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

North America Crude Oil Marketing - May 2002 Summary East of the Rockies Bulletins 02-E83 to 02-E104, 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	E83 05/01	E84 05/02	E85 05/03	E86 05/06	E87 05/07	E88 05/08	E89 05/09	E90 05/10	E91 05/13	E92 05/14	E93 05/15	E94 05/16	Gvty Adj*
Altamont Yellow Wax	27.00	26.49	26.87	26.37	26.88	28.10	27.93	28.24	28.63	29.61	28.40	28.20	B
Bonito Sour (Onshore)	26.25	25.75	26.00	25.50	26.00	27.25	27.00	27.50	27.75	28.75	27.50	27.50	A
Deepwater Sour (Onshore) (30ï¿½)	24.75	24.25	24.50	24.00	24.50	25.75	25.75	26.00	26.25	27.25	26.25	26.00	F,G
East Texas	26.21	25.70	26.08	25.58	26.09	27.31	27.14	27.45	27.84	28.82	27.61	27.41	none
Eugene Island Sour (Onshore)	26.00	25.50	26.00	25.50	26.00	27.25	27.00	27.25	27.75	28.75	27.50	27.25	A
Heavy Louisiana Sweet (Onshore)	27.00	26.50	27.00	26.50	27.00	28.25	28.00	28.25	28.75	29.75	28.50	28.25	A
Light Louisiana Sweet (Onshore)	27.00	26.50	26.75	26.25	26.75	28.00	28.00	28.25	28.50	29.50	28.25	28.25	A
New Mexico Intermediate	26.48	25.97	26.35	25.85	26.36	27.58	27.41	27.72	28.11	29.09	27.88	27.68	none
New Mexico Sour (34ï¿½)	25.65	25.14	25.52	25.02	25.53	26.75	26.58	26.89	27.28	28.26	27.05	26.85	none
North Texas Sweet	25.83	25.32	25.70	25.20	25.71	26.93	26.76	27.07	27.46	28.44	27.23	27.03	none
Oklahoma Sour	25.65	25.14	25.52	25.02	25.53	26.75	26.58	26.89	27.28	28.26	27.05	26.85	none
Oklahoma Sweet	26.70	26.19	26.57	26.07	26.58	27.80	27.63	27.94	28.33	29.31	28.10	27.90	none
South Texas Light Sweet	25.15	24.64	25.02	24.52	25.03	26.25	26.08	26.39	26.78	27.76	26.55	26.35	none
Southwest Wyoming Sweet	27.55	27.04	27.42	26.92	27.43	28.65	28.48	28.79	29.18	30.16	28.95	28.75	E
Uinta Basin Black Wax	23.50	22.99	23.37	22.87	23.38	24.60	24.43	24.74	25.13	26.11	24.90	24.70	B
West Texas Intermediate	25.95	25.44	25.82	25.32	25.83	27.05	26.88	27.19	27.58	28.56	27.35	27.15	none
West Texas Sour (34ï¿½)	25.17	24.66	25.04	24.54	25.05	26.27	26.10	26.41	26.80	27.78	26.57	26.37	none
Western Colorado	27.54	27.03	27.41	26.91	27.42	28.64	28.47	28.78	29.17	30.15	28.94	28.74	B

East of the Rockies	E95 05/17	E96 05/20	E97 05/21	E98 05/22	E99 05/23	E100 05/24	E101 05/28	E102 05/29	E103 05/30	E104 05/31	Mthly Avg
Altamont Yellow Wax	28.43	28.58	27.58	26.62	26.40	26.13	25.52	26.01	24.92	25.56	27.2239
Bonito Sour (Onshore)	27.50	27.75	26.75	25.75	25.50	25.25	24.75	25.25	24.00	24.75	26.3790
Deepwater Sour (Onshore) (30ï¿½)	26.25	26.25	25.25	24.25	24.25	23.75	23.25	23.75	22.75	23.25	24.9355
East Texas	27.64	27.79	26.79	25.83	25.61	25.34	24.73	25.22	24.13	24.77	26.4339
Eugene Island Sour (Onshore)	27.50	27.75	26.75	25.75	25.50	25.25	24.50	25.00	24.00	24.75	26.3145
Heavy Louisiana Sweet (Onshore)	28.50	28.75	27.75	26.75	26.50	26.25	25.50	26.00	25.00	25.75	27.3145
Light Louisiana Sweet (Onshore)	28.50	28.50	27.50	26.50	26.25	26.00	25.50	26.00	24.75	25.50	27.1613
New Mexico Intermediate	27.91	28.06	27.06	26.10	25.88	25.61	25.00	25.49	24.40	25.04	26.7039
New Mexico Sour (34ï¿½)	27.08	27.23	26.23	25.27	25.05	24.78	24.17	24.66	23.57	24.21	25.8739
North Texas Sweet	27.26	27.41	26.41	25.45	25.23	24.96	24.35	24.84	23.75	24.39	26.0539
Oklahoma Sour	27.08	27.23	26.23	25.27	25.05	24.78	24.17	24.66	23.57	24.21	25.8739
Oklahoma Sweet	28.13	28.28	27.28	26.32	26.10	25.83	25.22	25.71	24.62	25.26	26.9239
South Texas Light Sweet	26.58	26.73	25.73	24.77	24.55	24.28	23.67	24.16	23.07	23.71	25.3739
Southwest Wyoming Sweet	28.98	29.13	28.13	27.17	26.95	26.68	26.07	26.56	25.47	26.11	27.7739
Uinta Basin Black Wax	24.93	25.08	24.08	23.12	22.90	22.63	22.02	22.51	21.42	22.06	23.7239
West Texas Intermediate	27.38	27.53	26.53	25.57	25.35	25.08	24.47	24.96	23.87	24.51	26.1739
West Texas Sour (34ï¿½)	26.60	26.75	25.75	24.79	24.57	24.30	23.69	24.18	23.09	23.73	25.3939
Western Colorado	28.97	29.12	28.12	27.16	26.94	26.67	26.06	26.55	25.46	26.10	27.7639

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.