Chevron
North America Crude Oil Marketing - December 2014 Summary East of the Rockies Bulletins 14-E231 to 14-E252, 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 RockiesE231
12/01
E232
12/02
E233
12/03
E234
12/04
E235
12/05
E236
12/08
E237
12/09
E238
12/10
E239
12/11
E240
12/12
E241
12/15
E242
12/16
Gvty
Adj*
Altamont Yellow Wax5249.8850.3849.8148.8446.0546.8243.9442.9540.8138.9138.93
Rocky Mountain Condensate5754.8855.3854.8153.8451.0551.8248.9447.9545.8143.9143.93
Southwest Wyoming Sweet61.7559.6360.1359.5658.5955.8056.5753.6952.750.5648.6648.68
Uinta Basin Black Wax5148.8849.3848.8147.8445.0545.8242.9441.9539.8137.9137.93
Western Colorado5855.8856.3855.8154.8452.0552.8249.9448.9546.8144.9144.93
East of the RockiesE243
12/17
E244
12/18
E245
12/19
E246
12/22
E247
12/23
E248
12/24
E249
12/26
E250
12/29
E251
12/30
E252
12/31
 Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax39.4737.1139.5238.2640.1238.8437.7336.6137.1236.27 42.0326
Rocky Mountain Condensate44.4742.1144.5243.2645.1243.8442.7341.6142.1241.27 47.0326
Southwest Wyoming Sweet49.2246.8649.2748.0149.8748.5947.4846.3646.8746.02 51.7826
Uinta Basin Black Wax38.4736.1138.5237.2639.1237.8436.7335.6136.1235.27 41.0326
Western Colorado45.4743.1145.5244.2646.1244.8443.7342.6143.1242.27 48.0326
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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