North America Crude Oil Marketing - June 2001 Summary California Bulletins 01-CA32 to 01-CA37, 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	CA32 06/06	CA33 06/11	CA34 06/12	CA35 06/18
Asphalto		25.25	25.75	26.25	25.25
Belridge Hvy (under 28�)		21.45	21.95	22.45	21.45
Belridge Lt (over 28�)		25.00	25.50	26.00	25.00
Buena Vista Hills		23.95	24.45	24.95	23.95
Cal Canal		26.10	26.60	27.10	26.10
Coalinga		21.75	22.25	22.75	21.75
Cymric		21.05	21.55	22.05	21.05
Huntington Beach		22.35	22.85	23.35	22.35
Kern River		21.25	21.75	22.25	21.25
Kettleman Hills		25.50	26.00	26.50	25.50
Lost Hills		24.95	25.45	25.95	24.95
McKittrick		21.25	21.75	22.25	21.25
Midway Sunset		21.25	21.75	22.25	21.25
Montebello		23.35	23.85	24.35	23.35
Pt Arguello (onshore)		17.90	18.40	18.90	17.90
Railroad Gap		25.10	25.60	26.10	25.10
Seal Beach		24.45	24.95	25.45	24.45

California	API	CA36 06/20	CA37 06/27		Mthly Avg
Asphalto		24.25	23.25		25.0500
Belridge Hvy (under 28�)		20.45	19.45		21.2500
Belridge Lt (over 28�)		24.00	23.00		24.8000
Buena Vista Hills		22.95	21.95		23.7500
Cal Canal		25.10	24.10		25.9000
Coalinga		20.75	19.75		21.5500
Cymric		20.05	19.05		20.8500
Huntington Beach		21.35	20.35		22.1500
Kern River		20.25	19.25		21.0500
Kettleman Hills		24.50	23.50		25.3000
Lost Hills		23.95	22.95		24.7500
McKittrick		20.25	19.25		21.0500
Midway Sunset		20.25	19.25		21.0500
Montebello		22.35	21.35		23.1500
Pt Arguello (onshore)		16.90	15.90		17.7000
Railroad Gap		24.10	23.10		24.9000
Seal Beach		23.45	22.45		24.2500

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.