Chevron
North America Crude Oil Marketing - June 2005 Summary California Bulletins 05-CA85 to 05-CA106, 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
CaliforniaAPICA85
06/01
CA86
06/02
CA87
06/03
CA88
06/06
CA89
06/07
CA90
06/08
CA91
06/09
CA92
06/10
CA93
06/13
CA94
06/14
CA95
06/15
CA96
06/16
Buena Vista Hills47.0546.0547.4547.0046.3045.1046.9546.4548.5547.9548.6049.60
Coalinga42.6041.6043.0042.5541.8540.6542.5042.0544.1543.5544.2045.20
Huntington Beach43.8542.8544.2543.8043.1041.9043.7543.3045.4044.8045.4546.45
Kettleman Hills50.1049.1050.5050.0549.3548.1550.0049.4551.5550.9551.6052.60
Lost Hills48.8047.8049.2048.7548.0546.8548.7048.1550.2549.6550.3051.30
McKittrick41.9040.9042.3041.8541.1539.9541.8041.4043.5042.9043.5544.55
Midway Sunset41.9040.9042.3041.8541.1539.9541.8041.4043.5042.9043.5544.55
Pt Arguello (onshore)38.3037.3038.7038.2537.5536.3538.2037.8039.9039.3039.9540.95
San Ardo39.5538.5539.9539.5038.8037.6039.4539.0541.1540.5541.2042.20
Seal Beach47.9546.9548.3547.9047.2046.0047.8547.3049.4048.8049.4550.45
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04000.04000.04000.04000.04000.04000.04000.03500.03500.03500.03500.0350
CaliforniaAPICA97
06/17
CA98
06/20
CA99
06/21
CA100
06/22
CA101
06/23
CA102
06/24
CA103
06/27
CA104
06/28
CA105
06/29
CA106
06/30
 Mthly
Avg
Buena Vista Hills51.6052.5052.0050.9552.3552.7553.5551.3050.4549.75 49.3583
Coalinga47.2048.1047.6046.5547.9548.3549.1546.9046.0545.40 44.9450
Huntington Beach48.4549.3548.8547.8049.2049.6050.4048.1547.3046.65 46.1950
Kettleman Hills54.6055.5055.0053.9555.3555.7556.5554.3053.4552.70 52.3717
Lost Hills53.3054.2053.7052.6554.0554.4555.2553.0052.1551.45 51.0733
McKittrick46.5547.4546.9545.9047.3047.7048.5046.2545.4044.75 44.2800
Midway Sunset46.5547.4546.9545.9047.3047.7048.5046.2545.4044.75 44.2800
Pt Arguello (onshore)42.9543.8543.3542.3043.7044.1044.9042.6541.8041.15 40.6800
San Ardo44.2045.1044.6043.5544.9545.3546.1543.9043.0542.30 41.9267
Seal Beach52.4553.3552.8551.8053.2053.6054.4052.1551.3050.60 50.2233
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.03500.03500.03500.03500.03500.03500.03500.03500.03500.0350 0.0365
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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