North America Crude Oil Marketing - March 2001 Summary California Bulletins 01-CA14 to 01-CA20, 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	CA14 03/05	CA15 03/07	CA16 03/09	CA17 03/13
Asphalto		25.00	25.50	25.00	24.50
Belridge Hvy (under 28�)		21.20	21.70	21.20	20.70
Belridge Lt (over 28�)		24.75	25.25	24.75	24.25
Buena Vista Hills		23.70	24.20	23.70	23.20
Cal Canal		25.85	26.35	25.85	25.35
Coalinga		21.50	22.00	21.50	21.00
Cymric		20.80	21.30	20.80	20.30
Huntington Beach		22.20	22.70	22.20	21.70
Kern River		21.00	21.50	21.00	20.50
Kettleman Hills		25.25	25.75	25.25	24.75
Lost Hills		24.70	25.20	24.70	24.20
McKittrick		21.00	21.50	21.00	20.50
Midway Sunset		21.00	21.50	21.00	20.50
Montebello		23.10	23.60	23.10	22.60
Pt Arguello (onshore)		18.15	18.65	18.15	17.65
Railroad Gap		24.85	25.35	24.85	24.35
Seal Beach		24.20	24.70	24.20	23.70

California	API	CA18 03/14	CA19 03/27	CA20 03/28	Mthly Avg
Asphalto		23.35	23.75	23.00	23.9613
Belridge Hvy (under 28�)		19.90	20.65	19.90	20.4210
Belridge Lt (over 28�)		23.15	23.60	22.85	23.7484
Buena Vista Hills		22.20	22.70	21.95	22.7645
Cal Canal		24.20	24.55	23.80	24.8032
Coalinga		20.20	20.95	20.20	20.7210
Cymric		19.60	20.35	19.60	20.0790
Huntington Beach		20.85	21.45	20.70	21.3677
Kern River		19.75	20.50	19.75	20.2500
Kettleman Hills		23.60	23.95	23.20	24.2032
Lost Hills		23.10	23.55	22.80	23.6984
McKittrick		19.75	20.50	19.75	20.2500
Midway Sunset		19.75	20.50	19.75	20.2500
Montebello		21.70	22.25	21.50	22.2306
Pt Arguello (onshore)		16.65	17.15	16.40	17.2145
Railroad Gap		23.25	23.65	22.90	23.8403
Seal Beach		22.65	23.10	22.35	23.2274

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.