North America Crude Oil Marketing - November 2001 Summary California Bulletins 01-CA64 to 01-CA73, 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

California	API	CA64 11/01	CA65 11/08	CA66 11/09	CA67 11/12	CA68 11/14	CA69 11/15
Asphalto		17.10	17.85	18.85	18.35	16.85	14.60
Belridge Hvy (under 28�)		13.65	14.40	15.40	14.90	13.40	11.15
Belridge Lt (over 28�)		16.90	17.65	18.65	18.15	16.65	14.40
Buena Vista Hills		15.95	16.70	17.70	17.20	15.70	13.45
Cal Canal		17.95	18.70	19.70	19.20	17.70	15.45
Coalinga		13.95	14.70	15.70	15.20	13.70	11.45
Cymric		13.30	14.05	15.05	14.55	13.05	10.80
Huntington Beach		14.55	15.30	16.30	15.80	14.30	12.05
Kern River		13.50	14.25	15.25	14.75	13.25	11.00
Kettleman Hills		17.35	18.10	19.10	18.60	17.10	14.85
Lost Hills		16.85	17.60	18.60	18.10	16.60	14.35
McKittrick		13.50	14.25	15.25	14.75	13.25	11.00
Midway Sunset		13.50	14.25	15.25	14.75	13.25	11.00
Montebello		15.45	16.20	17.20	16.70	15.20	12.95
Pt Arguello (onshore)		10.15	10.90	11.90	11.40	9.90	7.65
Railroad Gap		17.00	17.75	18.75	18.25	16.75	14.50
Seal Beach		16.40	17.15	18.15	17.65	16.15	13.90

California	API	CA70 11/20	CA71 11/27	CA72 11/29	CA73 11/30		Mthly Avg
Asphalto		15.10	15.85	15.35	16.10		16.3167
Belridge Hvy (under 28�)		11.65	12.40	11.90	12.65		12.8667
Belridge Lt (over 28�)		14.90	15.65	15.15	15.90		16.1167
Buena Vista Hills		13.95	14.70	14.20	14.95		15.1667
Cal Canal		15.95	16.70	16.20	16.95		17.1667
Coalinga		11.95	12.70	12.20	12.95		13.1667
Cymric		11.30	12.05	11.55	12.30		12.5167
Huntington Beach		12.55	13.30	12.80	13.55		13.7667
Kern River		11.50	12.25	11.75	12.50		12.7167
Kettleman Hills		15.35	16.10	15.60	16.35		16.5667
Lost Hills		14.85	15.60	15.10	15.85		16.0667
McKittrick		11.50	12.25	11.75	12.50		12.7167
Midway Sunset		11.50	12.25	11.75	12.50		12.7167
Montebello		13.45	14.20	13.70	14.45		14.6667
Pt Arguello (onshore)		8.15	8.90	8.40	9.15		9.3667
Railroad Gap		15.00	15.75	15.25	16.00		16.2167
Seal Beach		14.40	15.15	14.65	15.40		15.6167

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.