Chevron
North America Crude Oil Marketing - November 2011 Summary East of the Rockies Bulletins 11-E212 to 11-E232, 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 RockiesE212
11/01
E213
11/02
E214
11/03
E215
11/04
E216
11/07
E217
11/08
E218
11/09
E219
11/10
E220
11/11
E221
11/14
E222
11/15
Gvty
Adj*
Altamont Yellow Wax80.1980.5182.0782.2683.5284.8083.7485.7886.9986.1487.37B
Bonito Sour (Onshore)116.50116.75118.50118.50119.75121.25120.00122.25123.25122.50123.75A
Deepwater Sour (Onshore) (30°)114.00114.25116.00116.00117.25118.50117.50119.50120.75120.00121.25F,G
East Texas88.5088.7590.5090.5091.7593.0092.0094.0095.2594.5095.75none
Eugene Island Sour (Onshore)117.00117.25119.00119.00120.25121.75120.50122.50123.75123.00124.25A
Heavy Louisiana Sweet (Onshore)118.50118.75120.50120.50122.00123.25122.00124.25125.25124.50125.75A
Light Louisiana Sweet (Onshore)118.00118.50120.00120.25121.50122.75121.75123.75125.00124.00125.25A
New Mexico Intermediate88.7589.0090.7590.7592.0093.2592.2594.2595.5094.7596.00none
New Mexico Sour (34°)84.0084.2586.0086.0087.2588.5087.5089.5090.7590.0091.25none
North Texas Sweet88.7589.0090.7590.7592.0093.2592.2594.2595.5094.7596.00none
Oklahoma Sour84.0084.2586.0086.0087.2588.5087.5089.5090.7590.0091.25none
Oklahoma Sweet88.7589.0090.7590.7592.0093.2592.2594.2595.5094.7596.00none
Rocky Mountain Condensate79.9480.2681.8282.0183.2784.5583.4985.5386.7485.8987.12H
South Texas Light Sweet86.7587.0088.7588.7590.0091.2590.2592.2593.5092.7594.00none
Southwest Wyoming Sweet85.6986.0187.5787.7689.0290.3089.2491.2892.4991.6492.87E
Uinta Basin Black Wax79.1979.5181.0781.2682.5283.8082.7484.7885.9985.1486.37B
West Texas Intermediate88.7589.0090.7590.7592.0093.2592.2594.2595.5094.7596.00none
West Texas Sour (34°)84.0084.2586.0086.0087.2588.5087.5089.5090.7590.0091.25none
Western Colorado82.1982.5184.0784.2685.5286.8085.7487.7888.9988.1489.37B
East of the RockiesE223
11/16
E224
11/17
E225
11/18
E226
11/21
E227
11/22
E228
11/23
E229
11/25
E230
11/28
E231
11/29
E232
11/30
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax90.5986.8285.4184.9286.0184.1784.7786.2187.7988.3685.0483
Bonito Sour (Onshore)127.00123.25121.75121.25122.25120.50121.00122.50124.25124.75121.3667
Deepwater Sour (Onshore) (30°)124.50120.75119.25118.75119.75118.00118.50120.00121.50122.25118.8417
East Texas99.0095.2593.7593.2594.2592.5093.0094.5096.0096.7593.3417
Eugene Island Sour (Onshore)127.50123.75122.25121.75122.75121.00121.50123.00124.50125.25121.8500
Heavy Louisiana Sweet (Onshore)129.00125.25123.75123.25124.25122.50123.25124.50126.25126.75123.4000
Light Louisiana Sweet (Onshore)128.50124.75123.25122.75124.00122.00122.75124.00125.75126.25122.9750
New Mexico Intermediate99.2595.5094.0093.5094.5092.7593.2594.7596.2597.0093.5917
New Mexico Sour (34°)94.5090.7589.2588.7589.7588.0088.5090.0091.5092.2588.8417
North Texas Sweet99.2595.5094.0093.5094.5092.7593.2594.7596.2597.0093.5917
Oklahoma Sour94.5090.7589.2588.7589.7588.0088.5090.0091.5092.2588.8417
Oklahoma Sweet99.2595.5094.0093.5094.5092.7593.2594.7596.2597.0093.5917
Rocky Mountain Condensate90.3486.5785.1684.6785.7683.9284.5285.9687.5488.1184.7983
South Texas Light Sweet97.2593.5092.0091.5092.5090.7591.2592.7594.2595.0091.5917
Southwest Wyoming Sweet96.0992.3290.9190.4291.5189.6790.2791.7193.2993.8690.5483
Uinta Basin Black Wax89.5985.8284.4183.9285.0183.1783.7785.2186.7987.3684.0483
West Texas Intermediate99.2595.5094.0093.5094.5092.7593.2594.7596.2597.0093.5917
West Texas Sour (34°)94.5090.7589.2588.7589.7588.0088.5090.0091.5092.2588.8417
Western Colorado92.5988.8287.4186.9288.0186.1786.7788.2189.7990.3687.0483
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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