Chevron
North America Crude Oil Marketing - November 2008 Summary East of the Rockies Bulletins 08-E217 to 08-E236, 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 RockiesE217
11/01
E218
11/03
E219
11/04
E220
11/05
E221
11/06
E222
11/07
E223
11/10
E224
11/11
E225
11/12
E226
11/13
E227
11/14
Gvty
Adj*
Altamont Yellow Wax53.3149.4156.0350.8046.2746.5447.9144.8341.6643.7442.54B
Bonito Sour (Onshore)66.7563.0069.5064.2559.7560.0061.5058.5055.2557.2556.00A
Deepwater Sour (Onshore) (30°)60.7557.0063.5058.2553.7554.0055.5052.5049.2551.2550.00F,G
East Texas64.2560.2567.0061.7557.2557.5058.7555.7552.5054.7553.50none
Eugene Island Sour (Onshore)67.0063.0069.5064.2559.7560.0061.5058.5055.2557.2556.00A
Heavy Louisiana Sweet (Onshore)69.2565.5072.0066.7562.2562.5064.0060.7557.7559.7558.50A
Light Louisiana Sweet (Onshore)70.0066.0072.7567.5063.0063.2564.5061.5058.2560.5059.25A
New Mexico Intermediate64.5060.5067.2562.0057.5057.7559.0056.0052.7555.0053.75none
New Mexico Sour (34°)59.7555.7562.5057.2552.7553.0054.2551.2548.0050.2549.00none
North Texas Sweet64.5060.5067.2562.0057.5057.7559.0056.0052.7555.0053.75none
Oklahoma Sour59.7555.7562.5057.2552.7553.0054.2551.2548.0050.2549.00none
Oklahoma Sweet64.5060.5067.2562.0057.5057.7559.0056.0052.7555.0053.75none
Rocky Mountain Condensate45.8141.9148.5343.3038.7739.0440.4137.3334.1636.2435.04H
South Texas Light Sweet62.5058.5065.2560.0055.5055.7557.0054.0050.7553.0051.75none
Southwest Wyoming Sweet52.8148.9155.5350.3045.7746.0447.4144.3341.1643.2442.04E
Uinta Basin Black Wax52.3148.4155.0349.8045.2745.5446.9143.8340.6642.7441.54B
West Texas Intermediate64.5060.5067.2562.0057.5057.7559.0056.0052.7555.0053.75none
West Texas Sour (34°)59.7555.7562.5057.2552.7553.0054.2551.2548.0050.2549.00none
Western Colorado52.8148.9155.5350.3045.7746.0447.4144.3341.1643.2442.04B
East of the RockiesE228
11/17
E229
11/18
E230
11/19
E231
11/20
E232
11/21
E233
11/24
E234
11/25
E235
11/26
E236
11/28
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax40.4539.8939.1235.1235.4340.0036.2739.9439.93 43.0440
Bonito Sour (Onshore)54.0053.5052.7548.7549.0053.5049.7553.5053.50 56.5750
Deepwater Sour (Onshore) (30°)48.0047.5046.7542.7543.0047.5043.7547.5047.50 50.5750
East Texas51.2550.7550.0046.0046.2551.0047.2550.7550.75 53.9417
Eugene Island Sour (Onshore)54.0053.5052.7548.7549.0053.5049.7553.5053.50 56.5917
Heavy Louisiana Sweet (Onshore)56.5056.0055.2551.2551.5056.0052.2556.0056.00 59.0667
Light Louisiana Sweet (Onshore)57.0056.5055.7551.7552.0056.7553.0056.5056.50 59.6917
New Mexico Intermediate51.5051.0050.2546.2546.5051.2547.5051.0051.00 54.1917
New Mexico Sour (34°)46.7546.2545.5041.5041.7546.5042.7546.2546.25 49.4417
North Texas Sweet51.5051.0050.2546.2546.5051.2547.5051.0051.00 54.1917
Oklahoma Sour46.7546.2545.5041.5041.7546.5042.7546.2546.25 49.4417
Oklahoma Sweet51.5051.0050.2546.2546.5051.2547.5051.0051.00 54.1917
Rocky Mountain Condensate32.9532.3931.6227.6227.9332.5028.7732.4432.43 35.5440
South Texas Light Sweet49.5049.0048.2544.2544.5049.2545.5049.0049.00 52.1917
Southwest Wyoming Sweet39.9539.3938.6234.6234.9339.5035.7739.4439.43 42.5440
Uinta Basin Black Wax39.4538.8938.1234.1234.4339.0035.2738.9438.93 42.0440
West Texas Intermediate51.5051.0050.2546.2546.5051.2547.5051.0051.00 54.1917
West Texas Sour (34°)46.7546.2545.5041.5041.7546.5042.7546.2546.25 49.4417
Western Colorado39.9539.3938.6234.6234.9339.5035.7739.4439.43 42.5440
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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