Chevron
North America Crude Oil Marketing - October 2011 Summary California Bulletins 11-CA190 to 11-CA210, 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
CaliforniaAPICA190
10/03
CA191
10/04
CA192
10/05
CA193
10/06
CA194
10/07
CA195
10/10
CA196
10/11
CA197
10/12
CA198
10/13
CA199
10/14
CA200
10/17
Buena Vista Hills 104.50108.25111.15111.55114.15113.90112.55 114.85 
Coalinga101.6599.70103.45106.35106.75109.35109.10 107.75110.05 
Huntington Beach 67.70 74.3574.7576.9577.1075.75 79.05 
Kettleman Hills 107.80111.55114.45114.85 117.45117.20 118.15 
Lost Hills 106.15109.90 113.20115.40 115.55114.20116.50 
McKittrick 98.95 105.60106.00108.60 108.35 109.30 
Midway Sunset100.9098.95102.70105.60106.00108.60108.35 107.00109.30 
Seal Beach 72.0075.7578.6579.0581.25 81.40 83.35 
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°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425
CaliforniaAPICA201
10/18
CA202
10/19
CA203
10/20
CA204
10/21
CA205
10/24
CA206
10/25
CA207
10/26
CA208
10/27
CA209
10/28
CA210
10/31
Mthly
Avg
Buena Vista Hills116.15113.90 115.20118.95 117.85121.60120.95120.30114.6186
Coalinga111.35109.10108.30110.40114.15116.05116.80 116.15115.50109.9242
Huntington Beach80.35 77.3079.4083.1585.05 85.8085.15 78.7132
Kettleman Hills119.45116.40 118.50122.25124.15121.15124.90124.25 118.1042
Lost Hills117.80115.55 116.85 122.50 123.25122.60121.95116.4368
McKittrick110.60108.35 109.65113.40 112.30116.05115.40114.75108.9309
Midway Sunset110.60107.55 109.65113.40115.30 116.05115.40 109.4929
Seal Beach84.65 81.6083.7087.4586.35 90.1089.4588.8082.6516
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°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425
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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