Chevron
North America Crude Oil Marketing - May 2008 Summary East of the Rockies Bulletins 08-E86 to 08-E106, 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 RockiesE86
05/01
E87
05/02
E88
05/05
E89
05/06
E90
05/07
E91
05/08
E92
05/09
E93
05/12
E94
05/13
E95
05/14
E96
05/15
Gvty
Adj*
Altamont Yellow Wax100.52104.32107.97109.84111.53111.69113.96112.23113.80112.22112.12B
Bonito Sour (Onshore)111.00114.75118.50120.25122.00122.25124.50122.75124.25122.75122.50A
Deepwater Sour (Onshore) (30°)103.75107.50111.25113.00114.75114.75117.00115.50117.00115.50115.25F,G
East Texas109.00112.75116.50118.25120.00120.00122.50120.75122.25120.75120.50none
Eugene Island Sour (Onshore)111.00114.75118.25120.25122.00122.00124.25122.75124.25122.50122.50A
Heavy Louisiana Sweet (Onshore)114.25118.00121.50123.50125.25125.25127.50126.00127.50125.75125.75A
Light Louisiana Sweet (Onshore)114.75118.50122.25124.00125.75126.00128.25126.50128.00126.50126.25A
New Mexico Intermediate109.25113.00116.75118.50120.25120.25122.75121.00122.50121.00120.75none
New Mexico Sour (34°)104.50108.25112.00113.75115.50115.50118.00116.25117.75116.25116.00none
North Texas Sweet109.25113.00116.75118.50120.25120.25122.75121.00122.50121.00120.75none
Oklahoma Sour104.50108.25112.00113.75115.50115.50118.00116.25117.75116.25116.00none
Oklahoma Sweet109.25113.00116.75118.50120.25120.25122.75121.00122.50121.00120.75none
Rocky Mountain Condensate91.5295.3298.97100.84102.53102.69104.96103.23104.80103.22103.12H
South Texas Light Sweet107.25111.00114.75116.50118.25118.25120.75119.00120.50119.00118.75none
Southwest Wyoming Sweet104.02107.82111.47113.34115.03115.19117.46115.73117.30115.72115.62E
Uinta Basin Black Wax99.52103.32106.97108.84110.53110.69112.96111.23112.80111.22111.12B
West Texas Intermediate109.25113.00116.75118.50120.25120.25122.75121.00122.50121.00120.75none
West Texas Sour (34°)104.50108.25112.00113.75115.50115.50118.00116.25117.75116.25116.00none
Western Colorado101.02104.82108.47110.34112.03112.19114.46112.73114.30112.72112.62B
East of the RockiesE97
05/16
E98
05/19
E99
05/20
E100
05/21
E101
05/22
E102
05/23
E103
05/27
E104
05/28
E105
05/29
E106
05/30
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax114.29115.05117.07121.17118.81120.19116.85119.03114.62115.35113.6674
Bonito Sour (Onshore)124.75125.50127.50131.75129.25130.75127.25129.50125.00125.75124.1452
Deepwater Sour (Onshore) (30°)117.50118.25120.25124.25122.00123.25120.00122.25117.75118.50116.8226
East Texas122.75123.50125.50129.50127.25128.50125.25127.50123.00123.75122.0968
Eugene Island Sour (Onshore)124.75125.50127.50131.50129.25130.50127.25129.50125.00125.75124.0565
Heavy Louisiana Sweet (Onshore)128.00128.75130.75134.75132.50133.75130.50132.75128.25129.00127.3065
Light Louisiana Sweet (Onshore)128.50129.25131.25135.25133.00134.50131.00133.25128.75129.50127.8871
New Mexico Intermediate123.00123.75125.75129.75127.50128.75125.50127.75123.25124.00122.3468
New Mexico Sour (34°)118.25119.00121.00125.00122.75124.00120.75123.00118.50119.25117.5968
North Texas Sweet123.00123.75125.75129.75127.50128.75125.50127.75123.25124.00122.3468
Oklahoma Sour118.25119.00121.00125.00122.75124.00120.75123.00118.50119.25117.5968
Oklahoma Sweet123.00123.75125.75129.75127.50128.75125.50127.75123.25124.00122.3468
Rocky Mountain Condensate105.29106.05108.07112.17109.81111.19107.85110.03105.62106.35104.6674
South Texas Light Sweet121.00121.75123.75127.75125.50126.75123.50125.75121.25122.00120.3468
Southwest Wyoming Sweet117.79118.55120.57124.67122.31123.69120.35122.53118.12118.85117.1674
Uinta Basin Black Wax113.29114.05116.07120.17117.81119.19115.85118.03113.62114.35112.6674
West Texas Intermediate123.00123.75125.75129.75127.50128.75125.50127.75123.25124.00122.3468
West Texas Sour (34°)118.25119.00121.00125.00122.75124.00120.75123.00118.50119.25117.5968
Western Colorado114.79115.55117.57121.67119.31120.69117.35119.53115.12115.85114.1674
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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