Chevron
North America Crude Oil Marketing - June 2005 Summary East of the Rockies Bulletins 05-E106 to 05-E127, 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 RockiesE106
06/01
E107
06/02
E108
06/03
E109
06/06
E110
06/07
E111
06/08
E112
06/09
E113
06/10
E114
06/13
E115
06/14
E116
06/15
E117
06/16
Gvty
Adj*
Altamont Yellow Wax54.1053.1354.5353.9953.2652.0453.7853.0455.1254.5055.0756.08B
Bonito Sour (Onshore)50.0049.0050.5049.7549.2548.0049.7549.0051.0050.2551.0052.00A
Deepwater Sour (Onshore) (30°)47.5046.5047.7547.2546.5045.2547.0046.2548.5047.7548.2549.25F,G
East Texas51.0050.0051.5051.0050.2549.0050.7550.0052.0051.5052.0053.00none
Eugene Island Sour (Onshore)49.7548.7550.0049.5048.7547.5049.2548.5050.7550.0050.5051.50A
Heavy Louisiana Sweet (Onshore)52.0051.0052.5051.7551.0050.0051.7551.0053.0052.2553.0054.00A
Light Louisiana Sweet (Onshore)53.2552.5053.7553.2552.5051.2553.0052.2554.5053.7554.2555.25A
New Mexico Intermediate53.0552.0853.4852.9452.2150.9952.7351.9954.0753.4554.0255.03none
New Mexico Sour (34°)49.5048.5349.9349.3948.6647.4449.1848.4450.5249.9050.4751.48none
North Texas Sweet51.2550.2551.7551.2550.5049.2551.0050.2552.2551.7552.2553.25none
Oklahoma Sour49.5048.5349.9349.3948.6647.4449.1848.4450.5249.9050.4751.48none
Oklahoma Sweet52.9251.9553.3552.8152.0850.8652.6051.8653.9453.3253.8954.90none
South Texas Light Sweet49.2548.2549.7549.2548.5047.2549.0048.2550.2549.7550.2551.25none
Southwest Wyoming Sweet55.6554.6856.0855.5454.8153.5955.3354.5956.6756.0556.6257.63E
Uinta Basin Black Wax51.3550.3851.7851.2450.5149.2951.0350.2952.3751.7552.3253.33B
West Texas Intermediate51.2550.2551.7551.2550.5049.2551.0050.2552.2551.7552.2553.25none
West Texas Sour (34°)46.5045.5047.0046.5045.7544.5046.2545.5047.5047.0047.5048.50none
Western Colorado55.3954.4255.8255.2854.5553.3355.0754.3356.4155.7956.3657.37B
East of the RockiesE118
06/17
E119
06/20
E120
06/21
E121
06/22
E122
06/23
E123
06/24
E124
06/27
E125
06/28
E126
06/29
E127
06/30
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax57.9758.8758.4057.5958.9259.3460.0457.7056.7656.00 55.9997
Bonito Sour (Onshore)53.7554.7554.2553.5054.7555.2556.0053.5052.7551.75 51.8917
Deepwater Sour (Onshore) (30°)51.2552.2551.7551.0052.2552.7553.2551.0050.0049.25 49.2833
East Texas55.0055.7555.5054.5055.7556.2557.0054.7553.7553.00 52.9583
Eugene Island Sour (Onshore)53.5054.5054.0053.2554.5055.0055.5053.2552.2551.50 51.5333
Heavy Louisiana Sweet (Onshore)55.7556.7556.2555.5056.7557.2558.0055.5054.5053.75 53.8750
Light Louisiana Sweet (Onshore)57.2558.2557.7556.7558.2558.5059.2557.0056.0055.25 55.2417
New Mexico Intermediate56.9257.8257.3556.5457.8758.2958.9956.6555.7154.95 54.9497
New Mexico Sour (34°)53.3754.2753.8052.9954.3254.7455.4453.1052.1651.40 51.3997
North Texas Sweet55.2556.0055.7554.7556.0056.5057.2555.0054.0053.25 53.2083
Oklahoma Sour53.3754.2753.8052.9954.3254.7455.4453.1052.1651.40 51.3997
Oklahoma Sweet56.7957.6957.2256.4157.7458.1658.8656.5255.5854.82 54.8197
South Texas Light Sweet53.2554.0053.7552.7554.0054.5055.2553.0052.0051.25 51.2083
Southwest Wyoming Sweet59.5260.4259.9559.1460.4760.8961.5959.2558.3157.55 57.5497
Uinta Basin Black Wax55.2256.1255.6554.8456.1756.5957.2954.9554.0153.25 53.2497
West Texas Intermediate55.2556.0055.7554.7556.0056.5057.2555.0054.0053.25 53.2083
West Texas Sour (34°)50.5051.2551.0050.0051.2551.7552.5050.2549.2548.50 48.4583
Western Colorado59.2660.1659.6958.8860.2160.6361.3358.9958.0557.29 57.2897
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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