Chevron
North America Crude Oil Marketing - March 2008 Summary California Bulletins 08-CA42 to 08-CA61, 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
CaliforniaAPICA42
03/03
CA43
03/04
CA44
03/05
CA45
03/06
CA46
03/07
CA47
03/10
CA48
03/11
CA49
03/12
CA50
03/13
CA51
03/14
CA52
03/17
Buena Vista Hills96.1093.1598.4099.3599.05101.80102.65103.80104.45104.3099.80
Coalinga90.6587.7092.9593.9093.6096.3597.2098.3599.0098.8594.35
Huntington Beach92.2589.3094.5595.5095.2097.9598.8099.95100.60100.4595.95
Kettleman Hills99.6596.70101.95102.90102.60105.35106.20107.35108.00107.85103.35
Lost Hills97.8594.90100.15101.10100.80103.55104.40105.55106.20106.05101.55
McKittrick89.9086.9592.2093.1592.8595.6096.4597.6098.2598.1093.60
Midway Sunset89.9086.9592.2093.1592.8595.6096.4597.6098.2598.1093.60
Seal Beach97.1594.2099.45100.40100.10102.85103.70104.85105.50105.35100.85
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
CaliforniaAPICA53
03/18
CA54
03/19
CA55
03/20
CA56
03/24
CA57
03/25
CA58
03/26
CA59
03/27
CA60
03/28
CA61
03/31
 Mthly
Avg
Buena Vista Hills103.5598.6095.9595.0095.35100.05101.7099.7595.70 99.1468
Coalinga98.1093.1590.5089.5589.9094.6096.2594.3090.25 93.6968
Huntington Beach99.7094.7592.1091.1591.5096.2097.8595.9091.85 95.2968
Kettleman Hills107.10102.1599.5098.5598.90103.60105.25103.3099.25 102.6968
Lost Hills105.30100.3597.7096.7597.10101.80103.45101.5097.45 100.8968
McKittrick97.3592.4089.7588.8089.1593.8595.5093.5589.50 92.9468
Midway Sunset97.3592.4089.7588.8089.1593.8595.5093.5589.50 92.9468
Seal Beach104.6099.6597.0096.0596.40101.10102.75100.8096.75 100.1968
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.04500.04500.04500.04500.04500.04500.04500.04500.0450 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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