Chevron
North America Crude Oil Marketing - May 2007 Summary California Bulletins 07-CA79 to 07-CA100, 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
CaliforniaAPICA79
05/01
CA80
05/02
CA81
05/03
CA82
05/04
CA83
05/07
CA84
05/08
CA85
05/09
CA86
05/10
CA87
05/11
CA88
05/14
CA89
05/15
CA90
05/16
Buena Vista Hills60.4059.7059.2057.9557.5058.3057.6057.8558.4558.5559.3058.65
Coalinga55.1554.4553.9552.7052.2553.0552.3552.6053.2053.3054.0553.40
Huntington Beach56.6555.9555.4554.2053.7554.5553.8554.1054.7054.8055.5554.90
Kettleman Hills63.8063.1062.6061.3560.9061.7061.0061.2561.8561.9562.7062.05
Lost Hills62.1061.4060.9059.6559.2060.0059.3059.5560.1560.2561.0060.35
McKittrick54.4053.7053.2051.9551.5052.3051.6051.8552.4552.5553.3052.65
Midway Sunset54.4053.7053.2051.9551.5052.3051.6051.8552.4552.5553.3052.65
Seal Beach61.4060.7060.2058.9558.5059.3058.6058.8559.4559.5560.3059.65
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°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425
CaliforniaAPICA91
05/17
CA92
05/18
CA93
05/21
CA94
05/22
CA95
05/23
CA96
05/24
CA97
05/25
CA98
05/29
CA99
05/30
CA100
05/31
 Mthly
Avg
Buena Vista Hills60.9561.1562.5061.2062.0060.6061.7059.6560.0060.50 59.8032
Coalinga55.7055.9057.2555.9556.7555.3556.4554.4054.7555.25 54.5532
Huntington Beach57.2057.4058.7557.4558.2556.8557.9555.9056.2556.75 56.0532
Kettleman Hills64.3564.5565.9064.6065.4064.0065.1063.0563.4063.90 63.2032
Lost Hills62.6562.8564.2062.9063.7062.3063.4061.3561.7062.20 61.5032
McKittrick54.9555.1556.5055.2056.0054.6055.7053.6554.0054.50 53.8032
Midway Sunset54.9555.1556.5055.2056.0054.6055.7053.6554.0054.50 53.8032
Seal Beach61.9562.1563.5062.2063.0061.6062.7060.6561.0061.50 60.8032
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425 0.0425
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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