Chevron
North America Crude Oil Marketing - December 2012 Summary California Bulletins 12-CA233 to 12-CA252, 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
CaliforniaAPICA233
12/03
CA234
12/04
CA235
12/05
CA236
12/06
CA237
12/07
CA238
12/10
CA239
12/11
CA240
12/12
CA241
12/13
CA242
12/14
CA243
12/17
Buena Vista Hills107.80107.45106.85105.25104.90104.55104.80105.80104.90105.75106.20
Midway Sunset102.35102.00101.4099.8099.4599.1099.35100.3599.45100.30100.75
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
CaliforniaAPICA244
12/18
CA245
12/19
CA246
12/20
CA247
12/21
CA248
12/24
CA249
12/26
CA250
12/27
CA251
12/28
CA252
12/31
 Mthly
Avg
Buena Vista Hills107.20108.80109.40107.95107.90110.25110.15110.10111.10 107.3258
Midway Sunset101.75103.35103.95102.50102.45104.80104.70104.65105.65 101.8758
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.0000 0.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.0100 0.0100
Below 34.0°API0.04250.04250.04250.04250.04250.04250.04250.04250.0425 0.0425
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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