Chevron
North America Crude Oil Marketing - September 2006 Summary California Bulletins 06-CA161 to 06-CA180, 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
CaliforniaAPICA161
09/01
CA162
09/05
CA163
09/06
CA164
09/07
CA165
09/08
CA166
09/11
CA167
09/12
CA168
09/13
CA169
09/14
CA170
09/15
CA171
09/18
Buena Vista Hills63.1562.5561.3561.1560.1559.5057.6557.8557.1057.2057.65
Coalinga58.3557.7556.5556.3555.3554.7052.8553.0552.3052.4052.85
Huntington Beach59.7059.1057.9057.7056.7056.0554.2054.4053.6553.7554.20
Kettleman Hills66.4065.8064.6064.4063.4062.7560.9061.1060.3560.4560.90
Lost Hills65.0064.4063.2063.0062.0061.3559.5059.7058.9559.0559.50
McKittrick57.6557.0555.8555.6554.6554.0052.1552.3551.6051.7052.15
Midway Sunset57.6557.0555.8555.6554.6554.0052.1552.3551.6051.7052.15
Pt Arguello (onshore)54.7054.1052.9052.7051.7051.0549.2049.4048.6548.7549.20
San Ardo54.6054.0052.8052.6051.6050.9549.1049.3048.5548.6549.10
Seal Beach64.1063.5062.3062.1061.1060.4558.6058.8058.0558.1558.60
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04000.04000.04000.04000.04000.04000.04000.04000.04000.04000.0400
CaliforniaAPICA172
09/19
CA173
09/20
CA174
09/21
CA175
09/22
CA176
09/25
CA177
09/26
CA178
09/27
CA179
09/28
CA180
09/29
 Mthly
Avg
Buena Vista Hills55.5054.3054.9053.9054.5554.1056.3056.3556.75 58.0217
Coalinga50.7049.5050.1049.1049.7549.3051.5051.5551.95 53.2217
Huntington Beach52.0550.8551.4550.4551.1050.6552.8552.9053.30 54.5717
Kettleman Hills58.7557.5558.1557.1557.8057.3559.5559.6060.00 61.2717
Lost Hills57.3556.1556.7555.7556.4055.9558.1558.2058.60 59.8717
McKittrick50.0048.8049.4048.4049.0548.6050.8050.8551.25 52.5217
Midway Sunset50.0048.8049.4048.4049.0548.6050.8050.8551.25 52.5217
Pt Arguello (onshore)47.0545.8546.4545.4546.1045.6547.8547.9048.30 49.5717
San Ardo46.9545.7546.3545.3546.0045.5547.7547.8048.20 49.4717
Seal Beach56.4555.2555.8554.8555.5055.0557.2557.3057.70 58.9717
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.04000.04000.04000.04000.04000.04000.04000.04000.0400 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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