Chevron Crude Oil Marketing - North America - January 2002 East of the Rockies Summary

North America Crude Oil Marketing - January 2002 Summary East of the Rockies Bulletins 02-E1 to 02-E22, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 a.m. on the date(s) indicated, and subject to change without notice and subject to the terms and conditions of its division orders or other contracts, Chevron will pay the following prices ($/bbl) for oil at 40.0° API and above, except as noted below, delivered into pipelines for its account into the custody of its authorized carrier or receiving agent. The posted prices for crude oil transported by truck or barge will be the following prices less appropriate trucking or barge cost. The posted prices for crude oil received off shore will be the following prices less appropriate transportation and quality costs to get the crude on shore. Regarding technical issues of Chevron's most recent posted prices, call Christine Mathwig 832-854-5159.

POSTINGS WILL BE DISCONTINUED AS OF 8/1/19

* Prices are subject to a Gravity Adjustment Scale

East of the Rockies	E1 01/01	E2 01/02	E3 01/03	E4 01/04	E5 01/07	E6 01/08	E7 01/09	E8 01/10	E9 01/11	E10 01/14	E11 01/15	E12 01/16	Gvty Adj*
Altamont Yellow Wax	20.09	21.26	20.62	21.87	21.73	21.50	20.43	20.63	19.93	19.14	19.15	19.11	B
Bonito Sour (Onshore)	18.50	19.75	19.00	20.25	20.25	20.00	18.75	19.00	18.25	17.50	17.50	17.50	A
Deepwater Sour (Onshore) (30ï¿½)	16.25	17.25	16.75	18.00	17.75	17.50	16.50	16.75	16.00	15.25	15.25	15.25	F,G
East Texas	18.97	20.14	19.50	20.75	20.61	20.38	19.31	19.51	18.81	18.02	18.03	17.99	none
Eugene Island Sour (Onshore)	18.75	19.75	19.25	20.50	20.25	20.00	19.00	19.25	18.50	17.75	17.75	17.75	A
Heavy Louisiana Sweet (Onshore)	19.50	20.75	20.00	21.25	21.25	21.00	19.75	20.00	19.25	18.50	18.50	18.50	A
Light Louisiana Sweet (Onshore)	19.50	20.50	20.00	21.25	21.00	20.75	19.75	20.00	19.25	18.50	18.50	18.50	A
New Mexico Intermediate	19.21	20.38	19.74	20.99	20.85	20.62	19.55	19.75	19.05	18.26	18.27	18.23	none
New Mexico Sour (34ï¿½)	17.63	18.80	18.16	19.41	19.27	19.04	17.97	18.17	17.47	16.68	16.69	16.65	none
North Texas Sweet	18.59	19.76	19.12	20.37	20.23	20.00	18.93	19.13	18.43	17.64	17.65	17.61	none
Oklahoma Sour	17.63	18.80	18.16	19.41	19.27	19.04	17.97	18.17	17.47	16.68	16.69	16.65	none
Oklahoma Sweet	19.46	20.63	19.99	21.24	21.10	20.87	19.80	20.00	19.30	18.51	18.52	18.48	none
South Texas Light Sweet	17.88	19.05	18.41	19.66	19.52	19.29	18.22	18.42	17.72	16.93	16.94	16.90	none
Southwest Wyoming Sweet	20.64	21.81	21.17	22.42	22.28	22.05	20.98	21.18	20.48	19.69	19.70	19.66	E
Uinta Basin Black Wax	16.59	17.76	17.12	18.37	18.23	18.00	16.93	17.13	16.43	15.64	15.65	15.61	B
West Texas Intermediate	18.68	19.85	19.21	20.46	20.32	20.09	19.02	19.22	18.52	17.73	17.74	17.70	none
West Texas Sour (34ï¿½)	17.17	18.34	17.70	18.95	18.81	18.58	17.51	17.71	17.01	16.22	16.23	16.19	none
Western Colorado	20.63	21.80	21.16	22.41	22.27	22.04	20.97	21.17	20.47	19.68	19.69	19.65	B

East of the Rockies	E13 01/17	E14 01/18	E15 01/22	E16 01/23	E17 01/24	E18 01/25	E19 01/28	E20 01/29	E21 01/30	E22 01/31	Mthly Avg
Altamont Yellow Wax	18.22	18.25	18.59	19.75	19.95	20.24	20.30	19.83	19.33	19.73	19.9510
Bonito Sour (Onshore)	16.75	16.75	17.00	18.25	18.25	18.75	18.75	18.25	17.75	18.25	18.3790
Deepwater Sour (Onshore) (30ï¿½)	14.25	14.25	14.75	15.75	16.00	16.25	16.25	16.00	15.50	15.75	16.0161
East Texas	17.10	17.13	17.47	18.63	18.83	19.12	19.18	18.71	18.21	18.61	18.8310
Eugene Island Sour (Onshore)	16.75	16.75	17.25	18.25	18.50	18.75	19.00	18.50	18.00	18.25	18.5242
Heavy Louisiana Sweet (Onshore)	17.75	17.75	18.00	19.25	19.25	19.75	19.75	19.25	18.75	19.25	19.3790
Light Louisiana Sweet (Onshore)	17.50	17.50	18.00	19.00	19.25	19.50	19.50	19.00	18.50	19.00	19.2500
New Mexico Intermediate	17.34	17.37	17.71	18.87	19.07	19.36	19.42	18.95	18.45	18.85	19.0710
New Mexico Sour (34ï¿½)	15.76	15.79	16.13	17.29	17.49	17.78	17.84	17.37	16.87	17.27	17.4910
North Texas Sweet	16.72	16.75	17.09	18.25	18.45	18.74	18.80	18.33	17.83	18.23	18.4510
Oklahoma Sour	15.76	15.79	16.13	17.29	17.49	17.78	17.84	17.37	16.87	17.27	17.4910
Oklahoma Sweet	17.59	17.62	17.96	19.12	19.32	19.61	19.67	19.20	18.70	19.10	19.3210
South Texas Light Sweet	16.01	16.04	16.38	17.54	17.74	18.03	18.09	17.62	17.12	17.52	17.7410
Southwest Wyoming Sweet	18.77	18.80	19.14	20.30	20.50	20.79	20.85	20.38	19.88	20.28	20.5010
Uinta Basin Black Wax	14.72	14.75	15.09	16.25	16.45	16.74	16.80	16.33	15.83	16.23	16.4510
West Texas Intermediate	16.81	16.84	17.18	18.34	18.54	18.83	18.89	18.42	17.92	18.32	18.5410
West Texas Sour (34ï¿½)	15.30	15.33	15.67	16.83	17.03	17.32	17.38	16.91	16.41	16.81	17.0310
Western Colorado	18.76	18.79	19.13	20.29	20.49	20.78	20.84	20.37	19.87	20.27	20.4910

Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with provisions of API Standard 1101 or from 100% tank tables with corrections of volume and gravity for temperature to 60°F in accordance with ASTM D-1250 and supplements thereto, if any, and with deductions for full sediment, water and other impurities. Only merchantable oil acceptable to the receiving agency designated by Chevron and containing not more than 1% sediment and water will be accepted.