Chevron
North America Crude Oil Marketing - November 2007 Summary East of the Rockies Bulletins 07-E216 to 07-E236, 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 RockiesE216
11/01
E217
11/02
E218
11/05
E219
11/06
E220
11/07
E221
11/08
E222
11/09
E223
11/12
E224
11/13
E225
11/14
E226
11/15
Gvty
Adj*
Altamont Yellow Wax79.4981.9379.9882.7082.3781.4682.3280.6277.1780.0979.43B
Bonito Sour (Onshore)90.0092.5090.5093.2593.0092.0093.0091.2587.7590.7590.00A
Deepwater Sour (Onshore) (30°)82.7585.2583.2586.0085.7584.7585.7584.0080.5083.5082.75F,G
East Texas90.0092.2590.5093.0092.7592.0092.7591.0087.5090.5089.75none
Eugene Island Sour (Onshore)90.0092.5090.5093.2593.0092.0093.0091.2587.7590.7590.00A
Heavy Louisiana Sweet (Onshore)92.0094.5092.5095.2595.0094.0095.0093.2589.7592.7592.00A
Light Louisiana Sweet (Onshore)93.7596.0094.2597.0096.5095.7596.5094.7591.2594.2593.50A
New Mexico Intermediate90.2592.5090.7593.2593.0092.2593.0091.2587.7590.7590.00none
New Mexico Sour (34°)85.5087.7586.0088.5088.2587.5088.2586.5083.0086.0085.25none
North Texas Sweet90.2592.5090.7593.2593.0092.2593.0091.2587.7590.7590.00none
Oklahoma Sour85.5087.7586.0088.5088.2587.5088.2586.5083.0086.0085.25none
Oklahoma Sweet90.2592.5090.7593.2593.0092.2593.0091.2587.7590.7590.00none
South Texas Light Sweet88.2590.5088.7591.2591.0090.2591.0089.2585.7588.7588.00none
Southwest Wyoming Sweet85.4987.9385.9888.7088.3787.4688.3286.6283.1786.0985.43E
Uinta Basin Black Wax79.4981.9379.9882.7082.3781.4682.3280.6277.1780.0979.43B
West Texas Intermediate90.2592.5090.7593.2593.0092.2593.0091.2587.7590.7590.00none
West Texas Sour (34°)85.5087.7586.0088.5088.2587.5088.2586.5083.0086.0085.25none
Western Colorado83.4985.9383.9886.7086.3785.4686.3284.6281.1784.0983.43B
East of the RockiesE227
11/16
E228
11/19
E229
11/20
E230
11/21
E231
11/23
E232
11/26
E233
11/27
E234
11/28
E235
11/29
E236
11/30
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax81.1080.6484.0383.2984.1883.7080.4276.6277.0174.7181.1870
Bonito Sour (Onshore)91.7591.2594.5093.7594.7594.2591.0087.2587.5085.2591.7667
Deepwater Sour (Onshore) (30°)84.5084.0087.5086.7587.5087.0083.7580.0080.5078.0084.5500
East Texas91.5091.0094.5093.7594.5094.0090.7587.0087.5085.2591.5833
Eugene Island Sour (Onshore)91.7591.2594.5093.7594.7594.2591.0087.2587.5085.2591.7667
Heavy Louisiana Sweet (Onshore)93.7593.2596.7596.0096.7596.2593.0089.2589.7587.2593.8000
Light Louisiana Sweet (Onshore)95.2594.7598.2597.5098.2598.0094.5090.7591.2589.0095.3500
New Mexico Intermediate91.7591.2594.7594.0094.7594.2591.0087.2587.7585.5091.8333
New Mexico Sour (34°)87.0086.5090.0089.2590.0089.5086.2582.5083.0080.7587.0833
North Texas Sweet91.7591.2594.7594.0094.7594.2591.0087.2587.7585.5091.8333
Oklahoma Sour87.0086.5090.0089.2590.0089.5086.2582.5083.0080.7587.0833
Oklahoma Sweet91.7591.2594.7594.0094.7594.2591.0087.2587.7585.5091.8333
South Texas Light Sweet89.7589.2592.7592.0092.7592.2589.0085.2585.7583.5089.8333
Southwest Wyoming Sweet87.1086.6490.0389.2990.1889.7086.4282.6283.0180.7187.1870
Uinta Basin Black Wax81.1080.6484.0383.2984.1883.7080.4276.6277.0174.7181.1870
West Texas Intermediate91.7591.2594.7594.0094.7594.2591.0087.2587.7585.5091.8333
West Texas Sour (34°)87.0086.5090.0089.2590.0089.5086.2582.5083.0080.7587.0833
Western Colorado85.1084.6488.0387.2988.1887.7084.4280.6281.0178.7185.1870
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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