North America Crude Oil Marketing - February 2001 Summary California Bulletins 01-CA9 to 01-CA13, 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	CA9 02/02	CA10 02/07	CA11 02/14
Asphalto		26.25	26.65	26.00
Belridge Hvy (under 28�)		21.75	22.45	22.20
Belridge Lt (over 28�)		25.95	26.35	25.75
Buena Vista Hills		24.70	25.20	24.70
Cal Canal		27.15	27.50	26.85
Coalinga		22.05	22.75	22.50
Cymric		21.30	22.10	21.85
Huntington Beach		23.05	23.65	23.25
Kern River		21.50	22.25	22.00
Kettleman Hills		26.55	26.90	26.25
Lost Hills		25.85	26.25	25.70
McKittrick		21.50	22.25	22.00
Midway Sunset		21.50	22.25	22.00
Montebello		23.95	24.55	24.10
Pt Arguello (onshore)		19.40	19.90	19.40
Railroad Gap		26.10	26.50	25.85
Seal Beach		25.30	25.75	25.20

California	API	CA12 02/15	CA13 02/28	Mthly Avg
Asphalto		25.00	24.50	25.6357
Belridge Hvy (under 28�)		21.20	20.70	21.5857
Belridge Lt (over 28�)		24.75	24.25	25.3625
Buena Vista Hills		23.70	23.20	24.2446
Cal Canal		25.85	25.35	26.4964
Coalinga		21.50	21.00	21.8857
Cymric		20.85	20.30	21.2125
Huntington Beach		22.25	21.70	22.7250
Kern River		21.00	20.50	21.3750
Kettleman Hills		25.25	24.75	25.8964
Lost Hills		24.70	24.20	25.2893
McKittrick		21.00	20.50	21.3750
Midway Sunset		21.00	20.50	21.3750
Montebello		23.10	22.60	23.6000
Pt Arguello (onshore)		18.40	17.65	18.9357
Railroad Gap		24.85	24.35	25.4857
Seal Beach		24.20	23.70	24.7786

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.