Chevron
North America Crude Oil Marketing - October 2007 Summary California Bulletins 07-CA184 to 07-CA206, 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
CaliforniaAPICA184
10/01
CA185
10/02
CA186
10/03
CA187
10/04
CA188
10/05
CA189
10/08
CA190
10/09
CA191
10/10
CA192
10/11
CA193
10/12
CA194
10/15
CA195
10/16
Buena Vista Hills75.2075.0574.9576.4076.1573.9575.2076.2078.0078.6081.0582.50
Coalinga69.8569.7069.6071.0570.8068.6069.8570.8572.6573.2575.7077.15
Huntington Beach71.4071.2571.1572.6072.3570.1571.4072.4074.2074.8077.2578.70
Kettleman Hills78.7078.5578.4579.9079.6577.4578.7079.7081.5082.1084.5586.00
Lost Hills76.9576.8076.7078.1577.9075.7076.9577.9579.7580.3582.8084.25
McKittrick69.1068.9568.8570.3070.0567.8569.1070.1071.9072.5074.9576.40
Midway Sunset69.1068.9568.8570.3070.0567.8569.1070.1071.9072.5074.9576.40
Seal Beach76.2076.0575.9577.4077.1574.9576.2077.2079.0079.6082.0583.50
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
CaliforniaAPICA196
10/17
CA197
10/18
CA198
10/19
CA199
10/22
CA200
10/23
CA201
10/24
CA202
10/25
CA203
10/26
CA204
10/29
CA205
10/30
CA206
10/31
Mthly
Avg
Buena Vista Hills82.3084.3583.4582.3580.0581.8585.2086.4088.0584.8588.9080.6516
Coalinga76.9579.0078.1077.0074.7076.5079.8581.0582.7079.5083.5575.3016
Huntington Beach78.5080.5579.6578.5576.2578.0581.4082.6084.2581.0585.1076.8516
Kettleman Hills85.8087.8586.9585.8583.5585.3588.7089.9091.5588.3592.4084.1516
Lost Hills84.0586.1085.2084.1081.8083.6086.9588.1589.8086.6090.6582.4016
McKittrick76.2078.2577.3576.2573.9575.7579.1080.3081.9578.7582.8074.5516
Midway Sunset76.2078.2577.3576.2573.9575.7579.1080.3081.9578.7582.8074.5516
Seal Beach83.3085.3584.4583.3581.0582.8586.2087.4089.0585.8589.9081.6516
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
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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