7519.00
Kettleman Hills24.1024.0023.5024.0023.25
Lost Hills23.6023.4522.9523.4522.70
McKittrick20.2519.7519.2519.7519.00
Midway Sunset20.2519.7519.2519.7519.00
Montebello22.2021.8521.3521.8521.10
Pt Arguello (onshore)16.9016.4015.9016.4015.65
Railroad Gap23.7523.6023.1023.6022.85
San Ardo18.7518.2017.7018.2017.45
Seal Beach23.1522.9522.4522.9522.20
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°API0.01500.02000.02000.02000.0200
CaliforniaAPICA112
11/18
CA113
11/20
CA114
11/22
 Mthly
Avg
Asphalto24.2524.5024.75 24.1083
Belridge Hvy (under 28°)20.4520.7020.95 20.3667
Belridge Lt (over 28°)24.0024.2524.50 23.8667
Buena Vista Hills22.9523.2023.45 22.8333
Cal Canal25.1025.3525.60 24.9583
Coalinga20.7521.0021.25 20.6667
Cymric20.0520.3020.55 19.9750
Huntington Beach21.3521.6021.85 21.2667
Kern River20.2520.5020.75 20.1750
Kettleman Hills24.5024.7525.00 24.3583
Lost Hills23.9524.2024.45 23.8167
McKittrick20.2520.5020.75 20.1750
Midway Sunset20.2520.5020.75 20.1750
Montebello22.3522.6022.85 22.2500
Pt Arguello (onshore)16.9017.1517.40 16.8250
Railroad Gap24.1024.3524.60 23.9667
San Ardo18.7018.9519.20 18.6333
Seal Beach23.4523.7023.95 23.3250
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°API0.02000.02000.0200 0.0192
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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