Chevron
North America Crude Oil Marketing - September 2002 Summary California Bulletins 02-CA85 to 02-CA94, 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
CaliforniaAPICA85
09/03
CA86
09/04
CA87
09/05
CA88
09/06
CA89
09/12
CA90
09/13
Asphalto25.7025.9526.7027.2026.7027.70
Belridge Hvy (under 28°)23.3523.6024.3524.8524.3525.35
Belridge Lt (over 28°)25.6525.9026.6527.1526.6527.65
Buena Vista Hills24.9525.2025.9526.4525.9526.95
Cal Canal26.4526.7027.4527.9527.4528.45
Coalinga23.6523.9024.6525.1524.6525.65
Cymric23.1523.4024.1524.6524.1525.15
Huntington Beach24.0024.2525.0025.5025.0026.00
Kern River23.2523.5024.2524.7524.2525.25
Kettleman Hills25.8526.1026.8527.3526.8527.85
Lost Hills25.6025.8526.6027.1026.6027.60
McKittrick23.2523.5024.2524.7524.2525.25
Midway Sunset23.2523.5024.2524.7524.2525.25
Montebello24.6524.9025.6526.1525.6526.65
Pt Arguello (onshore)19.9020.1520.9021.4020.9021.90
Railroad Gap25.6525.9026.6527.1526.6527.65
San Ardo21.9022.1522.9023.4022.9023.90
Seal Beach25.3025.5526.3026.8026.3027.30
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.0100
Below 34.0°API0.01000.01000.01000.01000.01000.0100
CaliforniaAPICA91
09/17
CA92
09/18
CA93
09/23
CA94
09/26
 Mthly
Avg
Asphalto26.9527.2028.3528.10 27.3817
Belridge Hvy (under 28°)24.6024.8525.6525.40 24.9383
Belridge Lt (over 28°)26.9027.1528.2528.00 27.3183
Buena Vista Hills26.2026.4527.4527.20 26.5917
Cal Canal27.7027.9529.1528.90 28.1450
Coalinga24.9025.1525.9525.70 25.2383
Cymric24.4024.6525.3525.10 24.7117
Huntington Beach25.2525.5026.3526.10 25.6017
Kern River24.5024.7525.5025.25 24.8250
Kettleman Hills27.1027.3528.5528.30 27.5450
Lost Hills26.8527.1028.2027.95 27.2683
McKittrick24.5024.7525.5025.25 24.8250
Midway Sunset24.5024.7525.5025.25 24.8250
Montebello25.9026.1527.1026.85 26.2783
Pt Arguello (onshore)21.1521.4022.1521.90 21.4750
Railroad Gap26.9027.1528.2528.00 27.3183
San Ardo23.1523.4024.1023.85 23.4617
Seal Beach26.5526.8027.8527.60 26.9550
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.0100 0.0100
Below 34.0°API0.01000.01000.01500.0150 0.0113
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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