Chevron
North America Crude Oil Marketing - March 2006 Summary California Bulletins 06-CA37 to 06-CA58, 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
CaliforniaAPICA37
03/01
CA38
03/02
CA39
03/03
CA40
03/06
CA41
03/07
CA42
03/08
CA43
03/09
CA44
03/10
CA45
03/13
CA46
03/14
CA47
03/15
CA48
03/16
Buena Vista Hills54.7556.1056.4055.1554.3052.7553.2052.7554.5555.9055.0056.40
Coalinga50.2551.6051.9050.6549.8048.2548.7048.2550.0551.4050.5051.90
Huntington Beach51.5052.8553.1551.9051.0549.5049.9549.5051.3052.6551.7553.15
Kettleman Hills57.8559.2059.5058.2557.4055.8556.3055.8557.6559.0058.1059.50
Lost Hills56.5057.8558.1556.9056.0554.5054.9554.5056.3057.6556.7558.15
McKittrick49.5550.9051.2049.9549.1047.5548.0047.5549.3550.7049.8051.20
Midway Sunset49.5550.9051.2049.9549.1047.5548.0047.5549.3550.7049.8051.20
Pt Arguello (onshore)46.7048.0548.3547.1046.2544.7045.1544.7046.5047.8546.9548.35
San Ardo46.6047.9548.2547.0046.1544.6045.0544.6046.4047.7546.8548.25
Seal Beach55.6557.0057.3056.0555.2053.6554.1053.6555.4556.8055.9057.30
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°API0.03750.03750.03750.03750.03750.03750.03750.03750.03750.03750.03750.0375
CaliforniaAPICA49
03/17
CA50
03/20
CA51
03/21
CA52
03/22
CA53
03/23
CA54
03/24
CA55
03/28
CA56
03/29
CA57
03/30
CA58
03/31
 Mthly
Avg
Buena Vista Hills55.6053.3053.4553.6556.0556.9058.8559.2560.0059.55 55.6145
Coalinga51.1048.8048.9549.1551.5552.4054.3554.7555.5055.05 51.1145
Huntington Beach52.3550.0550.2050.4052.8053.6555.6056.0056.7556.30 52.3645
Kettleman Hills58.7056.4056.5556.7559.1560.0061.9562.3563.1062.65 58.7145
Lost Hills57.3555.0555.2055.4057.8058.6560.6061.0061.7561.30 57.3645
McKittrick50.4048.1048.2548.4550.8551.7053.6554.0554.8054.35 50.4145
Midway Sunset50.4048.1048.2548.4550.8551.7053.6554.0554.8054.35 50.4145
Pt Arguello (onshore)47.5545.2545.4045.6048.0048.8550.8051.2051.9551.50 47.5645
San Ardo47.4545.1545.3045.5047.9048.7550.7051.1051.8551.40 47.4645
Seal Beach56.5054.2054.3554.5556.9557.8059.7560.1560.9060.45 56.5145
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°API0.03750.03750.03750.03750.03750.03750.03750.03750.03750.0375 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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