Chevron
North America Crude Oil Marketing - April 2003 Summary East of the Rockies Bulletins 03-E65 to 03-E85, 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 RockiesE65
04/01
E66
04/02
E67
04/03
E68
04/04
E69
04/07
E70
04/08
E71
04/09
E72
04/10
E73
04/11
E74
04/14
E75
04/15
Gvty
Adj*
Altamont Yellow Wax29.7828.5628.9728.6227.9628.0028.8527.4628.1428.6329.29B
Bonito Sour (Onshore)27.2526.0026.5026.0025.5025.5026.2525.0025.5026.0026.75A
Deepwater Sour (Onshore) (30°)23.5022.2522.7522.2521.5021.7522.5021.0021.7522.2523.00F,G
East Texas31.2530.0330.4430.0929.4329.4730.3228.9329.6130.1030.76none
Eugene Island Sour (Onshore)26.5025.2525.5025.2524.5024.7525.5024.0024.7525.2526.00A
Heavy Louisiana Sweet (Onshore)29.0027.7528.2528.0027.2527.2528.2526.7527.5028.0028.50A
Light Louisiana Sweet (Onshore)29.5028.2528.7528.2527.7527.7528.5027.2527.7528.2529.00A
New Mexico Intermediate31.5930.3730.7830.4329.7729.8130.6629.2729.9530.4431.10none
New Mexico Sour (34°)26.9425.7226.1325.7825.1225.1626.0124.6225.3025.7926.45none
North Texas Sweet30.5129.2929.7029.3528.6928.7329.5828.1928.8729.3630.02none
Oklahoma Sour26.9425.7226.1325.7825.1225.1626.0124.6225.3025.7926.45none
Oklahoma Sweet31.7430.5230.9330.5829.9229.9630.8129.4230.1030.5931.25none
South Texas Light Sweet30.2629.0429.4529.1028.4428.4829.3327.9428.6229.1129.77none
Southwest Wyoming Sweet30.5829.3629.7729.4228.7628.8029.6528.2628.9429.4330.09E
Uinta Basin Black Wax26.5325.3125.7225.3724.7124.7525.6024.2124.8925.3826.04B
West Texas Intermediate31.0429.8230.2329.8829.2229.2630.1128.7229.4029.8930.55none
West Texas Sour (34°)26.4825.2625.6725.3224.6624.7025.5524.1624.8425.3325.99none
Western Colorado30.5729.3529.7629.4128.7528.7929.6428.2528.9329.4230.08B
East of the RockiesE76
04/16
E77
04/17
E78
04/21
E79
04/22
E80
04/23
E81
04/24
E82
04/25
E83
04/28
E84
04/29
E85
04/30
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax29.1830.5530.8729.9126.6526.6426.2625.4925.2425.8028.2847
Bonito Sour (Onshore)26.7528.0028.2527.2524.0024.0023.7523.0022.7523.2525.7250
Deepwater Sour (Onshore) (30°)22.7524.2524.5023.5020.2520.2520.0019.2519.0019.5021.9500
East Texas30.6532.0232.3431.3828.1228.1127.7326.9626.7127.2729.7547
Eugene Island Sour (Onshore)25.7527.2527.5026.5023.2523.2523.0022.0021.7522.5024.9250
Heavy Louisiana Sweet (Onshore)28.5029.7530.2529.2526.0026.0025.5024.7524.5025.0027.5750
Light Louisiana Sweet (Onshore)29.0030.2530.5029.5026.2526.2526.0025.2525.0025.5027.9750
New Mexico Intermediate30.9932.3632.6831.7228.4628.4528.0727.3027.0527.6130.0947
New Mexico Sour (34°)26.3427.7128.0327.0723.8123.8023.4222.6522.4022.9625.4447
North Texas Sweet29.9131.2831.6030.6427.3827.3726.9926.2225.9726.5329.0147
Oklahoma Sour26.3427.7128.0327.0723.8123.8023.4222.6522.4022.9625.4447
Oklahoma Sweet31.1432.5132.8331.8728.6128.6028.2227.4527.2027.7630.2447
South Texas Light Sweet29.6631.0331.3530.3927.1327.1226.7425.9725.7226.2828.7647
Southwest Wyoming Sweet29.9831.3531.6730.7127.4527.4427.0626.2926.0426.6029.0847
Uinta Basin Black Wax25.9327.3027.6226.6623.4023.3923.0122.2421.9922.5525.0347
West Texas Intermediate30.4431.8132.1331.1727.9127.9027.5226.7526.5027.0629.5447
West Texas Sour (34°)25.8827.2527.5726.6123.3523.3422.9622.1921.9422.5024.9847
Western Colorado29.9731.3431.6630.7027.4427.4327.0526.2826.0326.5929.0747
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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