Chevron
North America Crude Oil Marketing - March 2002 Summary East of the Rockies Bulletins 02-E41 to 02-E60, 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 RockiesE41
03/01
E42
03/04
E43
03/05
E44
03/06
E45
03/07
E46
03/08
E47
03/11
E48
03/12
E49
03/13
E50
03/14
E51
03/15
Gvty
Adj*
Altamont Yellow Wax22.6522.7023.4223.4023.9624.0924.5624.4524.4124.8124.76B
Bonito Sour (Onshore)21.2521.2522.0022.0022.5022.7523.2523.0023.0023.5023.25A
Deepwater Sour (Onshore) (30°)19.7520.0020.5020.5021.2521.2521.7521.7521.5022.0022.00F,G
East Texas21.5821.6322.3522.3322.8923.0223.4923.3823.3423.7423.69none
Eugene Island Sour (Onshore)21.2521.2522.0022.0022.5022.7523.0023.0023.0023.2523.25A
Heavy Louisiana Sweet (Onshore)22.2522.2523.0023.0023.5023.5024.0024.0024.0024.2524.25A
Light Louisiana Sweet (Onshore)22.2522.2523.0023.0023.5023.7524.2524.0024.0024.5024.50A
New Mexico Intermediate21.8821.9322.6522.6323.1923.3223.7923.6823.6424.0423.99none
New Mexico Sour (34°)20.8420.8921.6121.5922.1522.2822.7522.6422.6023.0022.95none
North Texas Sweet21.2021.2521.9721.9522.5122.6423.1123.0022.9623.3623.31none
Oklahoma Sour20.8420.8921.6121.5922.1522.2822.7522.6422.6023.0022.95none
Oklahoma Sweet22.0722.1222.8422.8223.3823.5123.9823.8723.8324.2324.18none
South Texas Light Sweet20.5520.6021.3221.3021.8621.9922.4622.3522.3122.7122.66none
Southwest Wyoming Sweet23.2023.2523.9723.9524.5124.6425.1125.0024.9625.3625.31E
Uinta Basin Black Wax19.1519.2019.9219.9020.4620.5921.0620.9520.9121.3121.26B
West Texas Intermediate21.3521.4022.1222.1022.6622.7923.2623.1523.1123.5123.46none
West Texas Sour (34°)20.3620.4121.1321.1121.6721.8022.2722.1622.1222.5222.47none
Western Colorado23.1923.2423.9623.9424.5024.6325.1024.9924.9525.3525.30B
East of the RockiesE52
03/18
E53
03/19
E54
03/20
E55
03/21
E56
03/22
E57
03/25
E58
03/26
E59
03/27
E60
03/28
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax25.3625.1325.1525.8625.6025.2425.6126.1226.56 24.7652
Bonito Sour (Onshore)24.0023.7523.7524.5024.2523.7524.2524.7525.25 23.3790
Deepwater Sour (Onshore) (30°)22.5022.2522.2523.0022.7522.5022.7523.2523.75 21.9355
East Texas24.2924.0624.0824.7924.5324.1724.5425.0525.49 23.6952
Eugene Island Sour (Onshore)24.0023.7523.7524.5024.2523.7524.2524.7525.00 23.3306
Heavy Louisiana Sweet (Onshore)24.7524.7524.7525.2525.0024.7525.0025.7526.00 24.2581
Light Louisiana Sweet (Onshore)25.0024.7524.7525.5025.2524.7525.2525.7526.25 24.4032
New Mexico Intermediate24.5924.3624.3825.0924.8324.4724.8425.3525.79 23.9952
New Mexico Sour (34°)23.5523.3223.3424.0523.7923.4323.8024.3124.75 22.9552
North Texas Sweet23.9123.6823.7024.4124.1523.7924.1624.6725.11 23.3152
Oklahoma Sour23.5523.3223.3424.0523.7923.4323.8024.3124.75 22.9552
Oklahoma Sweet24.7824.5524.5725.2825.0224.6625.0325.5425.98 24.1852
South Texas Light Sweet23.2623.0323.0523.7623.5023.1423.5124.0224.46 22.6652
Southwest Wyoming Sweet25.9125.6825.7026.4126.1525.7926.1626.6727.11 25.3152
Uinta Basin Black Wax21.8621.6321.6522.3622.1021.7422.1122.6223.06 21.2652
West Texas Intermediate24.0623.8323.8524.5624.3023.9424.3124.8225.26 23.4652
West Texas Sour (34°)23.0722.8422.8623.5723.3122.9523.3223.8324.27 22.4752
Western Colorado25.9025.6725.6926.4026.1425.7826.1526.6627.10 25.3052
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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