Chevron
North America Crude Oil Marketing - July 2003 Summary East of the Rockies Bulletins 03-E129 to 03-E150, 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 RockiesE129
07/01
E130
07/02
E131
07/03
E132
07/07
E133
07/08
E134
07/09
E135
07/10
E136
07/11
E137
07/14
E138
07/15
E139
07/16
E140
07/17
Gvty
Adj*
Altamont Yellow Wax30.4030.1530.4230.1330.2230.8831.0631.2831.2731.6231.0531.41B
Bonito Sour (Onshore)29.0028.7529.0028.7528.7529.5029.5029.7529.7530.2529.5030.00A
Deepwater Sour (Onshore) (30°)26.7526.5026.7526.5026.5027.2527.2527.5027.5028.0027.2527.75F,G
East Texas31.3531.1031.3731.0831.1731.8332.0132.2332.2232.5732.0032.36none
Eugene Island Sour (Onshore)28.5028.2528.5028.2528.2529.0029.0029.2529.2529.7529.0029.50A
Heavy Louisiana Sweet (Onshore)29.5029.2529.5029.2529.2530.0030.2530.2530.2530.7530.0030.50A
Light Louisiana Sweet (Onshore)29.7529.5029.7529.5029.7530.2530.5030.7530.7531.0030.5030.75A
New Mexico Intermediate31.4831.2331.5031.2131.3031.9632.1432.3632.3532.7032.1332.49none
New Mexico Sour (34°)29.4629.2129.4829.1929.2829.9430.1230.3430.3330.6830.1130.47none
North Texas Sweet30.6130.3630.6330.3430.4331.0931.2731.4931.4831.8331.2631.62none
Oklahoma Sour29.4629.2129.4829.1929.2829.9430.1230.3430.3330.6830.1130.47none
Oklahoma Sweet31.8431.5931.8631.5731.6632.3232.5032.7232.7133.0632.4932.85none
South Texas Light Sweet30.1529.9030.1729.8829.9730.6330.8131.0331.0231.3730.8031.16none
Southwest Wyoming Sweet31.2030.9531.2230.9331.0231.6831.8632.0832.0732.4231.8532.21E
Uinta Basin Black Wax27.1526.9027.1726.8826.9727.6327.8128.0328.0228.3727.8028.16B
West Texas Intermediate30.9430.6930.9630.6730.7631.4231.6031.8231.8132.1631.5931.95none
West Texas Sour (34°)28.9128.6628.9328.6428.7329.3929.5729.7929.7830.1329.5629.92none
Western Colorado31.1930.9431.2130.9231.0131.6731.8532.0732.0632.4131.8432.20B
East of the RockiesE141
07/18
E142
07/21
E143
07/22
E144
07/23
E145
07/24
E146
07/25
E147
07/28
E148
07/29
E149
07/30
E150
07/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax31.9631.7830.1929.6730.2230.1730.1130.2430.6830.54 30.7590
Bonito Sour (Onshore)30.5030.2528.7528.2528.7528.7528.7528.7529.2529.00 29.3065
Deepwater Sour (Onshore) (30°)28.2528.0026.5026.0026.5026.5026.5026.5027.0026.75 27.0565
East Texas32.9132.7331.1430.6231.1731.1231.0631.1931.6331.49 31.7090
Eugene Island Sour (Onshore)30.0029.7528.2527.7528.2528.2528.2528.2528.7528.50 28.8065
Heavy Louisiana Sweet (Onshore)31.0030.7529.2528.7529.2529.2529.2529.2529.7529.50 29.8145
Light Louisiana Sweet (Onshore)31.5031.2529.5029.0029.7529.5029.5029.7530.0030.00 30.1694
New Mexico Intermediate33.0432.8631.2730.7531.3031.2531.1931.3231.7631.62 31.8390
New Mexico Sour (34°)31.0230.8429.2528.7329.2829.2329.1729.3029.7429.60 29.8190
North Texas Sweet32.1731.9930.4029.8830.4330.3830.3230.4530.8930.75 30.9690
Oklahoma Sour31.0230.8429.2528.7329.2829.2329.1729.3029.7429.60 29.8190
Oklahoma Sweet33.4033.2231.6331.1131.6631.6131.5531.6832.1231.98 32.1990
South Texas Light Sweet31.7131.5329.9429.4229.9729.9229.8629.9930.4330.29 30.5090
Southwest Wyoming Sweet32.7632.5830.9930.4731.0230.9730.9131.0431.4831.34 31.5590
Uinta Basin Black Wax28.7128.5326.9426.4226.9726.9226.8626.9927.4327.29 27.5090
West Texas Intermediate32.5032.3230.7330.2130.7630.7130.6530.7831.2231.08 31.2990
West Texas Sour (34°)30.4730.2928.7028.1828.7328.6828.6228.7529.1929.05 29.2690
Western Colorado32.7532.5730.9830.4631.0130.9630.9031.0331.4731.33 31.5490
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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