Chevron
North America Crude Oil Marketing - February 2008 Summary East of the Rockies Bulletins 08-E23 to 08-E42, 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 RockiesE23
02/01
E24
02/04
E25
02/05
E26
02/06
E27
02/07
E28
02/08
E29
02/11
E30
02/12
E31
02/13
E32
02/14
E33
02/15
Gvty
Adj*
Altamont Yellow Wax75.4676.5274.9173.6474.6178.2780.0979.2879.7781.9682.00B
Bonito Sour (Onshore)88.7590.0088.2587.0088.0091.7593.5092.7593.2595.2595.50A
Deepwater Sour (Onshore) (30°)82.0083.0081.5080.2581.2584.7586.5085.7586.2588.5088.50F,G
East Texas85.5086.5084.7583.5084.5088.2590.0089.2589.7592.0092.00none
Eugene Island Sour (Onshore)88.7589.7588.2587.0088.0091.5093.5092.5093.0095.2595.25A
Heavy Louisiana Sweet (Onshore)90.5091.5090.0088.7589.7593.2595.2594.2594.7597.0097.00A
Light Louisiana Sweet (Onshore)91.7592.7591.2590.0091.0094.5096.2595.5096.0098.2598.25A
New Mexico Intermediate85.7586.7585.0083.7584.7588.5090.2589.5090.0092.2592.25none
New Mexico Sour (34°)81.0082.0080.2579.0080.0083.7585.5084.7585.2587.5087.50none
North Texas Sweet85.7586.7585.0083.7584.7588.5090.2589.5090.0092.2592.25none
Oklahoma Sour81.0082.0080.2579.0080.0083.7585.5084.7585.2587.5087.50none
Oklahoma Sweet85.7586.7585.0083.7584.7588.5090.2589.5090.0092.2592.25none
Rocky Mountain Condensate67.9669.0267.4166.1467.1170.7772.5971.7872.2774.4674.50H
South Texas Light Sweet83.7584.7583.0081.7582.7586.5088.2587.5088.0090.2590.25none
Southwest Wyoming Sweet80.4681.5279.9178.6479.6183.2785.0984.2884.7786.9687.00E
Uinta Basin Black Wax74.4675.5273.9172.6473.6177.2779.0978.2878.7780.9681.00B
West Texas Intermediate85.7586.7585.0083.7584.7588.5090.2589.5090.0092.2592.25none
West Texas Sour (34°)81.0082.0080.2579.0080.0083.7585.5084.7585.2587.5087.50none
Western Colorado76.9678.0276.4175.1476.1179.7781.5980.7881.2783.4683.50B
East of the RockiesE34
02/19
E35
02/20
E36
02/21
E37
02/22
E38
02/25
E39
02/26
E40
02/27
E41
02/28
E42
02/29
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax86.5187.2484.7385.3185.7387.3886.1489.0988.34 81.4159
Bonito Sour (Onshore)100.00100.7598.0098.7599.00100.7599.50102.50101.75 94.8276
Deepwater Sour (Onshore) (30°)93.0093.7591.2591.7592.2594.0092.7595.5094.75 87.9224
East Texas96.5097.2594.7595.2595.7597.2596.0099.0098.25 91.3793
Eugene Island Sour (Onshore)99.75100.5098.0098.7599.00100.7599.50102.50101.75 94.7241
Heavy Louisiana Sweet (Onshore)101.50102.2599.75100.50100.75102.50101.25104.25103.50 96.4741
Light Louisiana Sweet (Onshore)102.75103.50101.00101.50102.00103.75102.50105.50104.75 97.6897
New Mexico Intermediate96.7597.5095.0095.5096.0097.5096.2599.2598.50 91.6293
New Mexico Sour (34°)92.0092.7590.2590.7591.2592.7591.5094.5093.75 86.8793
North Texas Sweet96.7597.5095.0095.5096.0097.5096.2599.2598.50 91.6293
Oklahoma Sour92.0092.7590.2590.7591.2592.7591.5094.5093.75 86.8793
Oklahoma Sweet96.7597.5095.0095.5096.0097.5096.2599.2598.50 91.6293
Rocky Mountain Condensate79.0179.7477.2377.8178.2379.8878.6481.5980.84 73.9159
South Texas Light Sweet94.7595.5093.0093.5094.0095.5094.2597.2596.50 89.6293
Southwest Wyoming Sweet91.5192.2489.7390.3190.7392.3891.1494.0993.34 86.4159
Uinta Basin Black Wax85.5186.2483.7384.3184.7386.3885.1488.0987.34 80.4159
West Texas Intermediate96.7597.5095.0095.5096.0097.5096.2599.2598.50 91.6293
West Texas Sour (34°)92.0092.7590.2590.7591.2592.7591.5094.5093.75 86.8793
Western Colorado88.0188.7486.2386.8187.2388.8887.6490.5989.84 82.9159
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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