Chevron
North America Crude Oil Marketing - June 2003 Summary East of the Rockies Bulletins 03-E107 to 03-E128, 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 RockiesE107
06/01
E108
06/02
E109
06/03
E110
06/04
E111
06/05
E112
06/06
E113
06/09
E114
06/10
E115
06/11
E116
06/12
E117
06/13
E118
06/16
Gvty
Adj*
Altamont Yellow Wax29.5630.7130.6730.0530.7431.2831.4531.7332.3631.5130.6531.18B
Bonito Sour (Onshore)28.7530.0030.0029.2530.0030.5030.7531.0031.5030.7529.7530.50A
Deepwater Sour (Onshore) (30°)27.0028.2528.2527.5028.2528.7529.0029.2529.7529.0028.0028.75F,G
East Texas29.5230.6730.6330.0130.7031.2431.4131.6932.3231.4730.6131.14none
Eugene Island Sour (Onshore)28.2529.5029.5028.7529.5030.0030.2530.5031.2530.2529.5030.00A
Heavy Louisiana Sweet (Onshore)29.0030.2530.0029.5030.2530.7530.7531.2531.7531.0030.0030.50A
Light Louisiana Sweet (Onshore)29.2530.5030.5029.7530.5031.0031.2531.5032.2531.2530.5031.00A
New Mexico Intermediate29.7230.8730.8330.2130.9031.4431.6131.8932.5231.6730.8131.34none
New Mexico Sour (34°)28.5129.6629.6229.0029.6930.2330.4030.6831.3130.4629.6030.13none
North Texas Sweet28.7829.9329.8929.2729.9630.5030.6730.9531.5830.7329.8730.40none
Oklahoma Sour28.5129.6629.6229.0029.6930.2330.4030.6831.3130.4629.6030.13none
Oklahoma Sweet30.0131.1631.1230.5031.1931.7331.9032.1832.8131.9631.1031.63none
South Texas Light Sweet28.3929.5429.5028.8829.5730.1130.2830.5631.1930.3429.4830.01none
Southwest Wyoming Sweet30.3631.5131.4730.8531.5432.0832.2532.5333.1632.3131.4531.98E
Uinta Basin Black Wax26.3127.4627.4226.8027.4928.0328.2028.4829.1128.2627.4027.93B
West Texas Intermediate29.1830.3330.2929.6730.3630.9031.0731.3531.9831.1330.2730.80none
West Texas Sour (34°)27.9629.1129.0728.4529.1429.6829.8530.1330.7629.9129.0529.58none
Western Colorado30.3531.5031.4630.8431.5332.0732.2432.5233.1532.3031.4431.97B
East of the RockiesE119
06/17
E120
06/18
E121
06/19
E122
06/20
E123
06/23
E124
06/24
E125
06/25
E126
06/26
E127
06/27
E128
06/30
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax31.0730.3629.9630.8229.1728.7829.9529.0129.2730.19 30.4837
Bonito Sour (Onshore)30.2529.5029.2530.0028.5028.0029.2528.2528.5029.50 29.7083
Deepwater Sour (Onshore) (30°)28.5027.7527.5028.2526.7526.2527.5026.5026.7527.75 27.9583
East Texas31.0330.3229.9230.7829.1328.7429.9128.9729.2330.15 30.4437
Eugene Island Sour (Onshore)29.7529.2528.7529.5028.0027.5028.7527.7528.0029.00 29.2500
Heavy Louisiana Sweet (Onshore)30.5029.7529.5030.2528.5028.2529.2528.5028.7529.50 29.9083
Light Louisiana Sweet (Onshore)30.7530.2529.7530.5029.0028.5029.7528.7529.0030.00 30.2500
New Mexico Intermediate31.2330.5230.1230.9829.3328.9430.1129.1729.4330.35 30.6437
New Mexico Sour (34°)30.0229.3128.9129.7728.1227.7328.9027.9628.2229.14 29.4337
North Texas Sweet30.2929.5829.1830.0428.3928.0029.1728.2328.4929.41 29.7037
Oklahoma Sour30.0229.3128.9129.7728.1227.7328.9027.9628.2229.14 29.4337
Oklahoma Sweet31.5230.8130.4131.2729.6229.2330.4029.4629.7230.64 30.9337
South Texas Light Sweet29.9029.1928.7929.6528.0027.6128.7827.8428.1029.02 29.3137
Southwest Wyoming Sweet31.8731.1630.7631.6229.9729.5830.7529.8130.0730.99 31.2837
Uinta Basin Black Wax27.8227.1126.7127.5725.9225.5326.7025.7626.0226.94 27.2337
West Texas Intermediate30.6929.9829.5830.4428.7928.4029.5728.6328.8929.81 30.1037
West Texas Sour (34°)29.4728.7628.3629.2227.5727.1828.3527.4127.6728.59 28.8837
Western Colorado31.8631.1530.7531.6129.9629.5730.7429.8030.0630.98 31.2737
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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