Chevron
North America Crude Oil Marketing - May 2008 Summary California Bulletins 08-CA84 to 08-CA104, 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
CaliforniaAPICA84
05/01
CA85
05/02
CA86
05/05
CA87
05/06
CA88
05/07
CA89
05/08
CA90
05/09
CA91
05/12
CA92
05/13
CA93
05/14
CA94
05/15
Buena Vista Hills106.40110.20113.85115.55117.25117.30119.60117.85119.45117.85117.55
Coalinga100.95104.75108.40110.10111.80111.85114.15112.40114.00112.40112.10
Huntington Beach102.55106.35110.00111.70113.40113.45115.75114.00115.60114.00113.70
Kettleman Hills109.95113.75117.40119.10120.80120.85123.15121.40123.00121.40121.10
Lost Hills108.15111.95115.60117.30119.00119.05121.35119.60121.20119.60119.30
McKittrick100.20104.00107.65109.35111.05111.10113.40111.65113.25111.65111.35
Midway Sunset100.20104.00107.65109.35111.05111.10113.40111.65113.25111.65111.35
Seal Beach107.45111.25114.90116.60118.30118.35120.65118.90120.50118.90118.60
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
CaliforniaAPICA95
05/16
CA96
05/19
CA97
05/20
CA98
05/21
CA99
05/22
CA100
05/23
CA101
05/27
CA102
05/28
CA103
05/29
CA104
05/30
Mthly
Avg
Buena Vista Hills119.70120.30122.15126.10123.70125.10121.60123.75119.30119.95118.9919
Coalinga114.25114.85116.70120.65118.25119.65116.15118.30113.85114.50113.5419
Huntington Beach115.85116.45118.30122.25119.85121.25117.75119.90115.45116.10115.1419
Kettleman Hills123.25123.85125.70129.65127.25128.65125.15127.30122.85123.50122.5419
Lost Hills121.45122.05123.90127.85125.45126.85123.35125.50121.05121.70120.7419
McKittrick113.50114.10115.95119.90117.50118.90115.40117.55113.10113.75112.7919
Midway Sunset113.50114.10115.95119.90117.50118.90115.40117.55113.10113.75112.7919
Seal Beach120.75121.35123.20127.15124.75126.15122.65124.80120.35121.00120.0419
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
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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