Chevron
North America Crude Oil Marketing - December 2008 Summary California Bulletins 08-CA230 to 08-CA251, 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
CaliforniaAPICA230
12/01
CA231
12/02
CA232
12/03
CA233
12/04
CA234
12/05
CA235
12/08
CA236
12/09
CA237
12/10
CA238
12/11
CA239
12/12
CA240
12/15
CA241
12/16
Buena Vista Hills41.2538.7038.5535.4032.5535.2033.6035.0539.7538.3036.6035.80
Coalinga35.8033.2533.1029.9527.1029.7528.1529.6034.3032.8531.1530.35
Huntington Beach36.1533.6033.4530.3027.4530.1028.5029.9534.6533.2031.5030.70
Kettleman Hills44.8042.2542.1038.9536.1038.7537.1538.6043.3041.8540.1539.35
Lost Hills43.0040.4540.3037.1534.3036.9535.3536.8041.5040.0538.3537.55
McKittrick35.0532.5032.3529.2026.3529.0027.4028.8533.5532.1030.4029.60
Midway Sunset35.0532.5032.3529.2026.3529.0027.4028.8533.5532.1030.4029.60
Seal Beach40.8038.2538.1034.9532.1034.7533.1534.6039.3037.8536.1535.35
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
CaliforniaAPICA242
12/17
CA243
12/18
CA244
12/19
CA245
12/22
CA246
12/23
CA247
12/24
CA248
12/26
CA249
12/29
CA250
12/30
CA251
12/31
 Mthly
Avg
Buena Vista Hills32.3528.6026.3532.4031.4527.9030.2532.8031.9037.50 33.3887
Coalinga26.9023.1520.9026.9526.0022.4524.8027.3526.4532.05 27.9387
Huntington Beach27.2523.5021.2527.3026.3522.8025.1527.7026.8032.40 28.2887
Kettleman Hills35.9032.1529.9035.9535.0031.4533.8036.3535.4541.05 36.9387
Lost Hills34.1030.3528.1034.1533.2029.6532.0034.5533.6539.25 35.1387
McKittrick26.1522.4020.1526.2025.2521.7024.0526.6025.7031.30 27.1887
Midway Sunset26.1522.4020.1526.2025.2521.7024.0526.6025.7031.30 27.1887
Seal Beach31.9028.1525.9031.9531.0027.4529.8032.3531.4537.05 32.9387
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450 0.0450
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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