Chevron
North America Crude Oil Marketing - May 2016 Summary East of the Rockies Bulletins 16-E100 to 16-E99, 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 RockiesE83
05/02
E84
05/03
E85
05/04
E86
05/05
E87
05/06
E88
05/09
E89
05/10
E90
05/11
E91
05/12
E92
05/13
E93
05/16
Gvty
Adj*
Altamont Yellow Wax40.0338.9039.0339.5739.9138.6939.9141.4841.9541.4642.97
Rocky Mountain Condensate35.2834.1534.2834.8235.1633.9435.1636.7337.2036.7138.22
Southwest Wyoming Sweet41.0339.9040.0340.5740.9139.6940.9142.4842.9542.4643.97
Uinta Basin Black Wax39.0337.9038.0338.5738.9137.6938.9140.4840.9540.4641.97
Western Colorado36.2835.1535.2835.8236.1634.9436.1637.7338.2037.7139.22
East of the RockiesE94
05/17
E95
05/18
E96
05/19
E97
05/20
E98
05/23
E99
05/24
E100
05/25
E101
05/26
E102
05/27
E103
05/31
Gvty
Adj*
Mthly
Avg
Altamont Yellow Wax43.5643.4443.4143.0043.3343.8744.8144.7344.5844.3542.1494
Rocky Mountain Condensate38.8138.6938.6638.2538.5839.1240.0639.9839.8339.6037.3994
Southwest Wyoming Sweet44.5644.4444.4144.0044.3344.8745.8145.7345.5845.3543.1494
Uinta Basin Black Wax42.5642.4442.4142.0042.3342.8743.8143.7343.5843.3541.1494
Western Colorado39.8139.6939.6639.2539.5840.1241.0640.9840.8340.6038.3994
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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