Chevron
North America Crude Oil Marketing - April 2004 Summary California Bulletins 04-CA50 to 04-CA65, 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
CaliforniaAPICA50
04/01
CA51
04/06
CA52
04/07
CA53
04/08
CA54
04/12
CA55
04/13
CA56
04/14
CA57
04/15
CA58
04/16
Asphalto32.5033.2534.5035.5036.0035.5035.0035.7536.00
Belridge Hvy (under 28°)28.0028.7530.0031.0031.5031.0030.5031.2531.50
Belridge Lt (over 28°)32.2032.9534.2035.2035.7035.2034.7035.4535.70
Buena Vista Hills30.9531.7032.9533.9534.4533.9533.4534.2034.45
Cal Canal33.4034.1535.4036.4036.9036.4035.9036.6536.90
Coalinga28.3029.0530.3031.3031.8031.3030.8031.5531.80
Cymric27.4528.2029.4530.4530.9530.4529.9530.7030.95
Huntington Beach29.0529.8031.0532.0532.5532.0531.5532.3032.55
Kern River27.7528.5029.7530.7531.2530.7530.2531.0031.25
Kettleman Hills32.8033.5534.8035.8036.3035.8035.3036.0536.30
Lost Hills32.1032.8534.1035.1035.6035.1034.6035.3535.60
McKittrick27.7528.5029.7530.7531.2530.7530.2531.0031.25
Midway Sunset27.7528.5029.7530.7531.2530.7530.2531.0031.25
Montebello30.2030.9532.2033.2033.7033.2032.7033.4533.70
Pt Arguello (onshore)24.2525.0026.2527.2527.7527.2526.7527.5027.75
Railroad Gap32.3533.1034.3535.3535.8535.3534.8535.6035.85
San Ardo26.0526.8028.0529.0529.5529.0528.5529.3029.55
Seal Beach31.5532.3033.5534.5535.0534.5534.0534.8035.05
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.02500.02500.02500.02500.02500.02500.02500.02500.0250
CaliforniaAPICA59
04/19
CA60
04/21
CA61
04/22
CA62
04/23
CA63
04/26
CA64
04/27
CA65
04/29
 Mthly
Avg
Asphalto35.7535.0035.7535.5035.7536.2536.00 35.0500
Belridge Hvy (under 28°)31.2530.5031.2531.0031.2531.7531.50 30.5500
Belridge Lt (over 28°)35.4534.7035.4535.2035.4535.9535.70 34.7500
Buena Vista Hills34.2033.4534.2033.9534.2034.7034.45 33.5000
Cal Canal36.6535.9036.6536.4036.6537.1536.90 35.9500
Coalinga31.5530.8031.5531.3031.5532.0531.80 30.8500
Cymric30.7029.9530.7030.4530.7031.2030.95 30.0000
Huntington Beach32.3031.5532.3032.0532.3032.8032.55 31.6000
Kern River31.0030.2531.0030.7531.0031.5031.25 30.3000
Kettleman Hills36.0535.3036.0535.8036.0536.5536.30 35.3500
Lost Hills35.3534.6035.3535.1035.3535.8535.60 34.6500
McKittrick31.0030.2531.0030.7531.0031.5031.25 30.3000
Midway Sunset31.0030.2531.0030.7531.0031.5031.25 30.3000
Montebello33.4532.7033.4533.2033.4533.9533.70 32.7500
Pt Arguello (onshore)27.5026.7527.5027.2527.5028.0027.75 26.8000
Railroad Gap35.6034.8535.6035.3535.6036.1035.85 34.9000
San Ardo29.3028.5529.3029.0529.3029.8029.55 28.6000
Seal Beach34.8034.0534.8034.5534.8035.3035.05 34.1000
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.02500.02500.02500.02500.02500.02500.0250 0.0250
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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