Chevron
North America Crude Oil Marketing - October 2003 Summary East of the Rockies Bulletins 03-E194 to 03-E216, 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 RockiesE194
10/01
E195
10/02
E196
10/03
E197
10/06
E198
10/07
E199
10/08
E200
10/09
E201
10/10
E202
10/13
E203
10/14
E204
10/15
E205
10/16
Gvty
Adj*
Altamont Yellow Wax29.3929.8430.4030.4730.4129.8131.0131.9731.9531.8231.7731.54B
Bonito Sour (Onshore)28.2528.7529.2529.5029.2528.7530.0031.0031.0030.7530.7530.50A
Deepwater Sour (Onshore) (30°)25.7526.2526.7526.7526.7526.2527.2528.2528.2528.2528.0028.00F,G
East Texas29.0129.4630.0230.0930.0329.4330.6331.5931.5731.4431.3931.16none
Eugene Island Sour (Onshore)27.7528.2528.7528.7528.7528.0029.2530.2530.2530.2530.0029.75A
Heavy Louisiana Sweet (Onshore)29.0029.5030.0030.0030.0029.5030.7531.5031.5031.5031.5031.25A
Light Louisiana Sweet (Onshore)29.2529.7530.5030.5030.5029.7531.0032.0032.0031.7531.7531.50A
New Mexico Intermediate29.2329.6830.2430.3130.2529.6530.8531.8131.7931.6631.6131.38none
New Mexico Sour (34°)26.6427.0927.6527.7227.6627.0628.2629.2229.2029.0729.0228.79none
North Texas Sweet28.2728.7229.2829.3529.2928.6929.8930.8530.8330.7030.6530.42none
Oklahoma Sour26.6427.0927.6527.7227.6627.0628.2629.2229.2029.0729.0228.79none
Oklahoma Sweet29.5029.9530.5130.5830.5229.9231.1232.0832.0631.9331.8831.65none
South Texas Light Sweet27.9028.3528.9128.9828.9228.3229.5230.4830.4630.3330.2830.05none
Southwest Wyoming Sweet30.1930.6431.2031.2731.2130.6131.8132.7732.7532.6232.5732.34E
Uinta Basin Black Wax26.6427.0927.6527.7227.6627.0628.2629.2229.2029.0729.0228.79B
West Texas Intermediate28.6929.1429.7029.7729.7129.1130.3131.2731.2531.1231.0730.84none
West Texas Sour (34°)26.0926.5427.1027.1727.1126.5127.7128.6728.6528.5228.4728.24none
Western Colorado30.1830.6331.1931.2631.2030.6031.8032.7632.7432.6132.5632.33B
East of the RockiesE206
10/17
E207
10/20
E208
10/21
E209
10/22
E210
10/23
E211
10/24
E212
10/27
E213
10/28
E214
10/29
E215
10/30
E216
10/31
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax30.6830.3530.1829.9230.3030.1629.9229.5628.9128.4729.1130.4632
Bonito Sour (Onshore)29.7529.2529.2528.7529.2529.0028.7528.5027.7527.5028.0029.4032
Deepwater Sour (Onshore) (30°)27.0026.7526.5026.2526.7526.5026.2526.0025.2524.7525.5026.8065
East Texas30.3029.9729.8029.5429.9229.7829.5429.1828.5328.0928.7330.0832
Eugene Island Sour (Onshore)29.0028.7528.5028.2528.5028.5028.2527.7527.2526.7527.5028.7742
Heavy Louisiana Sweet (Onshore)30.2530.0029.7529.5030.0029.7529.5029.2528.5028.0028.7530.0726
Light Louisiana Sweet (Onshore)30.7530.2530.2530.0030.2530.2530.0029.5029.0028.5029.0030.4839
New Mexico Intermediate30.5230.1930.0229.7630.1430.0029.7629.4028.7528.3128.9530.3032
New Mexico Sour (34°)27.9327.6027.4327.1727.5527.4127.1726.8126.1625.7226.3627.7132
North Texas Sweet29.5629.2329.0628.8029.1829.0428.8028.4427.7927.3527.9929.3432
Oklahoma Sour27.9327.6027.4327.1727.5527.4127.1726.8126.1625.7226.3627.7132
Oklahoma Sweet30.7930.4630.2930.0330.4130.2730.0329.6729.0228.5829.2230.5732
South Texas Light Sweet29.1928.8628.6928.4328.8128.6728.4328.0727.4226.9827.6228.9732
Southwest Wyoming Sweet31.4831.1530.9830.7231.1030.9630.7230.3629.7129.2729.9131.2632
Uinta Basin Black Wax27.9327.6027.4327.1727.5527.4127.1726.8126.1625.7226.3627.7132
West Texas Intermediate29.9829.6529.4829.2229.6029.4629.2228.8628.2127.7728.4129.7632
West Texas Sour (34°)27.3827.0526.8826.6227.0026.8626.6226.2625.6125.1725.8127.1632
Western Colorado31.4731.1430.9730.7131.0930.9530.7130.3529.7029.2629.9031.2532
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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