Chevron
North America Crude Oil Marketing - May 2002 Summary East of the Rockies Bulletins 02-E83 to 02-E104, 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 RockiesE83
05/01
E84
05/02
E85
05/03
E86
05/06
E87
05/07
E88
05/08
E89
05/09
E90
05/10
E91
05/13
E92
05/14
E93
05/15
E94
05/16
Gvty
Adj*
Altamont Yellow Wax27.0026.4926.8726.3726.8828.1027.9328.2428.6329.6128.4028.20B
Bonito Sour (Onshore)26.2525.7526.0025.5026.0027.2527.0027.5027.7528.7527.5027.50A
Deepwater Sour (Onshore) (30°)24.7524.2524.5024.0024.5025.7525.7526.0026.2527.2526.2526.00F,G
East Texas26.2125.7026.0825.5826.0927.3127.1427.4527.8428.8227.6127.41none
Eugene Island Sour (Onshore)26.0025.5026.0025.5026.0027.2527.0027.2527.7528.7527.5027.25A
Heavy Louisiana Sweet (Onshore)27.0026.5027.0026.5027.0028.2528.0028.2528.7529.7528.5028.25A
Light Louisiana Sweet (Onshore)27.0026.5026.7526.2526.7528.0028.0028.2528.5029.5028.2528.25A
New Mexico Intermediate26.4825.9726.3525.8526.3627.5827.4127.7228.1129.0927.8827.68none
New Mexico Sour (34°)25.6525.1425.5225.0225.5326.7526.5826.8927.2828.2627.0526.85none
North Texas Sweet25.8325.3225.7025.2025.7126.9326.7627.0727.4628.4427.2327.03none
Oklahoma Sour25.6525.1425.5225.0225.5326.7526.5826.8927.2828.2627.0526.85none
Oklahoma Sweet26.7026.1926.5726.0726.5827.8027.6327.9428.3329.3128.1027.90none
South Texas Light Sweet25.1524.6425.0224.5225.0326.2526.0826.3926.7827.7626.5526.35none
Southwest Wyoming Sweet27.5527.0427.4226.9227.4328.6528.4828.7929.1830.1628.9528.75E
Uinta Basin Black Wax23.5022.9923.3722.8723.3824.6024.4324.7425.1326.1124.9024.70B
West Texas Intermediate25.9525.4425.8225.3225.8327.0526.8827.1927.5828.5627.3527.15none
West Texas Sour (34°)25.1724.6625.0424.5425.0526.2726.1026.4126.8027.7826.5726.37none
Western Colorado27.5427.0327.4126.9127.4228.6428.4728.7829.1730.1528.9428.74B
East of the RockiesE95
05/17
E96
05/20
E97
05/21
E98
05/22
E99
05/23
E100
05/24
E101
05/28
E102
05/29
E103
05/30
E104
05/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax28.4328.5827.5826.6226.4026.1325.5226.0124.9225.56 27.2239
Bonito Sour (Onshore)27.5027.7526.7525.7525.5025.2524.7525.2524.0024.75 26.3790
Deepwater Sour (Onshore) (30°)26.2526.2525.2524.2524.2523.7523.2523.7522.7523.25 24.9355
East Texas27.6427.7926.7925.8325.6125.3424.7325.2224.1324.77 26.4339
Eugene Island Sour (Onshore)27.5027.7526.7525.7525.5025.2524.5025.0024.0024.75 26.3145
Heavy Louisiana Sweet (Onshore)28.5028.7527.7526.7526.5026.2525.5026.0025.0025.75 27.3145
Light Louisiana Sweet (Onshore)28.5028.5027.5026.5026.2526.0025.5026.0024.7525.50 27.1613
New Mexico Intermediate27.9128.0627.0626.1025.8825.6125.0025.4924.4025.04 26.7039
New Mexico Sour (34°)27.0827.2326.2325.2725.0524.7824.1724.6623.5724.21 25.8739
North Texas Sweet27.2627.4126.4125.4525.2324.9624.3524.8423.7524.39 26.0539
Oklahoma Sour27.0827.2326.2325.2725.0524.7824.1724.6623.5724.21 25.8739
Oklahoma Sweet28.1328.2827.2826.3226.1025.8325.2225.7124.6225.26 26.9239
South Texas Light Sweet26.5826.7325.7324.7724.5524.2823.6724.1623.0723.71 25.3739
Southwest Wyoming Sweet28.9829.1328.1327.1726.9526.6826.0726.5625.4726.11 27.7739
Uinta Basin Black Wax24.9325.0824.0823.1222.9022.6322.0222.5121.4222.06 23.7239
West Texas Intermediate27.3827.5326.5325.5725.3525.0824.4724.9623.8724.51 26.1739
West Texas Sour (34°)26.6026.7525.7524.7924.5724.3023.6924.1823.0923.73 25.3939
Western Colorado28.9729.1228.1227.1626.9426.6726.0626.5525.4626.10 27.7639
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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