Chevron
North America Crude Oil Marketing - January 2006 Summary East of the Rockies Bulletins 06-E1 to 06-E21, 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 RockiesE1
01/01
E2
01/03
E3
01/04
E4
01/05
E5
01/06
E6
01/09
E7
01/10
E8
01/11
E9
01/12
E10
01/13
E11
01/17
Gvty
Adj*
Altamont Yellow Wax59.5461.6461.9261.2962.7162.0061.8762.4462.4462.4264.81B
Bonito Sour (Onshore)56.5058.5058.7558.2559.5058.7558.7559.2559.2559.2561.75A
Deepwater Sour (Onshore) (30°)52.2554.2554.5054.0055.2554.5054.5055.0055.0055.0057.50F,G
East Texas57.5059.5059.7559.2560.7560.0059.7560.2560.2560.2562.75none
Eugene Island Sour (Onshore)55.7557.7558.2557.5059.0058.2558.0058.7558.7558.7561.00A
Heavy Louisiana Sweet (Onshore)56.2558.5058.7558.0059.5058.7558.7559.2559.2559.2561.50A
Light Louisiana Sweet (Onshore)60.2562.2562.5062.0063.2562.5062.5063.0063.0063.0065.50A
New Mexico Intermediate57.7559.7560.0059.5061.0060.2560.0060.5060.5060.5063.00none
New Mexico Sour (34°)53.0055.0055.2554.7556.2555.5055.2555.7555.7555.7558.25none
North Texas Sweet57.7559.7560.0059.5061.0060.2560.0060.5060.5060.5063.00none
Oklahoma Sour54.8956.9957.2756.6458.0657.3557.2257.7957.7957.7760.16none
Oklahoma Sweet60.0962.1962.4761.8463.2662.5562.4262.9962.9962.9765.36none
South Texas Light Sweet55.7557.7558.0057.5059.0058.2558.0058.5058.5058.5061.00none
Southwest Wyoming Sweet61.7963.8964.1763.5464.9664.2564.1264.6964.6964.6767.06E
Uinta Basin Black Wax55.5457.6457.9257.2958.7158.0057.8758.4458.4458.4260.81B
West Texas Intermediate57.7559.7560.0059.5061.0060.2560.0060.5060.5060.5063.00none
West Texas Sour (34°)53.0055.0055.2554.7556.2555.5055.2555.7555.7555.7558.25none
Western Colorado61.5363.6363.9163.2864.7063.9963.8664.4364.4364.4166.80B
East of the RockiesE12
01/18
E13
01/19
E14
01/20
E15
01/23
E16
01/24
E17
01/25
E18
01/26
E19
01/27
E20
01/30
E21
01/31
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax64.2365.3366.8566.6065.5664.3564.7666.2666.8566.4263.8300
Bonito Sour (Onshore)61.0062.2563.7563.5062.5061.2561.7563.2563.7563.2560.7097
Deepwater Sour (Onshore) (30°)56.7558.0059.5059.2558.2557.0057.2558.7559.5059.0056.4274
East Texas62.2563.2564.7564.5063.5062.2562.7564.2564.7564.2561.7500
Eugene Island Sour (Onshore)60.5061.5063.0062.7561.7560.5061.0062.5063.0062.7560.0645
Heavy Louisiana Sweet (Onshore)61.0062.2563.7563.5062.2561.2561.5063.0063.7563.2560.6371
Light Louisiana Sweet (Onshore)64.7566.0067.5067.2566.2565.0065.2566.7567.5067.0064.4274
New Mexico Intermediate62.5063.5065.0064.7563.7562.5063.0064.5065.0064.5062.0000
New Mexico Sour (34°)57.7558.7560.2560.0059.0057.7558.2559.7560.2559.7557.2500
North Texas Sweet62.5063.5065.0064.7563.7562.5063.0064.5065.0064.5062.0000
Oklahoma Sour59.5860.6862.2061.9560.9159.7060.1161.6162.2061.7759.1800
Oklahoma Sweet64.7865.8867.4067.1566.1164.9065.3166.8167.4066.9764.3800
South Texas Light Sweet60.5061.5063.0062.7561.7560.5061.0062.5063.0062.5060.0000
Southwest Wyoming Sweet66.4867.5869.1068.8567.8166.6067.0168.5169.1068.6766.0800
Uinta Basin Black Wax60.2361.3362.8562.6061.5660.3560.7662.2662.8562.4259.8300
West Texas Intermediate62.5063.5065.0064.7563.7562.5063.0064.5065.0064.5062.0000
West Texas Sour (34°)57.7558.7560.2560.0059.0057.7558.2559.7560.2559.7557.2500
Western Colorado66.2267.3268.8468.5967.5566.3466.7568.2568.8468.4165.8200
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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