North America Crude Oil Marketing - November 2002 Summary California Bulletins 02-CA107 to 02-CA114, 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	CA107 11/05	CA108 11/06	CA109 11/07	CA110 11/08	CA111 11/13
Asphalto		23.85	23.75	23.25	23.75	23.00
Belridge Hvy (under 28�)		20.40	19.95	19.45	19.95	19.20
Belridge Lt (over 28�)		23.65	23.50	23.00	23.50	22.75
Buena Vista Hills		22.70	22.45	21.95	22.45	21.70
Cal Canal		24.70	24.60	24.10	24.60	23.85
Coalinga		20.70	20.25	19.75	20.25	19.50
Cymric		20.05	19.55	19.05	19.55	18.80
Huntington Beach		21.30	20.85	20.35	20.85	20.10
Kern River		20.25	19.75	19.25	19.75	19.00
Kettleman Hills		24.10	24.00	23.50	24.00	23.25
Lost Hills		23.60	23.45	22.95	23.45	22.70
McKittrick		20.25	19.75	19.25	19.75	19.00
Midway Sunset		20.25	19.75	19.25	19.75	19.00
Montebello		22.20	21.85	21.35	21.85	21.10
Pt Arguello (onshore)		16.90	16.40	15.90	16.40	15.65
Railroad Gap		23.75	23.60	23.10	23.60	22.85
San Ardo		18.75	18.20	17.70	18.20	17.45
Seal Beach		23.15	22.95	22.45	22.95	22.20

California	API	CA112 11/18	CA113 11/20	CA114 11/22		Mthly Avg
Asphalto		24.25	24.50	24.75		24.1083
Belridge Hvy (under 28�)		20.45	20.70	20.95		20.3667
Belridge Lt (over 28�)		24.00	24.25	24.50		23.8667
Buena Vista Hills		22.95	23.20	23.45		22.8333
Cal Canal		25.10	25.35	25.60		24.9583
Coalinga		20.75	21.00	21.25		20.6667
Cymric		20.05	20.30	20.55		19.9750
Huntington Beach		21.35	21.60	21.85		21.2667
Kern River		20.25	20.50	20.75		20.1750
Kettleman Hills		24.50	24.75	25.00		24.3583
Lost Hills		23.95	24.20	24.45		23.8167
McKittrick		20.25	20.50	20.75		20.1750
Midway Sunset		20.25	20.50	20.75		20.1750
Montebello		22.35	22.60	22.85		22.2500
Pt Arguello (onshore)		16.90	17.15	17.40		16.8250
Railroad Gap		24.10	24.35	24.60		23.9667
San Ardo		18.70	18.95	19.20		18.6333
Seal Beach		23.45	23.70	23.95		23.3250

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.