Chevron
North America Crude Oil Marketing - January 2007 Summary East of the Rockies Bulletins 07-E1 to 07-E22, 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 RockiesE1
01/01
E2
01/02
E3
01/03
E4
01/04
E5
01/05
E6
01/08
E7
01/09
E8
01/10
E9
01/11
E10
01/12
E11
01/16
E12
01/17
Gvty
Adj*
Altamont Yellow Wax47.4547.4544.7241.9942.7142.4942.0440.4238.2839.3937.6138.64B
Bonito Sour (Onshore)58.7558.7556.0053.2554.0053.7553.2551.7549.5050.7549.0050.00A
Deepwater Sour (Onshore) (30°)53.2553.2550.5047.7548.5048.2547.7546.2544.0045.0043.2544.25F,G
East Texas57.5057.5054.7552.0052.7552.5052.0050.5048.2549.5047.7548.75none
Eugene Island Sour (Onshore)58.2558.2555.5052.7553.5053.2552.7551.2549.0050.2548.5049.50A
Heavy Louisiana Sweet (Onshore)61.2561.2558.5056.0056.5056.5056.0054.2552.2553.2551.5052.50A
Light Louisiana Sweet (Onshore)62.2562.2559.5056.7557.5057.2557.0055.2553.2554.2552.5053.50A
New Mexico Intermediate57.7557.7555.0052.2553.0052.7552.2550.7548.5049.7548.0049.00none
New Mexico Sour (34°)53.0053.0050.2547.5048.2548.0047.5046.0043.7545.0043.2544.25none
North Texas Sweet57.7557.7555.0052.2553.0052.7552.2550.7548.5049.7548.0049.00none
Oklahoma Sour55.2155.2152.4849.7550.4750.2549.8048.1846.0447.1545.3746.40none
Oklahoma Sweet59.7559.7557.0254.2955.0154.7954.3452.7250.5851.6949.9150.94none
South Texas Light Sweet55.7555.7553.0050.2551.0050.7550.2548.7546.5047.7546.0047.00none
Southwest Wyoming Sweet57.5557.5554.8252.0952.8152.5952.1450.5248.3849.4947.7148.74E
Uinta Basin Black Wax47.4547.4544.7241.9942.7142.4942.0440.4238.2839.3937.6138.64B
West Texas Intermediate57.7557.7555.0052.2553.0052.7552.2550.7548.5049.7548.0049.00none
West Texas Sour (34°)53.0053.0050.2547.5048.2548.0047.5046.0043.7545.0043.2544.25none
Western Colorado54.2554.2551.5248.7949.5149.2948.8447.2245.0846.1944.4145.44B
East of the RockiesE13
01/18
E14
01/19
E15
01/22
E16
01/23
E17
01/24
E18
01/25
E19
01/26
E20
01/29
E21
01/30
E22
01/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax36.8838.3937.5341.4441.7740.6341.8240.4143.3744.54 41.0961
Bonito Sour (Onshore)48.2549.7548.7552.7553.0052.0053.0051.7554.7555.75 52.3952
Deepwater Sour (Onshore) (30°)42.5044.0043.2547.2547.5046.2547.5046.2549.0050.25 46.7984
East Texas47.0048.5047.5051.5051.7550.7551.7550.5053.5054.50 51.1452
Eugene Island Sour (Onshore)47.7549.2548.2552.2552.5051.5052.5051.2554.2555.25 51.8952
Heavy Louisiana Sweet (Onshore)50.7552.2551.5055.2555.7554.5055.7554.2557.2558.50 54.9758
Light Louisiana Sweet (Onshore)51.7553.2552.5056.2556.7555.5056.7555.2558.2559.50 55.9597
New Mexico Intermediate47.2548.7547.7551.7552.0051.0052.0050.7553.7554.75 51.3952
New Mexico Sour (34°)42.5044.0043.0047.0047.2546.2547.2546.0049.0050.00 46.6452
North Texas Sweet47.2548.7547.7551.7552.0051.0052.0050.7553.7554.75 51.3952
Oklahoma Sour44.6446.1545.2949.2049.5348.3949.5848.1751.1352.30 48.8561
Oklahoma Sweet49.1850.6949.8353.7454.0752.9354.1252.7155.6756.84 53.3961
South Texas Light Sweet45.2546.7545.7549.7550.0049.0050.0048.7551.7552.75 49.3952
Southwest Wyoming Sweet46.9848.4947.6351.5451.8750.7351.9250.5153.4754.64 51.1961
Uinta Basin Black Wax36.8838.3937.5341.4441.7740.6341.8240.4143.3744.54 41.0961
West Texas Intermediate47.2548.7547.7551.7552.0051.0052.0050.7553.7554.75 51.3952
West Texas Sour (34°)42.5044.0043.0047.0047.2546.2547.2546.0049.0050.00 46.6452
Western Colorado43.6845.1944.3348.2448.5747.4348.6247.2150.1751.34 47.8961
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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