Chevron
North America Crude Oil Marketing - January 2008 Summary East of the Rockies Bulletins 08-E1 to 08-E22, 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 RockiesE1
01/01
E2
01/02
E3
01/03
E4
01/04
E5
01/07
E6
01/08
E7
01/09
E8
01/10
E9
01/11
E10
01/14
E11
01/15
E12
01/16
Gvty
Adj*
Altamont Yellow Wax82.4886.1285.6884.4181.5982.8382.1780.2179.1980.7078.4077.34B
Bonito Sour (Onshore)96.50100.0099.5098.2595.5096.7596.0094.0093.0094.5092.2591.25A
Deepwater Sour (Onshore) (30°)88.2592.0091.5090.2587.5088.7588.0086.0085.0086.5084.2583.25F,G
East Texas92.5096.0095.5094.2591.5092.7592.0090.2589.0090.5088.2587.25none
Eugene Island Sour (Onshore)96.50100.0099.5098.2595.5096.7596.0094.0093.0094.5092.2591.25A
Heavy Louisiana Sweet (Onshore)99.00102.50102.00100.7598.0099.2598.5096.5095.5097.0094.7593.75A
Light Louisiana Sweet (Onshore)99.50103.00102.50101.2598.5099.7599.0097.0096.0097.5095.2594.25A
New Mexico Intermediate92.7596.2595.7594.5091.7593.0092.2590.5089.2590.7588.5087.50none
New Mexico Sour (34°)88.0091.5091.0089.7587.0088.2587.5085.7584.5086.0083.7582.75none
North Texas Sweet92.7596.2595.7594.5091.7593.0092.2590.5089.2590.7588.5087.50none
Oklahoma Sour88.0091.5091.0089.7587.0088.2587.5085.7584.5086.0083.7582.75none
Oklahoma Sweet92.7596.2595.7594.5091.7593.0092.2590.5089.2590.7588.5087.50none
Rocky Mountain Condensate74.9878.6278.1876.9174.0975.3374.6772.7171.6973.2070.9069.84H
South Texas Light Sweet90.7594.2593.7592.5089.7591.0090.2588.5087.2588.7586.5085.50none
Southwest Wyoming Sweet87.4891.1290.6889.4186.5987.8387.1785.2184.1985.7083.4082.34E
Uinta Basin Black Wax81.4885.1284.6883.4180.5981.8381.1779.2178.1979.7077.4076.34B
West Texas Intermediate92.7596.2595.7594.5091.7593.0092.2590.5089.2590.7588.5087.50none
West Texas Sour (34°)88.0091.5091.0089.7587.0088.2587.5085.7584.5086.0083.7582.75none
Western Colorado83.9887.6287.1885.9183.0984.3383.6781.7180.6982.2079.9078.84B
East of the RockiesE13
01/17
E14
01/18
E15
01/22
E16
01/23
E17
01/24
E18
01/25
E19
01/28
E20
01/29
E21
01/30
E22
01/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax76.6377.0776.3573.4975.9177.2177.4978.1478.8378.25 79.4619
Bonito Sour (Onshore)90.5091.0090.2587.5089.7591.0091.5092.0092.7592.25 93.3387
Deepwater Sour (Onshore) (30°)82.5083.0082.2579.2581.7583.0083.2584.0084.7584.00 85.3065
East Texas86.5087.0086.2583.5085.7587.2587.5088.0088.7588.25 89.3710
Eugene Island Sour (Onshore)90.5091.0090.2587.5089.7591.0091.5092.0092.7592.25 93.3387
Heavy Louisiana Sweet (Onshore)93.0093.5092.7590.0092.2593.5094.0094.5095.2594.75 95.8387
Light Louisiana Sweet (Onshore)93.5094.0093.2590.5092.7594.0094.5095.0095.7595.25 96.3387
New Mexico Intermediate86.7587.2586.5083.7586.0087.5087.7588.2589.0088.50 89.6210
New Mexico Sour (34°)82.0082.5081.7579.0081.2582.7583.0083.5084.2583.75 84.8710
North Texas Sweet86.7587.2586.5083.7586.0087.5087.7588.2589.0088.50 89.6210
Oklahoma Sour82.0082.5081.7579.0081.2582.7583.0083.5084.2583.75 84.8710
Oklahoma Sweet86.7587.2586.5083.7586.0087.5087.7588.2589.0088.50 89.6210
Rocky Mountain Condensate69.1369.5768.8565.9968.4169.7169.9970.6471.3370.75 71.9619
South Texas Light Sweet84.7585.2584.5081.7584.0085.5085.7586.2587.0086.50 87.6210
Southwest Wyoming Sweet81.6382.0781.3578.4980.9182.2182.4983.1483.8383.25 84.4619
Uinta Basin Black Wax75.6376.0775.3572.4974.9176.2176.4977.1477.8377.25 78.4619
West Texas Intermediate86.7587.2586.5083.7586.0087.5087.7588.2589.0088.50 89.6210
West Texas Sour (34°)82.0082.5081.7579.0081.2582.7583.0083.5084.2583.75 84.8710
Western Colorado78.1378.5777.8574.9977.4178.7178.9979.6480.3379.75 80.9619
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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