Chevron Crude Oil Marketing - North America - May 2002 California Summary

North America Crude Oil Marketing - May 2002 Summary California Bulletins 02-CA38 to 02-CA51, 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	CA38 05/01	CA39 05/02	CA40 05/06	CA41 05/07	CA42 05/08	CA43 05/13	CA44 05/14	CA45 05/15
Asphalto	24.95	24.45	24.20	24.45	25.70	26.20	27.20	25.95
Belridge Hvy (under 28ï¿½)	22.60	22.10	21.85	22.10	23.35	23.85	24.85	23.60
Belridge Lt (over 28ï¿½)	24.90	24.40	24.15	24.40	25.65	26.15	27.15	25.90
Buena Vista Hills	24.20	23.70	23.45	23.70	24.95	25.45	26.45	25.20
Cal Canal	25.70	25.20	24.95	25.20	26.45	26.95	27.95	26.70
Coalinga	22.90	22.40	22.15	22.40	23.65	24.15	25.15	23.90
Cymric	22.40	21.90	21.65	21.90	23.15	23.65	24.65	23.40
Huntington Beach	23.25	22.75	22.50	22.75	24.00	24.50	25.50	24.25
Kern River	22.50	22.00	21.75	22.00	23.25	23.75	24.75	23.50
Kettleman Hills	25.10	24.60	24.35	24.60	25.85	26.35	27.35	26.10
Lost Hills	24.85	24.35	24.10	24.35	25.60	26.10	27.10	25.85
McKittrick	22.50	22.00	21.75	22.00	23.25	23.75	24.75	23.50
Midway Sunset	22.50	22.00	21.75	22.00	23.25	23.75	24.75	23.50
Montebello	23.90	23.40	23.15	23.40	24.65	25.15	26.15	24.90
Pt Arguello (onshore)	19.15	18.65	18.40	18.65	19.90	20.40	21.40	20.15
Railroad Gap	24.90	24.40	24.15	24.40	25.65	26.15	27.15	25.90
San Ardo	21.15	20.65	20.40	20.65	21.90	22.40	23.40	22.15
Seal Beach	24.55	24.05	23.80	24.05	25.30	25.80	26.80	25.55

California	CA46 05/21	CA47 05/23	CA48 05/24	CA49 05/28	CA50 05/30	CA51 05/31	Mthly Avg
Asphalto	24.95	24.45	24.20	23.45	22.45	22.70	24.9097
Belridge Hvy (under 28ï¿½)	22.60	22.10	21.85	21.10	20.10	20.35	22.5597
Belridge Lt (over 28ï¿½)	24.90	24.40	24.15	23.40	22.40	22.65	24.8597
Buena Vista Hills	24.20	23.70	23.45	22.70	21.70	21.95	24.1597
Cal Canal	25.70	25.20	24.95	24.20	23.20	23.45	25.6597
Coalinga	22.90	22.40	22.15	21.40	20.40	20.65	22.8597
Cymric	22.40	21.90	21.65	20.90	19.90	20.15	22.3597
Huntington Beach	23.25	22.75	22.50	21.75	20.75	21.00	23.2097
Kern River	22.50	22.00	21.75	21.00	20.00	20.25	22.4597
Kettleman Hills	25.10	24.60	24.35	23.60	22.60	22.85	25.0597
Lost Hills	24.85	24.35	24.10	23.35	22.35	22.60	24.8097
McKittrick	22.50	22.00	21.75	21.00	20.00	20.25	22.4597
Midway Sunset	22.50	22.00	21.75	21.00	20.00	20.25	22.4597
Montebello	23.90	23.40	23.15	22.40	21.40	21.65	23.8597
Pt Arguello (onshore)	19.15	18.65	18.40	17.65	16.65	16.90	19.1097
Railroad Gap	24.90	24.40	24.15	23.40	22.40	22.65	24.8597
San Ardo	21.15	20.65	20.40	19.65	18.65	18.90	21.1097
Seal Beach	24.55	24.05	23.80	23.05	22.05	22.30	24.5097

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.