Chevron
North America Crude Oil Marketing - September 2012 Summary California Bulletins 12-CA170 to 12-CA188, 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
CaliforniaAPICA170
09/04
CA171
09/05
CA172
09/06
CA173
09/07
CA174
09/10
CA175
09/11
CA176
09/12
CA177
09/13
CA178
09/14
CA179
09/17
Buena Vista Hills110.65111.20111.85112.75113.35114.00113.85115.15115.85113.45
Midway Sunset105.20105.75106.40107.30107.90108.55108.40109.70110.40108.00
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425
CaliforniaAPICA180
09/18
CA181
09/19
CA182
09/20
CA183
09/21
CA184
09/24
CA185
09/25
CA186
09/26
CA187
09/27
CA188
09/28
Mthly
Avg
Buena Vista Hills112.10108.80108.70109.70108.75108.20106.80108.70109.05111.4333
Midway Sunset106.65103.35103.25104.25103.30102.75101.35103.25103.60105.9833
Gravity AdjustmentPrice Adjustment $/bbl/Tenth°API
Above 40.0°API0.00000.00000.00000.00000.00000.00000.00000.00000.00000.0000
34.0° to 40.0°API0.01000.01000.01000.01000.01000.01000.01000.01000.01000.0100
Below 34.0°API0.04250.04250.04250.04250.04250.04250.04250.04250.04250.0425
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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