Chevron
North America Crude Oil Marketing - February 2007 Summary East of the Rockies Bulletins 07-E23 to 07-E41, 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 RockiesE23
02/01
E24
02/02
E25
02/05
E26
02/06
E27
02/07
E28
02/08
E29
02/09
E30
02/12
E31
02/13
E32
02/14
Gvty
Adj*
Altamont Yellow Wax43.9545.6745.3945.5344.3646.3646.5444.4645.7144.65B
Bonito Sour (Onshore)55.2557.0056.7556.7555.5057.5057.7555.7557.0056.00A
Deepwater Sour (Onshore) (30°)49.2551.0050.7551.0049.7551.7552.0049.7551.0050.00F,G
East Texas53.7555.5055.2555.2554.2556.2556.2554.2555.5054.50none
Eugene Island Sour (Onshore)54.5056.2556.0056.0055.0057.0057.0055.0056.2555.25A
Heavy Louisiana Sweet (Onshore)57.5059.2559.0059.2558.0060.0060.2558.0059.2558.25A
Light Louisiana Sweet (Onshore)58.2560.0059.7559.7558.7560.7560.7558.7560.0059.00A
New Mexico Intermediate54.0055.7555.5055.5054.5056.5056.5054.5055.7554.75none
New Mexico Sour (34°)49.2551.0050.7550.7549.7551.7551.7549.7551.0050.00none
North Texas Sweet54.0055.7555.5055.5054.5056.5056.5054.5055.7554.75none
Oklahoma Sour51.4953.2152.9353.0751.9053.9054.0852.0053.2552.19none
Oklahoma Sweet55.9557.6757.3957.5356.3658.3658.5456.4657.7156.65none
South Texas Light Sweet52.0053.7553.5053.5052.5054.5054.5052.5053.7552.75none
Southwest Wyoming Sweet53.5555.2754.9955.1353.9655.9656.1454.0655.3154.25E
Uinta Basin Black Wax43.9545.6745.3945.5344.3646.3646.5444.4645.7144.65B
West Texas Intermediate54.0055.7555.5055.5054.5056.5056.5054.5055.7554.75none
West Texas Sour (34°)49.2551.0050.7550.7549.7551.7551.7549.7551.0050.00none
Western Colorado50.5052.2251.9452.0850.9152.9153.0951.0152.2651.20B
East of the RockiesE33
02/15
E34
02/16
E35
02/20
E36
02/21
E37
02/22
E38
02/23
E39
02/26
E40
02/27
E41
02/28
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax44.6446.0444.7246.7247.6047.7948.0448.1148.4446.1729
Bonito Sour (Onshore)56.0057.2556.0058.0058.7559.0059.2559.2559.7557.4196
Deepwater Sour (Onshore) (30°)50.0051.5050.0052.0053.0053.2553.5053.5053.7551.5625
East Texas54.5055.7554.5056.5057.2557.5057.7558.0058.2555.9464
Eugene Island Sour (Onshore)55.2556.5055.2557.2558.2558.2558.5058.7559.0056.7054
Heavy Louisiana Sweet (Onshore)58.2559.7558.2560.2561.2561.5061.7561.7562.0059.8125
Light Louisiana Sweet (Onshore)59.0060.2559.0061.0062.0062.0062.2562.5062.7560.4554
New Mexico Intermediate54.7556.0054.7556.7557.5057.7558.0058.2558.5056.1964
New Mexico Sour (34°)50.0051.2550.0052.0052.7553.0053.2553.5053.7551.4464
North Texas Sweet54.7556.0054.7556.7557.5057.7558.0058.2558.5056.1964
Oklahoma Sour52.1853.5852.2654.2655.1455.3355.5855.6555.9853.7129
Oklahoma Sweet56.6458.0456.7258.7259.6059.7960.0460.1160.4458.1729
South Texas Light Sweet52.7554.0052.7554.7555.5055.7556.0056.2556.5054.1964
Southwest Wyoming Sweet54.2455.6454.3256.3257.2057.3957.6457.7158.0455.7729
Uinta Basin Black Wax44.6446.0444.7246.7247.6047.7948.0448.1148.4446.1729
West Texas Intermediate54.7556.0054.7556.7557.5057.7558.0058.2558.5056.1964
West Texas Sour (34°)50.0051.2550.0052.0052.7553.0053.2553.5053.7551.4464
Western Colorado51.1952.5951.2753.2754.1554.3454.5954.6654.9952.7229
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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