Chevron
North America Crude Oil Marketing - June 2008 Summary California Bulletins 08-CA105 to 08-CA125, 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
CaliforniaAPICA105
06/02
CA106
06/03
CA107
06/04
CA108
06/05
CA109
06/06
CA110
06/09
CA111
06/10
CA112
06/11
CA113
06/12
CA114
06/13
CA115
06/16
Buena Vista Hills120.25116.75114.80120.05130.70126.50123.20128.30128.65126.80126.55
Coalinga114.80111.30109.35114.60125.25121.05117.75122.85123.20121.35121.10
Huntington Beach116.40112.90110.95116.20126.85122.65119.35124.45124.80122.95122.70
Kettleman Hills123.80120.30118.35123.60134.25130.05126.75131.85132.20130.35130.10
Lost Hills122.00118.50116.55121.80132.45128.25124.95130.05130.40128.55128.30
McKittrick114.05110.55108.60113.85124.50120.30117.00122.10122.45120.60120.35
Midway Sunset114.05110.55108.60113.85124.50120.30117.00122.10122.45120.60120.35
Seal Beach121.30117.80115.85121.10131.75127.55124.25129.35129.70127.85127.60
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
CaliforniaAPICA116
06/17
CA117
06/18
CA118
06/19
CA119
06/20
CA120
06/23
CA121
06/24
CA122
06/25
CA123
06/26
CA124
06/27
CA125
06/30
Mthly
Avg
Buena Vista Hills125.95128.55123.80126.50128.65128.95126.50131.65132.20132.05126.6567
Coalinga120.50123.10118.35121.05123.20123.50121.05126.20126.75126.60121.2067
Huntington Beach122.10124.70119.95122.65124.80125.10122.65127.80128.35128.20122.8067
Kettleman Hills129.50132.10127.35130.05132.20132.50130.05135.20135.75135.60130.2067
Lost Hills127.70130.30125.55128.25130.40130.70128.25133.40133.95133.80128.4067
McKittrick119.75122.35117.60120.30122.45122.75120.30125.45126.00125.85120.4567
Midway Sunset119.75122.35117.60120.30122.45122.75120.30125.45126.00125.85120.4567
Seal Beach127.00129.60124.85127.55129.70130.00127.55132.70133.25133.10127.7067
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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