Chevron
North America Crude Oil Marketing - July 2005 Summary East of the Rockies Bulletins 05-E128 to 05-E147, 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 RockiesE128
07/01
E129
07/05
E130
07/06
E131
07/07
E132
07/08
E133
07/11
E134
07/12
E135
07/13
E136
07/14
E137
07/15
E138
07/18
Gvty
Adj*
Altamont Yellow Wax58.2559.0960.7860.2359.1358.4260.1259.5157.3057.5956.82B
Bonito Sour (Onshore)55.5056.2558.0057.2556.2555.5057.2556.7554.5054.7554.00A
Deepwater Sour (Onshore) (30°)52.5053.2555.0054.5053.2552.5054.2553.7551.5051.7551.00F,G
East Texas55.0056.0057.7557.0056.0055.5057.0056.2554.2554.5053.75none
Eugene Island Sour (Onshore)55.2556.0057.7557.2556.0055.2557.0056.5054.2554.5053.75A
Heavy Louisiana Sweet (Onshore)56.5057.5059.0058.5057.5056.7558.5057.7555.5056.0055.25A
Light Louisiana Sweet (Onshore)57.7558.7560.2559.7558.7558.0059.7559.0056.7557.2556.50A
New Mexico Intermediate57.8558.6960.3859.8358.7358.0259.7259.1156.9057.1956.42none
New Mexico Sour (34°)55.0155.8557.5456.9955.8955.1856.8856.2754.0654.3553.58none
North Texas Sweet55.2556.2558.0057.2556.2555.7557.2556.5054.5054.7554.00none
Oklahoma Sour55.0155.8557.5456.9955.8955.1856.8856.2754.0654.3553.58none
Oklahoma Sweet57.7658.6060.2959.7458.6457.9359.6359.0256.8157.1056.33none
South Texas Light Sweet53.2554.2556.0055.2554.2553.7555.2554.5052.5052.7552.00none
Southwest Wyoming Sweet59.8060.6462.3361.7860.6859.9761.6761.0658.8559.1458.37E
Uinta Basin Black Wax55.5056.3458.0357.4856.3855.6757.3756.7654.5554.8454.07B
West Texas Intermediate55.2556.2558.0057.2556.2555.7557.2556.5054.5054.7554.00none
West Texas Sour (34°)50.5051.5053.2552.5051.5051.0052.5051.7549.7550.0049.25none
Western Colorado59.5460.3862.0761.5260.4259.7161.4160.8058.5958.8858.11B
East of the RockiesE139
07/19
E140
07/20
E141
07/21
E142
07/22
E143
07/25
E144
07/26
E145
07/27
E146
07/28
E147
07/29
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax56.9656.2256.6358.1558.5058.7058.6159.4460.07 58.5532
Bonito Sour (Onshore)54.0053.2553.7555.2555.7555.7555.7556.5057.25 55.7016
Deepwater Sour (Onshore) (30°)51.2550.5050.7552.2552.7553.0052.7553.7554.25 52.7419
East Texas54.0053.2553.5055.5055.5055.7555.5056.2557.00 55.4919
Eugene Island Sour (Onshore)53.7553.0053.5055.0055.5055.5055.5056.2557.00 55.4597
Heavy Louisiana Sweet (Onshore)55.2554.5055.0056.5056.7557.0057.0057.7558.50 56.8871
Light Louisiana Sweet (Onshore)56.5055.7556.2557.7558.0058.2558.2559.0059.75 58.1371
New Mexico Intermediate56.5655.8256.2357.7558.1058.3058.2159.0459.67 58.1532
New Mexico Sour (34°)53.7252.9853.3954.9155.2655.4655.3756.2056.83 55.3132
North Texas Sweet54.2553.5053.7555.7555.7556.0055.7556.5057.25 55.7419
Oklahoma Sour53.7252.9853.3954.9155.2655.4655.3756.2056.83 55.3132
Oklahoma Sweet56.4755.7356.1457.6658.0158.2158.1258.9559.58 58.0632
South Texas Light Sweet52.2551.5051.7553.7553.7554.0053.7554.5055.25 53.7419
Southwest Wyoming Sweet58.5157.7758.1859.7060.0560.2560.1660.9961.62 60.1032
Uinta Basin Black Wax54.2153.4753.8855.4055.7555.9555.8656.6957.32 55.8032
West Texas Intermediate54.2553.5053.7555.7555.7556.0055.7556.5057.25 55.7419
West Texas Sour (34°)49.5048.7549.0051.0051.0051.2551.0051.7552.50 50.9919
Western Colorado58.2557.5157.9259.4459.7959.9959.9060.7361.36 59.8432
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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