Chevron
North America Crude Oil Marketing - February 2006 Summary California Bulletins 06-CA19 to 06-CA36, 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
CaliforniaAPICA19
02/01
CA20
02/02
CA21
02/03
CA22
02/06
CA23
02/07
CA24
02/08
CA25
02/10
CA26
02/13
CA27
02/14
CA28
02/15
Buena Vista Hills59.9057.9558.6558.4056.4055.8055.0554.4552.7550.75
Coalinga55.4053.4554.1553.9051.9051.3050.5549.9548.2546.25
Huntington Beach56.6554.7055.4055.1553.1552.5551.8051.2049.5047.50
Kettleman Hills63.0061.0561.7561.5059.5058.9058.1557.5555.8553.85
Lost Hills61.6559.7060.4060.1558.1557.5556.8056.2054.5052.50
McKittrick54.7052.7553.4553.2051.2050.6049.8549.2547.5545.55
Midway Sunset54.7052.7553.4553.2051.2050.6049.8549.2547.5545.55
Pt Arguello (onshore)51.8549.9050.6050.3548.3547.7547.0046.4044.7042.70
San Ardo51.7549.8050.5050.2548.2547.6546.9046.3044.6042.60
Seal Beach60.8058.8559.5559.3057.3056.7055.9555.3553.6551.65
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.03750.03750.03750.03750.03750.03750.03750.03750.03750.0375
CaliforniaAPICA29
02/16
CA30
02/17
CA31
02/21
CA32
02/22
CA33
02/23
CA34
02/24
CA35
02/27
CA36
02/28
 Mthly
Avg
Buena Vista Hills51.5052.9554.0552.4552.0055.0553.3553.95 54.9125
Coalinga47.0048.4549.5547.9547.5050.5548.8549.45 50.4125
Huntington Beach48.2549.7050.8049.2048.7551.8050.1050.70 51.6625
Kettleman Hills54.6056.0557.1555.5555.1058.1556.4557.05 58.0125
Lost Hills53.2554.7055.8054.2053.7556.8055.1055.70 56.6625
McKittrick46.3047.7548.8547.2546.8049.8548.1548.75 49.7125
Midway Sunset46.3047.7548.8547.2546.8049.8548.1548.75 49.7125
Pt Arguello (onshore)43.4544.9046.0044.4043.9547.0045.3045.90 46.8625
San Ardo43.3544.8045.9044.3043.8546.9045.2045.80 46.7625
Seal Beach52.4053.8554.9553.3552.9055.9554.2554.85 55.8125
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.03750.03750.03750.03750.03750.03750.03750.0375 0.0375
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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