Chevron
North America Crude Oil Marketing - October 2008 Summary East of the Rockies Bulletins 08-E194 to 08-E216, 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 RockiesE194
10/01
E195
10/02
E196
10/03
E197
10/06
E198
10/07
E199
10/08
E200
10/09
E201
10/10
E202
10/13
E203
10/14
E204
10/15
E205
10/16
Gvty
Adj*
Altamont Yellow Wax85.5380.9780.8874.8177.0675.9573.5964.7068.1965.6361.5456.85B
Bonito Sour (Onshore)97.0092.5092.2586.2588.5087.5085.0076.2579.7577.0073.0068.25A
Deepwater Sour (Onshore) (30°)92.7588.2588.0082.0084.2583.2580.7572.0075.5072.7568.7564.00F,G
East Texas95.0090.5090.2584.2586.5085.2583.0074.0077.5075.0071.0066.25none
Eugene Island Sour (Onshore)97.0092.5092.2586.2588.5087.5085.0076.2579.7577.0073.0068.25A
Heavy Louisiana Sweet (Onshore)102.2597.5097.5091.5093.7592.5090.2581.2584.7582.2578.2573.50A
Light Louisiana Sweet (Onshore)101.5097.0097.0091.0093.2592.0089.7580.7584.2581.7577.7573.00A
New Mexico Intermediate95.2590.7590.5084.5086.7585.5083.2574.2577.7575.2571.2566.50none
New Mexico Sour (34°)90.5086.0085.7579.7582.0080.7578.5069.5073.0070.5066.5061.75none
North Texas Sweet95.2590.7590.5084.5086.7585.5083.2574.2577.7575.2571.2566.50none
Oklahoma Sour90.5086.0085.7579.7582.0080.7578.5069.5073.0070.5066.5061.75none
Oklahoma Sweet95.2590.7590.5084.5086.7585.5083.2574.2577.7575.2571.2566.50none
Rocky Mountain Condensate76.5371.9771.8865.8168.0666.9564.5955.7059.1956.6352.5447.85H
South Texas Light Sweet93.2588.7588.5082.5084.7583.5081.2572.2575.7573.2569.2564.50none
Southwest Wyoming Sweet84.5379.9779.8873.8176.0674.9572.5963.7067.1964.6359.5454.85E
Uinta Basin Black Wax83.5378.9778.8872.8175.0673.9571.5962.7066.1963.6359.0454.35B
West Texas Intermediate95.2590.7590.5084.5086.7585.5083.2574.2577.7575.2571.2566.50none
West Texas Sour (34°)90.5086.0085.7579.7582.0080.7578.5069.5073.0070.5066.5061.75none
Western Colorado84.5379.9779.8873.8176.0674.9572.5963.7067.1964.6359.5454.85B
East of the RockiesE206
10/17
E207
10/20
E208
10/21
E209
10/22
E210
10/23
E211
10/24
E212
10/27
E213
10/28
E214
10/29
E215
10/30
E216
10/31
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax58.8561.2557.8953.7554.8451.1550.2249.7354.5052.9654.8163.7681
Bonito Sour (Onshore)70.2572.7569.2565.2566.2562.5061.7561.2566.0064.5066.2575.2177
Deepwater Sour (Onshore) (30°)66.0068.5065.2561.0062.0058.5057.5057.0061.7560.2562.0071.0000
East Texas68.2570.7567.2563.2564.2560.5059.7559.2564.0062.5064.2573.1774
Eugene Island Sour (Onshore)70.2572.7569.2565.2566.2562.7561.7561.2566.0064.5066.2575.2419
Heavy Louisiana Sweet (Onshore)75.5078.0074.5070.5071.5067.7566.7566.2571.2569.5071.5080.3952
Light Louisiana Sweet (Onshore)75.0077.2574.0069.7571.0067.2566.2565.7570.5069.0071.0079.8629
New Mexico Intermediate68.5071.0067.5063.5064.5060.7560.0059.5064.2562.7564.5073.4274
New Mexico Sour (34°)63.7566.2562.7558.7559.7556.0055.2554.7559.5058.0059.7568.6774
North Texas Sweet68.5071.0067.5063.5064.5060.7560.0059.5064.2562.7564.5073.4274
Oklahoma Sour63.7566.2562.7558.7559.7556.0055.2554.7559.5058.0059.7568.6774
Oklahoma Sweet68.5071.0067.5063.5064.5060.7560.0059.5064.2562.7564.5073.4274
Rocky Mountain Condensate49.8552.2548.8944.7545.8442.1541.2240.7345.5043.9645.8154.7681
South Texas Light Sweet66.5069.0065.5061.5062.5058.7558.0057.5062.2560.7562.5071.4274
Southwest Wyoming Sweet56.8559.2555.8951.7552.8449.1548.2247.7352.5050.9652.8162.2197
Uinta Basin Black Wax56.3558.7555.3951.2552.3448.6547.7247.2352.0050.4652.3161.4939
West Texas Intermediate68.5071.0067.5063.5064.5060.7560.0059.5064.2562.7564.5073.4274
West Texas Sour (34°)63.7566.2562.7558.7559.7556.0055.2554.7559.5058.0059.7568.6774
Western Colorado56.8559.2555.8951.7552.8449.1548.2247.7352.5050.9652.8162.2197
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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