Chevron
North America Crude Oil Marketing - February 2002 Summary East of the Rockies Bulletins 02-E23 to 02-E40, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 a.m. on the date(s) indicated, and subject to change without notice and subject to the terms and conditions of its division orders or other contracts, Chevron will pay the following prices ($/bbl) for oil at 40.0° API and above, except as noted below, delivered into pipelines for its account into the custody of its authorized carrier or receiving agent. The posted prices for crude oil transported by truck or barge will be the following prices less appropriate trucking or barge cost. The posted prices for crude oil received off shore will be the following prices less appropriate transportation and quality costs to get the crude on shore. Regarding technical issues of Chevron's most recent posted prices, call Christine Mathwig 832-854-5159.

* Prices are subject to a Gravity Adjustment Scale
East of the RockiesE23
02/01
E24
02/04
E25
02/06
E26
02/07
E27
02/08
E28
02/11
E29
02/12
E30
02/13
E31
02/14
E32
02/15
Gvty
Adj*
Altamont Yellow Wax20.6320.3220.0319.8920.5121.6620.9821.4321.4821.75B
Bonito Sour (Onshore)19.2518.7518.5018.5019.0020.2519.5020.0020.0020.25A
Deepwater Sour (Onshore) (30°)17.5017.0016.7516.7517.2518.5017.7518.2518.2518.50F,G
East Texas19.4319.1218.8318.6919.3120.4619.7820.2320.2820.55none
Eugene Island Sour (Onshore)19.2519.0018.7518.5019.2520.2519.7520.0020.2520.50A
Heavy Louisiana Sweet (Onshore)20.0019.7519.5019.5020.0021.2520.5021.0021.0021.25A
Light Louisiana Sweet (Onshore)20.0019.7519.5019.2520.0021.0020.5020.7521.0021.25A
New Mexico Intermediate19.6419.3319.0418.9019.5220.6719.9920.4420.4920.76none
New Mexico Sour (34°)18.3818.0717.7817.6418.2619.4118.7319.1819.2319.50none
North Texas Sweet19.0518.7418.4518.3118.9320.0819.4019.8519.9020.17none
Oklahoma Sour18.3818.0717.7817.6418.2619.4118.7319.1819.2319.50none
Oklahoma Sweet19.9219.6119.3219.1819.8020.9520.2720.7220.7721.04none
South Texas Light Sweet18.3118.0017.7117.5718.1919.3418.6619.1119.1619.43none
Southwest Wyoming Sweet21.1820.8720.5820.4421.0622.2121.5321.9822.0322.30E
Uinta Basin Black Wax17.1316.8216.5316.3917.0118.1617.4817.9317.9818.25B
West Texas Intermediate19.1118.8018.5118.3718.9920.1419.4619.9119.9620.23none
West Texas Sour (34°)17.9017.5917.3017.1617.7818.9318.2518.7018.7519.02none
Western Colorado21.1720.8620.5720.4321.0522.2021.5221.9722.0222.29B
East of the RockiesE33
02/19
E34
02/20
E35
02/21
E36
02/22
E37
02/25
E38
02/26
E39
02/27
E40
02/28
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax21.1320.5421.2021.3220.7321.6621.5421.99 21.0457
Bonito Sour (Onshore)19.7519.0019.7519.7519.2520.2520.0020.50 19.5625
Deepwater Sour (Onshore) (30°)18.0017.2518.0018.0017.5018.5018.2518.75 17.8125
East Texas19.9319.3420.0020.1219.5320.4620.3420.79 19.8457
Eugene Island Sour (Onshore)19.7519.2520.0020.0019.5020.2520.2520.75 19.7411
Heavy Louisiana Sweet (Onshore)20.5020.0020.7520.7520.2521.2521.0021.50 20.5268
Light Louisiana Sweet (Onshore)20.5020.0020.5020.7520.2521.0021.0021.50 20.4821
New Mexico Intermediate20.1419.5520.2120.3319.7420.6720.5521.00 20.0557
New Mexico Sour (34°)18.8818.2918.9519.0718.4819.4119.2919.74 18.7957
North Texas Sweet19.5518.9619.6219.7419.1520.0819.9620.41 19.4657
Oklahoma Sour18.8818.2918.9519.0718.4819.4119.2919.74 18.7957
Oklahoma Sweet20.4219.8320.4920.6120.0220.9520.8321.28 20.3357
South Texas Light Sweet18.8118.2218.8819.0018.4119.3419.2219.67 18.7257
Southwest Wyoming Sweet21.6821.0921.7521.8721.2822.2122.0922.54 21.5957
Uinta Basin Black Wax17.6317.0417.7017.8217.2318.1618.0418.49 17.5457
West Texas Intermediate19.6119.0219.6819.8019.2120.1420.0220.47 19.5257
West Texas Sour (34°)18.4017.8118.4718.5918.0018.9318.8119.26 18.3157
Western Colorado21.6721.0821.7421.8621.2722.2022.0822.53 21.5857
Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with provisions of API Standard 1101 or from 100% tank tables with corrections of volume and gravity for temperature to 60°F in accordance with ASTM D-1250 and supplements thereto, if any, and with deductions for full sediment, water and other impurities. Only merchantable oil acceptable to the receiving agency designated by Chevron and containing not more than 1% sediment and water will be accepted.

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