Chevron
North America Crude Oil Marketing - March 2009 Summary East of the Rockies Bulletins 09-E42 to 09-E64, 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 RockiesE42
03/01
E43
03/02
E44
03/03
E45
03/04
E46
03/05
E47
03/06
E48
03/09
E49
03/10
E50
03/11
E51
03/12
E52
03/13
E53
03/16
Gvty
Adj*
Altamont Yellow Wax31.7627.1528.6532.3830.6132.5234.0732.7129.3334.0333.2535.35B
Bonito Sour (Onshore)44.0039.5041.0044.7543.0044.7546.2545.0041.5046.2545.5046.50A
Deepwater Sour (Onshore) (30°)43.5039.0040.5044.2542.5044.2546.0044.5041.2545.7545.0046.25F,G
East Texas41.2536.5038.0041.7540.0042.0043.5042.2538.7543.5042.7543.75none
Eugene Island Sour (Onshore)44.2539.7541.2545.0043.2545.0046.5045.2541.7546.5045.7547.00A
Heavy Louisiana Sweet (Onshore)45.7541.0042.5046.2544.5046.5048.0046.5043.2548.0047.2548.25A
Light Louisiana Sweet (Onshore)46.5042.0043.5047.0045.2547.2548.7547.5044.0048.7548.0049.00A
New Mexico Intermediate41.5036.7538.2542.0040.2542.2543.7542.5039.0043.7543.0044.00none
New Mexico Sour (34°)36.7532.0033.5037.2535.5037.5039.0037.7534.2539.0038.2539.25none
North Texas Sweet41.5036.7538.2542.0040.2542.2543.7542.5039.0043.7543.0044.00none
Oklahoma Sour36.7532.0033.5037.2535.5037.5039.0037.7534.2539.0038.2539.25none
Oklahoma Sweet41.5036.7538.2542.0040.2542.2543.7542.5039.0043.7543.0044.00none
Rocky Mountain Condensate24.7620.1521.6525.3823.6125.5227.0725.7122.3327.0326.2528.35H
South Texas Light Sweet39.5034.7536.2540.0038.2540.2541.7540.5037.0041.7541.0042.00none
Southwest Wyoming Sweet30.7626.1527.6531.3829.6131.5233.0731.7128.3333.0332.2534.35E
Uinta Basin Black Wax30.7626.1527.6531.3829.6131.5233.0731.7128.3333.0332.2534.35B
West Texas Intermediate41.5036.7538.2542.0040.2542.2543.7542.5039.0043.7543.0044.00none
West Texas Sour (34°)36.7532.0033.5037.2535.5037.5039.0037.7534.2539.0038.2539.25none
Western Colorado31.0126.4027.9031.6329.8631.7733.3231.9628.5833.2832.5035.10B
East of the RockiesE54
03/17
E55
03/18
E56
03/19
E57
03/20
E58
03/23
E59
03/24
E60
03/25
E61
03/26
E62
03/27
E63
03/30
E64
03/31
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax37.1636.1439.6139.0641.8041.9840.7742.3440.3836.4137.6635.6626
Bonito Sour (Onshore)48.5047.5051.0050.2553.0053.2552.0053.5051.7547.7549.0047.4194
Deepwater Sour (Onshore) (30°)48.0047.0050.5049.7552.5052.7551.5053.2551.2547.2548.5046.9516
East Texas45.5044.5048.0047.5050.2550.5049.2550.7548.7544.7546.0044.5726
Eugene Island Sour (Onshore)48.7547.7551.2550.5053.2553.5052.2553.7552.0048.0049.2547.6774
Heavy Louisiana Sweet (Onshore)50.0049.0052.5052.0054.7555.0053.7555.2553.2549.2550.5049.0645
Light Louisiana Sweet (Onshore)51.0049.7553.2552.7555.5055.7554.5056.0054.0050.2551.5049.8629
New Mexico Intermediate45.7544.7548.2547.7550.5050.7549.5051.0049.0045.0046.2544.8226
New Mexico Sour (34°)41.0040.0043.5043.0045.7546.0044.7546.2544.2540.2541.5040.0726
North Texas Sweet45.7544.7548.2547.7550.5050.7549.5051.0049.0045.0046.2544.8226
Oklahoma Sour41.0040.0043.5043.0045.7546.0044.7546.2544.2540.2541.5040.0726
Oklahoma Sweet45.7544.7548.2547.7550.5050.7549.5051.0049.0045.0046.2544.8226
Rocky Mountain Condensate30.1629.1432.6132.0634.8034.9833.7735.3433.3829.4130.6628.6626
South Texas Light Sweet43.7542.7546.2545.7548.5048.7547.5049.0047.0043.0044.2542.8226
Southwest Wyoming Sweet36.1635.1438.6138.0640.8040.9839.7741.3439.3835.4136.6634.6626
Uinta Basin Black Wax36.1635.1438.6138.0640.8040.9839.7741.3439.3835.4136.6634.6626
West Texas Intermediate45.7544.7548.2547.7550.5050.7549.5051.0049.0045.0046.2544.8226
West Texas Sour (34°)41.0040.0043.5043.0045.7546.0044.7546.2544.2540.2541.5040.0726
Western Colorado36.9135.8939.3638.8141.5541.7340.5242.0940.1336.1637.4135.1706
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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