Chevron
North America Crude Oil Marketing - May 2007 Summary East of the Rockies Bulletins 07-E85 to 07-E106, 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 RockiesE85
05/01
E86
05/02
E87
05/03
E88
05/04
E89
05/07
E90
05/08
E91
05/09
E92
05/10
E93
05/11
E94
05/14
E95
05/15
E96
05/16
Gvty
Adj*
Altamont Yellow Wax52.4051.6851.1949.9349.4750.2649.5549.8150.3750.4651.1750.55B
Bonito Sour (Onshore)65.2564.5064.0062.7562.2563.2562.5062.7563.2563.2564.0063.50A
Deepwater Sour (Onshore) (30°)60.5059.7559.2558.0057.5058.2557.7558.0058.5058.5059.2558.75F,G
East Texas60.7560.0059.5058.2558.0058.7558.0058.2558.7559.0059.5059.00none
Eugene Island Sour (Onshore)64.7564.0063.5062.2561.7562.5061.7562.0062.7562.7563.5062.75A
Heavy Louisiana Sweet (Onshore)66.5065.7565.2564.0063.5064.2563.5063.7564.2564.5065.2564.50A
Light Louisiana Sweet (Onshore)67.5066.7566.2565.0064.5065.2564.5064.7565.5065.5066.2565.50A
New Mexico Intermediate61.0060.2559.7558.5058.2559.0058.2558.5059.0059.2559.7559.25none
New Mexico Sour (34°)56.2555.5055.0053.7553.5054.2553.5053.7554.2554.5055.0054.50none
North Texas Sweet61.0060.2559.7558.5058.2559.0058.2558.5059.0059.2559.7559.25none
Oklahoma Sour58.2357.5157.0255.7655.3056.0955.3855.6456.2056.2957.0056.38none
Oklahoma Sweet62.3161.5961.1059.8459.3860.1759.4659.7260.2860.3761.0860.46none
South Texas Light Sweet59.0058.2557.7556.5056.2557.0056.2556.5057.0057.2557.7557.25none
Southwest Wyoming Sweet60.4059.6859.1957.9357.4758.2657.3057.5658.1258.2158.9258.30E
Uinta Basin Black Wax52.4051.6851.1949.9349.4750.2649.5549.8150.3750.4651.1750.55B
West Texas Intermediate61.0060.2559.7558.5058.2559.0058.2558.5059.0059.2559.7559.25none
West Texas Sour (34°)56.2555.5055.0053.7553.5054.2553.5053.7554.2554.5055.0054.50none
Western Colorado56.9056.1855.6954.4353.9754.7654.0554.3154.8754.9655.6755.05B
East of the RockiesE97
05/17
E98
05/18
E99
05/21
E100
05/22
E101
05/23
E102
05/24
E103
05/25
E104
05/29
E105
05/30
E106
05/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax52.8652.9454.2752.9753.7752.1853.2051.1551.4952.01 51.6052
Bonito Sour (Onshore)65.7565.7567.2565.7566.7565.0066.0064.0064.5065.00 64.4677
Deepwater Sour (Onshore) (30°)61.0061.0062.2561.0061.7560.2561.2559.2559.5060.00 59.6774
East Texas61.2561.2562.7561.5062.2560.5061.5059.5060.0060.50 59.9919
Eugene Island Sour (Onshore)65.2565.2566.5065.2566.0064.5065.5063.5063.7564.25 63.9032
Heavy Louisiana Sweet (Onshore)66.7567.0068.2567.0067.7566.2567.2565.2565.5066.00 65.6210
Light Louisiana Sweet (Onshore)68.0068.0069.2568.0068.7567.2568.2566.2566.5067.00 66.6532
New Mexico Intermediate61.5061.5063.0061.7562.5060.7561.7559.7560.2560.75 60.2419
New Mexico Sour (34°)56.7556.7558.2557.0057.7556.0057.0055.0055.5056.00 55.4919
North Texas Sweet61.5061.5063.0061.7562.5060.7561.7559.7560.2560.75 60.2419
Oklahoma Sour58.6958.7760.1058.8059.6058.0159.0356.9857.3257.84 57.4352
Oklahoma Sweet62.7762.8564.1862.8863.6862.0963.1161.0661.4061.92 61.5152
South Texas Light Sweet59.5059.5061.0059.7560.5058.7559.7557.7558.2558.75 58.2419
Southwest Wyoming Sweet60.6160.6962.0260.7261.5259.9360.9558.9059.2459.76 59.4197
Uinta Basin Black Wax52.8652.9454.2752.9753.7752.1853.2051.1551.4952.01 51.6052
West Texas Intermediate61.5061.5063.0061.7562.5060.7561.7559.7560.2560.75 60.2419
West Texas Sour (34°)56.7556.7558.2557.0057.7556.0057.0055.0055.5056.00 55.4919
Western Colorado57.3657.4458.7757.4758.2756.6857.7055.6555.9956.51 56.1052
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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