Chevron
North America Crude Oil Marketing - June 2009 Summary California Bulletins 09-CA103 to 09-CA124, 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
CaliforniaAPICA103
06/01
CA104
06/02
CA105
06/03
CA106
06/04
CA107
06/05
CA108
06/08
CA109
06/09
CA110
06/10
CA111
06/11
CA112
06/12
CA113
06/15
CA114
06/16
Buena Vista Hills67.5567.5065.0567.7567.4066.9068.6569.8571.1070.3568.8068.65
Coalinga62.1562.1059.6562.3562.0061.5063.2564.4565.7064.9563.4063.25
Huntington Beach61.9561.9059.4562.1561.8061.3063.0564.2565.5064.7563.2063.05
Kettleman Hills71.0571.0068.5571.2570.9070.4072.1573.3574.6073.8572.3072.15
Lost Hills69.3069.2566.8069.5069.1568.6570.4071.6072.8572.1070.5570.40
McKittrick61.4061.3558.9061.6061.2560.7562.5063.7064.9564.2062.6562.50
Midway Sunset61.4061.3558.9061.6061.2560.7562.5063.7064.9564.2062.6562.50
Seal Beach66.6066.5564.1066.8066.4565.9567.7068.9070.1569.4067.8567.70
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
CaliforniaAPICA115
06/17
CA116
06/18
CA117
06/19
CA118
06/22
CA119
06/23
CA120
06/24
CA121
06/25
CA122
06/26
CA123
06/29
CA124
06/30
 Mthly
Avg
Buena Vista Hills69.2069.5567.7565.1567.4066.8568.4067.3569.6568.05 68.1533
Coalinga63.8064.1562.3559.7562.0061.4563.0061.9564.2562.65 62.7533
Huntington Beach63.6063.9562.1559.5561.8061.2562.8061.7564.0562.45 62.5533
Kettleman Hills72.7073.0571.2568.6570.9070.3571.9070.8573.1571.55 71.6533
Lost Hills70.9571.3069.5066.9069.1568.6070.1569.1071.4069.80 69.9033
McKittrick63.0563.4061.6059.0061.2560.7062.2561.2063.5061.90 62.0033
Midway Sunset63.0563.4061.6059.0061.2560.7062.2561.2063.5061.90 62.0033
Seal Beach68.2568.6066.8064.2066.4565.9067.4566.4068.7067.10 67.2033
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450 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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