Chevron
North America Crude Oil Marketing - June 2003 Summary California Bulletins 03-CA92 to 03-CA109, 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
CaliforniaAPICA92
06/02
CA93
06/04
CA94
06/05
CA95
06/06
CA96
06/09
CA97
06/10
CA98
06/11
CA99
06/12
CA100
06/13
CA101
06/16
Asphalto28.1027.6028.3528.8529.1029.3530.1029.1028.3528.85
Belridge Hvy (under 28°)25.4024.9025.6526.1526.4026.6527.4026.4025.6526.15
Belridge Lt (over 28°)28.0027.5028.2528.7529.0029.2530.0029.0028.2528.75
Buena Vista Hills27.2026.7027.4527.9528.2028.4529.2028.2027.4527.95
Cal Canal28.9028.4029.1529.6529.9030.1530.9029.9029.1529.65
Coalinga25.7025.2025.9526.4526.7026.9527.7026.7025.9526.45
Cymric25.1024.6025.3525.8526.1026.3527.1026.1025.3525.85
Huntington Beach26.0025.5026.2526.7527.0027.2528.0027.0026.2526.75
Kern River25.2524.7525.5026.0026.2526.5027.2526.2525.5026.00
Kettleman Hills28.3027.8028.5529.0529.3029.5530.3029.3028.5529.05
Lost Hills27.9527.4528.2028.7028.9529.2029.9528.9528.2028.70
McKittrick25.2524.7525.5026.0026.2526.5027.2526.2525.5026.00
Midway Sunset25.2524.7525.5026.0026.2526.5027.2526.2525.5026.00
Montebello26.8526.3527.1027.6027.8528.1028.8527.8527.1027.60
Pt Arguello (onshore)21.5521.0521.8022.3022.5522.8023.5522.5521.8022.30
Railroad Gap28.0027.5028.2528.7529.0029.2530.0029.0028.2528.75
San Ardo23.7523.2524.0024.5024.7525.0025.7524.7524.0024.50
Seal Beach27.6027.1027.8528.3528.6028.8529.6028.6027.8528.35
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.01500.01500.01500.01500.01500.01500.01500.01500.01500.0150
CaliforniaAPICA102
06/18
CA103
06/19
CA104
06/20
CA105
06/23
CA106
06/25
CA107
06/26
CA108
06/27
CA109
06/30
 Mthly
Avg
Asphalto28.1027.6028.3527.8528.1027.6027.3527.85 28.2750
Belridge Hvy (under 28°)25.4024.9025.6525.1525.4024.9024.6525.15 25.5750
Belridge Lt (over 28°)28.0027.5028.2527.7528.0027.5027.2527.75 28.1750
Buena Vista Hills27.2026.7027.4526.9527.2026.7026.4526.95 27.3750
Cal Canal28.9028.4029.1528.6528.9028.4028.1528.65 29.0750
Coalinga25.7025.2025.9525.4525.7025.2024.9525.45 25.8750
Cymric25.1024.6025.3524.8525.1024.6024.3524.85 25.2750
Huntington Beach26.0025.5026.2525.7526.0025.5025.2525.75 26.1750
Kern River25.2524.7525.5025.0025.2524.7524.5025.00 25.4250
Kettleman Hills28.3027.8028.5528.0528.3027.8027.5528.05 28.4750
Lost Hills27.9527.4528.2027.7027.9527.4527.2027.70 28.1250
McKittrick25.2524.7525.5025.0025.2524.7524.5025.00 25.4250
Midway Sunset25.2524.7525.5025.0025.2524.7524.5025.00 25.4250
Montebello26.8526.3527.1026.6026.8526.3526.1026.60 27.0250
Pt Arguello (onshore)21.5521.0521.8021.3021.5521.0520.8021.30 21.7250
Railroad Gap28.0027.5028.2527.7528.0027.5027.2527.75 28.1750
San Ardo23.7523.2524.0023.5023.7523.2523.0023.50 23.9250
Seal Beach27.6027.1027.8527.3527.6027.1026.8527.35 27.7750
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.01500.01500.01500.01500.01500.01500.01500.0150 0.0150
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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