Chevron
North America Crude Oil Marketing - July 2008 Summary California Bulletins 08-CA126 to 08-CA146, 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
CaliforniaAPICA126
07/01
CA127
07/02
CA128
07/03
CA129
07/07
CA130
07/08
CA131
07/10
CA132
07/11
CA133
07/14
CA134
07/15
CA135
07/16
CA136
07/17
Buena Vista Hills133.05135.65137.35133.45128.00133.60137.05137.15130.70126.85121.55
Coalinga127.60130.20131.90128.00122.55128.15131.60131.70125.25121.40116.10
Huntington Beach129.20131.80133.50129.60124.15129.75133.20133.30126.85123.00117.70
Kettleman Hills136.60139.20140.90137.00131.55137.15140.60140.70134.25130.40125.10
Lost Hills134.80137.40139.10135.20129.75135.35138.80138.90132.45128.60123.30
McKittrick126.85129.45131.15127.25121.80127.40130.85130.95124.50120.65115.35
Midway Sunset126.85129.45131.15127.25121.80127.40130.85130.95124.50120.65115.35
Seal Beach134.10136.70138.40134.50129.05134.65138.10138.20131.75127.90122.60
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
CaliforniaAPICA137
07/18
CA138
07/21
CA139
07/22
CA140
07/23
CA141
07/24
CA142
07/25
CA143
07/28
CA144
07/29
CA145
07/30
CA146
07/31
Mthly
Avg
Buena Vista Hills121.25123.50120.50117.00118.05115.80117.25114.70119.30116.60126.6645
Coalinga115.80118.05115.05111.55112.60110.35111.80109.25113.85111.15121.2145
Huntington Beach117.40119.65116.65113.15114.20111.95113.40110.85115.45112.75122.8145
Kettleman Hills124.80127.05124.05120.55121.60119.35120.80118.25122.85120.15130.2145
Lost Hills123.00125.25122.25118.75119.80117.55119.00116.45121.05118.35128.4145
McKittrick115.05117.30114.30110.80111.85109.60111.05108.50113.10110.40120.4645
Midway Sunset115.05117.30114.30110.80111.85109.60111.05108.50113.10110.40120.4645
Seal Beach122.30124.55121.55118.05119.10116.85118.30115.75120.35117.65127.7145
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°API0.04500.04500.04500.04500.04500.04500.04500.04500.04500.04500.0450
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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