Chevron
North America Crude Oil Marketing - August 2003 Summary East of the Rockies Bulletins 03-E151 to 03-E171, 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 RockiesE151
08/01
E152
08/04
E153
08/05
E154
08/06
E155
08/07
E156
08/08
E157
08/11
E158
08/12
E159
08/13
E160
08/14
E161
08/15
Gvty
Adj*
Altamont Yellow Wax32.3131.8432.2231.7032.3932.1832.0131.9230.7831.0931.05B
Bonito Sour (Onshore)31.0030.5031.0030.5031.2531.0030.7530.7529.5029.7529.75A
Deepwater Sour (Onshore) (30°)29.0028.5028.7528.2529.0028.7528.7528.5027.5027.7527.75F,G
East Texas32.4832.0132.3931.8732.5632.3532.1832.0930.9531.2631.22none
Eugene Island Sour (Onshore)30.7530.2530.7530.2530.7530.7530.5030.5029.2529.5029.50A
Heavy Louisiana Sweet (Onshore)31.5031.0031.2530.7531.5031.2531.2531.0030.0030.2530.25A
Light Louisiana Sweet (Onshore)31.7531.2531.7531.2532.0031.7531.5031.5030.2530.5030.50A
New Mexico Intermediate32.6432.1732.5532.0332.7232.5132.3432.2531.1131.4231.38none
New Mexico Sour (34°)30.6630.1930.5730.0530.7430.5330.3630.2729.1329.4429.40none
North Texas Sweet31.7431.2731.6531.1331.8231.6131.4431.3530.2130.5230.48none
Oklahoma Sour30.6630.1930.5730.0530.7430.5330.3630.2729.1329.4429.40none
Oklahoma Sweet32.9732.5032.8832.3633.0532.8432.6732.5831.4431.7531.71none
South Texas Light Sweet31.3130.8431.2230.7031.3931.1831.0130.9229.7830.0930.05none
Southwest Wyoming Sweet33.1132.6433.0232.5033.1932.9832.8132.7231.5831.8931.85E
Uinta Basin Black Wax29.0628.5928.9728.4529.1428.9328.7628.6727.5327.8427.80B
West Texas Intermediate32.1031.6332.0131.4932.1831.9731.8031.7130.5730.8830.84none
West Texas Sour (34°)30.1129.6430.0229.5030.1929.9829.8129.7228.5828.8928.85none
Western Colorado33.1032.6333.0132.4933.1832.9732.8032.7131.5731.8831.84B
East of the RockiesE162
08/18
E163
08/19
E164
08/20
E165
08/21
E166
08/22
E167
08/25
E168
08/26
E169
08/27
E170
08/28
E171
08/29
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax30.8930.7030.9531.8831.8431.5631.9531.2131.5031.5731.6594
Bonito Sour (Onshore)29.7529.5029.7530.7530.5030.2530.7530.0030.2530.2530.4032
Deepwater Sour (Onshore) (30°)27.5027.2527.5028.5028.5028.2528.5027.7528.0028.2528.2903
East Texas31.0630.8731.1232.0532.0131.7332.1231.3831.6731.7431.8294
Eugene Island Sour (Onshore)29.2529.2529.5030.2530.2530.0030.5029.7530.0030.0030.1290
Heavy Louisiana Sweet (Onshore)30.0029.7530.0031.0031.0030.7531.0030.2530.7530.7530.7984
Light Louisiana Sweet (Onshore)30.5030.2530.5031.5031.2531.0031.5030.7531.0031.0031.1532
New Mexico Intermediate31.2231.0331.2832.2132.1731.8932.2831.5431.8331.9031.9894
New Mexico Sour (34°)29.2429.0529.3030.2330.1929.9130.3029.5629.8529.9230.0094
North Texas Sweet30.3230.1330.3831.3131.2730.9931.3830.6430.9331.0031.0894
Oklahoma Sour29.2429.0529.3030.2330.1929.9130.3029.5629.8529.9230.0094
Oklahoma Sweet31.5531.3631.6132.5432.5032.2232.6131.8732.1632.2332.3194
South Texas Light Sweet29.8929.7029.9530.8830.8430.5630.9530.2130.5030.5730.6594
Southwest Wyoming Sweet31.6931.5031.7532.6832.6432.3632.7532.0132.3032.3732.4594
Uinta Basin Black Wax27.6427.4527.7028.6328.5928.3128.7027.9628.2528.3228.4094
West Texas Intermediate30.6830.4930.7431.6731.6331.3531.7431.0031.2931.3631.4494
West Texas Sour (34°)28.6928.5028.7529.6829.6429.3629.7529.0129.3029.3729.4594
Western Colorado31.6831.4931.7432.6732.6332.3532.7432.0032.2932.3632.4494
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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