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

North America Crude Oil Marketing - August 2002 Summary California Bulletins 02-CA70 to 02-CA84, 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	CA70 08/01	CA71 08/06	CA72 08/07	CA73 08/09	CA74 08/12	CA75 08/14	CA76 08/15	CA77 08/16
Asphalto	24.45	24.95	24.45	24.70	25.70	25.95	26.70	26.95
Belridge Hvy (under 28ï¿½)	22.10	22.60	22.10	22.35	23.35	23.60	24.35	24.60
Belridge Lt (over 28ï¿½)	24.40	24.90	24.40	24.65	25.65	25.90	26.65	26.90
Buena Vista Hills	23.70	24.20	23.70	23.95	24.95	25.20	25.95	26.20
Cal Canal	25.20	25.70	25.20	25.45	26.45	26.70	27.45	27.70
Coalinga	22.40	22.90	22.40	22.65	23.65	23.90	24.65	24.90
Cymric	21.90	22.40	21.90	22.15	23.15	23.40	24.15	24.40
Huntington Beach	22.75	23.25	22.75	23.00	24.00	24.25	25.00	25.25
Kern River	22.00	22.50	22.00	22.25	23.25	23.50	24.25	24.50
Kettleman Hills	24.60	25.10	24.60	24.85	25.85	26.10	26.85	27.10
Lost Hills	24.35	24.85	24.35	24.60	25.60	25.85	26.60	26.85
McKittrick	22.00	22.50	22.00	22.25	23.25	23.50	24.25	24.50
Midway Sunset	22.00	22.50	22.00	22.25	23.25	23.50	24.25	24.50
Montebello	23.40	23.90	23.40	23.65	24.65	24.90	25.65	25.90
Pt Arguello (onshore)	18.65	19.15	18.65	18.90	19.90	20.15	20.90	21.15
Railroad Gap	24.40	24.90	24.40	24.65	25.65	25.90	26.65	26.90
San Ardo	20.65	21.15	20.65	20.90	21.90	22.15	22.90	23.15
Seal Beach	24.05	24.55	24.05	24.30	25.30	25.55	26.30	26.55

California	CA78 08/19	CA79 08/20	CA80 08/23	CA81 08/26	CA82 08/27	CA83 08/28	CA84 08/29	Mthly Avg
Asphalto	27.45	27.70	27.20	27.70	26.95	26.45	26.95	26.1032
Belridge Hvy (under 28ï¿½)	25.10	25.35	24.85	25.35	24.60	24.10	24.60	23.7532
Belridge Lt (over 28ï¿½)	27.40	27.65	27.15	27.65	26.90	26.40	26.90	26.0532
Buena Vista Hills	26.70	26.95	26.45	26.95	26.20	25.70	26.20	25.3532
Cal Canal	28.20	28.45	27.95	28.45	27.70	27.20	27.70	26.8532
Coalinga	25.40	25.65	25.15	25.65	24.90	24.40	24.90	24.0532
Cymric	24.90	25.15	24.65	25.15	24.40	23.90	24.40	23.5532
Huntington Beach	25.75	26.00	25.50	26.00	25.25	24.75	25.25	24.4032
Kern River	25.00	25.25	24.75	25.25	24.50	24.00	24.50	23.6532
Kettleman Hills	27.60	27.85	27.35	27.85	27.10	26.60	27.10	26.2532
Lost Hills	27.35	27.60	27.10	27.60	26.85	26.35	26.85	26.0032
McKittrick	25.00	25.25	24.75	25.25	24.50	24.00	24.50	23.6532
Midway Sunset	25.00	25.25	24.75	25.25	24.50	24.00	24.50	23.6532
Montebello	26.40	26.65	26.15	26.65	25.90	25.40	25.90	25.0532
Pt Arguello (onshore)	21.65	21.90	21.40	21.90	21.15	20.65	21.15	20.3032
Railroad Gap	27.40	27.65	27.15	27.65	26.90	26.40	26.90	26.0532
San Ardo	23.65	23.90	23.40	23.90	23.15	22.65	23.15	22.3032
Seal Beach	27.05	27.30	26.80	27.30	26.55	26.05	26.55	25.7032

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.