Chevron
North America Crude Oil Marketing - September 2003 Summary East of the Rockies Bulletins 03-E172 to 03-E193, 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 RockiesE172
09/01
E173
09/02
E174
09/03
E175
09/04
E176
09/05
E177
09/08
E178
09/09
E179
09/10
E180
09/11
E181
09/12
E182
09/15
E183
09/16
Gvty
Adj*
Altamont Yellow Wax31.5729.4129.4928.9828.8828.8529.1829.3528.8228.2728.1427.56B
Bonito Sour (Onshore)30.5028.2528.2527.7527.7527.7528.0028.2527.7527.2527.0026.50A
Deepwater Sour (Onshore) (30°)28.2526.0026.0025.5025.5025.5025.7526.0025.5024.7524.7524.25F,G
East Texas31.3529.1929.2728.7628.6628.6328.9629.1328.6028.0527.9227.34none
Eugene Island Sour (Onshore)30.0028.0028.0027.5027.2527.2527.7527.7527.2526.7526.7526.00A
Heavy Louisiana Sweet (Onshore)30.7528.7528.7528.2528.2528.2528.5028.7528.0027.5027.5026.75A
Light Louisiana Sweet (Onshore)31.2529.0029.2528.7528.5028.5028.7529.0028.5028.0027.7527.25A
New Mexico Intermediate31.4729.3129.3928.8828.7828.7529.0829.2528.7228.1728.0427.46none
New Mexico Sour (34°)29.2027.0427.1226.6126.5126.4826.8126.9826.4525.9025.7725.19none
North Texas Sweet30.6128.4528.5328.0227.9227.8928.2228.3927.8627.3127.1826.60none
Oklahoma Sour29.2027.0427.1226.6126.5126.4826.8126.9826.4525.9025.7725.19none
Oklahoma Sweet31.8429.6829.7629.2529.1529.1229.4529.6229.0928.5428.4127.83none
South Texas Light Sweet30.1427.9828.0627.5527.4527.4227.7527.9227.3926.8426.7126.13none
Southwest Wyoming Sweet32.3730.2130.2929.7829.6829.6529.9830.1529.6229.0728.9428.36E
Uinta Basin Black Wax28.3226.1626.2425.7325.6325.6025.9326.1025.5725.0224.8924.31B
West Texas Intermediate30.9328.7728.8528.3428.2428.2128.5428.7128.1827.6327.5026.92none
West Texas Sour (34°)28.6526.4926.5726.0625.9625.9326.2626.4325.9025.3525.2224.64none
Western Colorado32.3630.2030.2829.7729.6729.6429.9730.1429.6129.0628.9328.35B
East of the RockiesE184
09/17
E185
09/18
E186
09/19
E187
09/22
E188
09/23
E189
09/24
E190
09/25
E191
09/26
E192
09/29
E193
09/30
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax27.0327.1727.0326.9627.1328.2428.2928.1628.4029.20 28.3597
Bonito Sour (Onshore)26.0026.0026.0025.7526.0027.0027.2527.0027.2528.00 27.2417
Deepwater Sour (Onshore) (30°)23.5023.7523.5023.5023.7524.7524.7524.7525.0025.75 24.9250
East Texas26.8126.9526.8126.7426.9128.0228.0727.9428.1828.98 28.1397
Eugene Island Sour (Onshore)25.5025.7525.5025.5025.5026.7526.7526.7527.0027.75 26.8500
Heavy Louisiana Sweet (Onshore)26.2526.5026.2526.2526.5027.5027.5027.5027.7528.50 27.6500
Light Louisiana Sweet (Onshore)26.7526.7526.7526.5026.7528.0028.0027.7528.0028.75 28.0167
New Mexico Intermediate26.9327.0726.9326.8627.0328.1428.1928.0628.3029.10 28.2597
New Mexico Sour (34°)24.6624.8024.6624.5924.7625.8725.9225.7926.0326.83 25.9897
North Texas Sweet26.0726.2126.0726.0026.1727.2827.3327.2027.4428.24 27.3997
Oklahoma Sour24.6624.8024.6624.5924.7625.8725.9225.7926.0326.83 25.9897
Oklahoma Sweet27.3027.4427.3027.2327.4028.5128.5628.4328.6729.47 28.6297
South Texas Light Sweet25.6025.7425.6025.5325.7026.8126.8626.7326.9727.77 26.9297
Southwest Wyoming Sweet27.8327.9727.8327.7627.9329.0429.0928.9629.2030.00 29.1597
Uinta Basin Black Wax23.7823.9223.7823.7123.8824.9925.0424.9125.1525.95 25.1097
West Texas Intermediate26.3926.5326.3926.3226.4927.6027.6527.5227.7628.56 27.7197
West Texas Sour (34°)24.1124.2524.1124.0424.2125.3225.3725.2425.4826.28 25.4397
Western Colorado27.8227.9627.8227.7527.9229.0329.0828.9529.1929.99 29.1497
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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