Chevron
North America Crude Oil Marketing - April 2005 Summary California Bulletins 05-CA49 to 05-CA66, 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
CaliforniaAPICA49
04/01
CA50
04/04
CA51
04/05
CA52
04/06
CA53
04/07
CA54
04/08
CA55
04/11
CA56
04/12
CA57
04/13
CA58
04/14
Buena Vista Hills48.9048.6547.6547.4545.7045.0045.4043.6042.0042.90
Coalinga44.4544.2043.2043.0041.2540.5540.9539.1537.5538.45
Huntington Beach45.7045.4544.4544.2542.5041.8042.2040.4038.8039.70
Kettleman Hills51.9051.6550.6550.4548.7048.0048.4046.6045.0045.90
Lost Hills50.6050.3549.3549.1547.4046.7047.1045.3043.7044.60
McKittrick43.8043.5542.5542.3540.6039.9040.3038.5036.9037.80
Midway Sunset43.8043.5542.5542.3540.6039.9040.3038.5036.9037.80
Pt Arguello (onshore)40.0039.7538.7538.5536.8036.1036.5034.7033.1034.00
San Ardo41.4041.1540.1539.9538.2037.5037.9036.1034.5035.40
Seal Beach49.7549.5048.5048.3046.5545.8546.2544.4542.8543.75
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.03500.03500.03500.03500.03500.03500.03500.03500.03500.0350
CaliforniaAPICA59
04/15
CA60
04/19
CA61
04/20
CA62
04/22
CA63
04/25
CA64
04/26
CA65
04/27
CA66
04/29
 Mthly
Avg
Buena Vista Hills42.3044.1044.4046.7046.1045.9043.7041.80 45.0083
Coalinga37.8539.6539.9542.2541.6541.4539.2537.35 40.5583
Huntington Beach39.1040.9041.2043.5042.9042.7040.5038.60 41.8083
Kettleman Hills45.3047.1047.4049.7049.1048.9046.7044.80 48.0083
Lost Hills44.0045.8046.1048.4047.8047.6045.4043.50 46.7083
McKittrick37.2039.0039.3041.6041.0040.8038.6036.70 39.9083
Midway Sunset37.2039.0039.3041.6041.0040.8038.6036.70 39.9083
Pt Arguello (onshore)33.4035.2035.6037.9037.3037.1034.9033.00 36.1450
San Ardo34.8036.6036.9039.2038.6038.4036.2034.30 37.5083
Seal Beach43.1544.9545.2547.5546.9546.7544.5542.65 45.8583
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.03500.03500.03500.03500.03500.03500.03500.0350 0.0350
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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