Chevron
North America Crude Oil Marketing - December 2006 Summary East of the Rockies Bulletins 06-E235 to 06-E254, 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 RockiesE235
12/01
E236
12/04
E237
12/05
E238
12/06
E239
12/07
E240
12/08
E241
12/11
E242
12/12
E243
12/13
E244
12/14
E245
12/15
Gvty
Adj*
Altamont Yellow Wax49.6848.6948.6848.4448.7448.2847.4747.2747.6248.7649.68B
Bonito Sour (Onshore)59.2558.2558.2558.0058.5058.0057.2557.0057.2558.5059.25A
Deepwater Sour (Onshore) (30°)54.7553.7553.7553.5053.7553.2552.5052.2552.5053.7554.75F,G
East Texas59.7558.7558.7558.5059.0058.5057.7557.5057.7559.0059.75none
Eugene Island Sour (Onshore)59.0058.0058.0057.7558.0057.5056.7556.5056.7558.0059.00A
Heavy Louisiana Sweet (Onshore)62.0061.0061.0060.7561.2560.7560.0059.7560.0061.2562.00A
Light Louisiana Sweet (Onshore)63.0062.0062.0061.7562.0061.5060.7560.5060.7562.0063.00A
New Mexico Intermediate60.0059.0059.0058.7559.2558.7558.0057.7558.0059.2560.00none
New Mexico Sour (34°)55.2554.2554.2554.0054.5054.0053.2553.0053.2554.5055.25none
North Texas Sweet60.0059.0059.0058.7559.2558.7558.0057.7558.0059.2560.00none
Oklahoma Sour55.7754.7854.7754.5354.8354.3753.5653.3653.7154.8555.77none
Oklahoma Sweet61.0260.0360.0259.7860.0859.6258.8158.6158.9660.1061.02none
South Texas Light Sweet58.0057.0057.0056.7557.2556.7556.0055.7556.0057.2558.00none
Southwest Wyoming Sweet60.4359.9459.4359.1959.4959.0358.2258.0258.3759.5160.43E
Uinta Basin Black Wax49.6848.6948.6848.4448.7448.2847.4747.2747.6248.7649.68B
West Texas Intermediate60.0059.0059.0058.7559.2558.7558.0057.7558.0059.2560.00none
West Texas Sour (34°)55.2554.2554.2554.0054.5054.0053.2553.0053.2554.5055.25none
Western Colorado56.0355.8455.0354.7955.0954.6353.8253.6253.9755.1156.03B
East of the RockiesE246
12/18
E247
12/19
E248
12/20
E249
12/21
E250
12/22
E251
12/26
E252
12/27
E253
12/28
E254
12/29
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax48.4649.4049.9748.9148.6647.3546.5946.7847.30 48.4706
Bonito Sour (Onshore)58.2559.0059.7558.5058.2557.0056.2556.5057.00 58.1210
Deepwater Sour (Onshore) (30°)53.5054.2555.0053.7553.5052.2551.5051.7552.25 53.4435
East Texas58.7559.5060.2559.0058.7557.5056.7557.0057.50 58.6210
Eugene Island Sour (Onshore)57.7558.7559.2558.2558.0056.5055.7556.0056.50 57.7419
Heavy Louisiana Sweet (Onshore)61.0061.7562.5061.2561.0059.7559.0059.2559.75 60.8710
Light Louisiana Sweet (Onshore)61.7562.7563.2562.2562.0060.5059.7560.0060.50 61.7419
New Mexico Intermediate59.0059.7560.5059.2559.0057.7557.0057.2557.75 58.8710
New Mexico Sour (34°)54.2555.0055.7554.5054.2553.0052.2552.5053.00 54.1210
North Texas Sweet59.0059.7560.5059.2559.0057.7557.0057.2557.75 58.8710
Oklahoma Sour54.5555.4956.0655.0054.7553.4452.6852.8753.39 54.5606
Oklahoma Sweet59.8060.7461.3160.2560.0058.6957.9358.1258.64 59.8106
South Texas Light Sweet57.0057.7558.5057.2557.0055.7555.0055.2555.75 56.8710
Southwest Wyoming Sweet59.2160.1560.7259.6659.4158.1057.3457.5358.05 59.2368
Uinta Basin Black Wax48.4649.4049.9748.9148.6647.3546.5946.7847.30 48.4706
West Texas Intermediate59.0059.7560.5059.2559.0057.7557.0057.2557.75 58.8710
West Texas Sour (34°)54.2555.0055.7554.5054.2553.0052.2552.5053.00 54.1210
Western Colorado54.8155.7556.3255.2655.0153.7052.9453.1353.65 54.8465
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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