Chevron
North America Crude Oil Marketing - October 2006 Summary California Bulletins 06-CA181 to 06-CA202, 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
CaliforniaAPICA181
10/02
CA182
10/03
CA183
10/04
CA184
10/05
CA185
10/06
CA186
10/09
CA187
10/10
CA188
10/11
CA189
10/12
CA190
10/13
CA191
10/16
CA192
10/17
Buena Vista Hills54.8552.5053.2053.8053.5553.7552.3051.4051.6552.3553.7052.70
Coalinga50.0547.7048.4049.0048.7548.9547.5046.6046.8547.5548.9047.90
Huntington Beach51.4049.0549.7550.3550.1050.3048.8547.9548.2048.9050.2549.25
Kettleman Hills58.1055.7556.4557.0556.8057.0055.5554.6554.9055.6056.9555.95
Lost Hills56.7054.3555.0555.6555.4055.6054.1553.2553.5054.2055.5554.55
McKittrick49.3547.0047.7048.3048.0548.2546.8045.9046.1546.8548.2047.20
Midway Sunset49.3547.0047.7048.3048.0548.2546.8045.9046.1546.8548.2047.20
Pt Arguello (onshore)46.4044.0544.7545.3545.1045.3043.8542.9543.2043.9045.2544.25
San Ardo46.3043.9544.6545.2545.0045.2043.7542.8543.1043.8045.1544.15
Seal Beach55.8053.4554.1554.7554.5054.7053.2552.3552.6053.3054.6553.65
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°API0.04000.04000.04000.04000.04000.04000.04000.04000.04000.04000.04000.0400
CaliforniaAPICA193
10/18
CA194
10/19
CA195
10/20
CA196
10/23
CA197
10/24
CA198
10/25
CA199
10/26
CA200
10/27
CA201
10/30
CA202
10/31
 Mthly
Avg
Buena Vista Hills51.4052.2050.5050.9051.2053.2052.6553.5551.6552.40 52.6468
Coalinga46.6047.4045.7046.1046.4048.4047.8548.7546.8547.60 47.8468
Huntington Beach47.9548.7547.0547.4547.7549.7549.2050.1048.2048.95 49.1968
Kettleman Hills54.6555.4553.7554.1554.4556.4555.9056.8054.9055.65 55.8968
Lost Hills53.2554.0552.3552.7553.0555.0554.5055.4053.5054.25 54.4968
McKittrick45.9046.7045.0045.4045.7047.7047.1548.0546.1546.90 47.1468
Midway Sunset45.9046.7045.0045.4045.7047.7047.1548.0546.1546.90 47.1468
Pt Arguello (onshore)42.9543.7542.0542.4542.7544.7544.2045.1043.2043.95 44.1968
San Ardo42.8543.6541.9542.3542.6544.6544.1045.0043.1043.85 44.0968
Seal Beach52.3553.1551.4551.8552.1554.1553.6054.5052.6053.35 53.5968
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°API0.04000.04000.04000.04000.04000.04000.04000.04000.04000.0400 0.0400
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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