Chevron
North America Crude Oil Marketing - March 2012 Summary East of the Rockies Bulletins 12-E40 to 12-E61, 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 RockiesE40
03/01
E41
03/02
E42
03/05
E43
03/06
E44
03/07
E45
03/08
E46
03/09
E47
03/12
E48
03/13
E49
03/14
E50
03/15
E51
03/16
Gvty
Adj*
Altamont Yellow Wax94.5992.4592.4790.4591.9192.3393.1592.1592.4691.1890.1192.06B
Bonito Sour (Onshore)123.00121.00121.00119.00120.25120.75121.50120.50121.00119.75119.25121.25A
Deepwater Sour (Onshore) (30°)121.25119.00119.00117.00118.50119.00119.75118.75119.00117.75117.50119.50F,G
East Texas105.25103.00103.00101.00102.50103.00103.75102.75103.00101.75101.50103.25none
Eugene Island Sour (Onshore)123.75121.50121.50119.50121.00121.50122.25121.25121.50120.25120.00122.00A
Heavy Louisiana Sweet (Onshore)127.50125.25125.25123.25124.75125.25126.00125.00125.25124.00123.75125.50A
Light Louisiana Sweet (Onshore)125.00122.75122.75120.75122.25122.75123.50122.50122.75121.50121.25123.25A
New Mexico Intermediate105.50103.25103.25101.25102.75103.25104.00103.00103.25102.00101.75103.50none
New Mexico Sour (34°)102.50100.25100.2598.2599.75100.25101.00100.00100.2599.0098.75100.50none
North Texas Sweet105.50103.25103.25101.25102.75103.25104.00103.00103.25102.00101.75103.50none
Oklahoma Sour102.50100.25100.2598.2599.75100.25101.00100.00100.2599.0098.75100.50none
Oklahoma Sweet105.50103.25103.25101.25102.75103.25104.00103.00103.25102.00101.75103.50none
Rocky Mountain Condensate97.0994.9594.9792.9594.4192.8393.6592.6592.9691.6889.8691.81H
South Texas Light Sweet103.50101.25101.2599.25100.75101.25102.00101.00101.25100.0099.75101.50none
Southwest Wyoming Sweet102.59100.45100.4798.4599.9198.3399.1598.1598.4697.1895.1197.06E
Uinta Basin Black Wax93.5991.4591.4789.4590.9191.3392.1591.1591.4690.1889.1191.06B
West Texas Intermediate105.50103.25103.25101.25102.75103.25104.00103.00103.25102.00101.75103.50none
West Texas Sour (34°)102.50100.25100.2598.2599.75100.25101.00100.00100.2599.0098.75100.50none
Western Colorado98.5996.4596.4794.4595.9194.3395.1594.1594.4693.1891.3693.31B
East of the RockiesE52
03/19
E53
03/20
E54
03/21
E55
03/22
E56
03/23
E57
03/26
E58
03/27
E59
03/28
E60
03/29
E61
03/30
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax93.0990.6192.2790.3591.8792.0392.3390.4187.7888.02 91.6500
Bonito Sour (Onshore)122.25119.75121.50119.50121.00121.25121.50119.50117.00117.25 120.5000
Deepwater Sour (Onshore) (30°)120.50118.00119.50117.75119.25119.25119.75117.75115.00115.25 118.6532
East Texas104.50102.00103.50101.75103.25103.25103.75101.7599.0099.25 102.6290
Eugene Island Sour (Onshore)123.00120.50122.25120.25121.75122.00122.25120.25117.75118.00 121.1935
Heavy Louisiana Sweet (Onshore)126.75124.25125.75124.00125.50125.50126.00124.00121.25121.50 124.8790
Light Louisiana Sweet (Onshore)124.25121.75123.25121.50123.00123.00123.50121.50118.75119.00 122.4032
New Mexico Intermediate104.75102.25103.75102.00103.50103.50104.00102.0099.2599.50 102.8790
New Mexico Sour (34°)101.7599.25100.7599.00100.50100.50101.0099.0096.2596.50 99.8790
North Texas Sweet104.75102.25103.75102.00103.50103.50104.00102.0099.2599.50 102.8790
Oklahoma Sour101.7599.25100.7599.00100.50100.50101.0099.0096.2596.50 99.8790
Oklahoma Sweet104.75102.25103.75102.00103.50103.50104.00102.0099.2599.50 102.8790
Rocky Mountain Condensate92.8490.3692.0290.1091.6291.7892.0890.1687.5387.77 92.1903
South Texas Light Sweet102.75100.25101.75100.00101.50101.50102.00100.0097.2597.50 100.8790
Southwest Wyoming Sweet98.0995.6197.2795.3596.8797.0397.3395.4192.7893.02 97.5532
Uinta Basin Black Wax92.0989.6191.2789.3590.8791.0391.3389.4186.7887.02 90.6500
West Texas Intermediate104.75102.25103.75102.00103.50103.50104.00102.0099.2599.50 102.8790
West Texas Sour (34°)101.7599.25100.7599.00100.50100.50101.0099.0096.2596.50 99.8790
Western Colorado94.3491.8693.5291.6093.1293.2893.5891.6689.0389.27 93.6903
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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