Chevron
North America Crude Oil Marketing - March 2005 Summary East of the Rockies Bulletins 05-E41 to 05-E62, 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 RockiesE41
03/01
E42
03/02
E43
03/03
E44
03/04
E45
03/07
E46
03/08
E47
03/09
E48
03/10
E49
03/11
E50
03/14
E51
03/15
E52
03/16
Gvty
Adj*
Altamont Yellow Wax51.1852.5553.0753.2853.3954.0954.2753.0453.9354.4554.5555.96B
Bonito Sour (Onshore)47.2548.5049.0049.2549.5050.0050.2549.0049.7550.2550.5051.75A
Deepwater Sour (Onshore) (30°)44.0045.5046.0046.2546.2547.0047.2546.0046.7547.2547.2548.75F,G
East Texas48.0049.5050.0050.2550.2551.0051.2550.0051.0051.5051.5053.00none
Eugene Island Sour (Onshore)47.2548.7549.2549.2549.5050.2550.2549.0049.7550.5050.5052.00A
Heavy Louisiana Sweet (Onshore)49.2550.7551.2551.5051.5052.2552.5051.2552.0052.5052.5054.00A
Light Louisiana Sweet (Onshore)50.5052.0052.5052.7552.7553.5053.7552.5053.2553.7553.7555.25A
New Mexico Intermediate50.7452.1152.6352.8452.9553.6553.8352.6053.3453.8653.9655.37none
New Mexico Sour (34°)45.9447.3147.8348.0448.1548.8549.0347.8048.5449.0649.1650.57none
North Texas Sweet48.2549.7550.2550.5050.5051.2551.5050.2551.2551.7551.7553.25none
Oklahoma Sour45.9447.3147.8348.0448.1548.8549.0347.8048.5449.0649.1650.57none
Oklahoma Sweet51.1252.4953.0153.2253.3354.0354.2152.9853.7254.2454.3455.75none
South Texas Light Sweet46.2547.7548.2548.5048.5049.2549.5048.2549.2549.7549.7551.25none
Southwest Wyoming Sweet52.7354.1054.6254.8354.9455.6455.8254.5955.4856.0056.1057.51E
Uinta Basin Black Wax48.4349.8050.3250.5350.6451.3451.5250.2951.1851.7051.8053.21B
West Texas Intermediate48.2549.7550.2550.5050.5051.2551.5050.2551.2551.7551.7553.25none
West Texas Sour (34°)43.5045.0045.5045.7545.7546.5046.7545.5046.5047.0047.0048.50none
Western Colorado52.4753.8454.3654.5754.6855.3855.5654.3355.2255.7455.8457.25B
East of the RockiesE53
03/17
E54
03/18
E55
03/21
E56
03/22
E57
03/23
E58
03/24
E59
03/28
E60
03/29
E61
03/30
E62
03/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax55.9056.2256.1255.5353.3154.3453.5553.7353.4954.90 54.2171
Bonito Sour (Onshore)51.7552.0052.0051.5049.2550.2549.5049.5049.2550.75 50.1129
Deepwater Sour (Onshore) (30°)48.7549.0049.0048.2546.0047.0046.2546.5046.2547.75 47.0323
East Texas52.7553.2553.0052.5050.0051.2550.5050.7550.5051.75 51.1694
Eugene Island Sour (Onshore)51.7552.2552.0051.5049.2550.2549.5049.7549.5050.75 50.1935
Heavy Louisiana Sweet (Onshore)54.0054.2554.0053.5051.2552.2551.5051.7551.5053.00 52.2742
Light Louisiana Sweet (Onshore)55.0055.5055.2554.7552.5053.5052.7553.0052.7554.00 53.5081
New Mexico Intermediate55.3155.6355.5354.9452.7253.7552.9653.1452.9054.31 53.6755
New Mexico Sour (34°)50.5150.8350.7350.1447.9248.9548.1648.3448.1049.51 48.8755
North Texas Sweet53.0053.5053.2552.7550.2551.5050.7551.0050.7552.00 51.4194
Oklahoma Sour50.5150.8350.7350.1447.9248.9548.1648.3448.1049.51 48.8755
Oklahoma Sweet55.6956.0155.9155.3253.1054.1353.3453.5253.2854.69 54.0555
South Texas Light Sweet51.0051.5051.2550.7548.2549.5048.7549.0048.7550.00 49.4194
Southwest Wyoming Sweet57.4557.7757.6757.0854.8655.8955.1055.2855.0456.45 55.7671
Uinta Basin Black Wax53.1553.4753.3752.7850.5651.5950.8050.9850.7452.15 51.4671
West Texas Intermediate53.0053.5053.2552.7550.2551.5050.7551.0050.7552.00 51.4194
West Texas Sour (34°)48.2548.7548.5048.0045.5046.7546.0046.2546.0047.25 46.6694
Western Colorado57.1957.5157.4156.8254.6055.6354.8455.0254.7856.19 55.5071
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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