Chevron Crude Oil Marketing - North America - October 2003 East of the Rockies Summary

North America Crude Oil Marketing - October 2003 Summary East of the Rockies Bulletins 03-E194 to 03-E216, 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	E194 10/01	E195 10/02	E196 10/03	E197 10/06	E198 10/07	E199 10/08	E200 10/09	E201 10/10	E202 10/13	E203 10/14	E204 10/15	E205 10/16	Gvty Adj*
Altamont Yellow Wax	29.39	29.84	30.40	30.47	30.41	29.81	31.01	31.97	31.95	31.82	31.77	31.54	B
Bonito Sour (Onshore)	28.25	28.75	29.25	29.50	29.25	28.75	30.00	31.00	31.00	30.75	30.75	30.50	A
Deepwater Sour (Onshore) (30ï¿½)	25.75	26.25	26.75	26.75	26.75	26.25	27.25	28.25	28.25	28.25	28.00	28.00	F,G
East Texas	29.01	29.46	30.02	30.09	30.03	29.43	30.63	31.59	31.57	31.44	31.39	31.16	none
Eugene Island Sour (Onshore)	27.75	28.25	28.75	28.75	28.75	28.00	29.25	30.25	30.25	30.25	30.00	29.75	A
Heavy Louisiana Sweet (Onshore)	29.00	29.50	30.00	30.00	30.00	29.50	30.75	31.50	31.50	31.50	31.50	31.25	A
Light Louisiana Sweet (Onshore)	29.25	29.75	30.50	30.50	30.50	29.75	31.00	32.00	32.00	31.75	31.75	31.50	A
New Mexico Intermediate	29.23	29.68	30.24	30.31	30.25	29.65	30.85	31.81	31.79	31.66	31.61	31.38	none
New Mexico Sour (34ï¿½)	26.64	27.09	27.65	27.72	27.66	27.06	28.26	29.22	29.20	29.07	29.02	28.79	none
North Texas Sweet	28.27	28.72	29.28	29.35	29.29	28.69	29.89	30.85	30.83	30.70	30.65	30.42	none
Oklahoma Sour	26.64	27.09	27.65	27.72	27.66	27.06	28.26	29.22	29.20	29.07	29.02	28.79	none
Oklahoma Sweet	29.50	29.95	30.51	30.58	30.52	29.92	31.12	32.08	32.06	31.93	31.88	31.65	none
South Texas Light Sweet	27.90	28.35	28.91	28.98	28.92	28.32	29.52	30.48	30.46	30.33	30.28	30.05	none
Southwest Wyoming Sweet	30.19	30.64	31.20	31.27	31.21	30.61	31.81	32.77	32.75	32.62	32.57	32.34	E
Uinta Basin Black Wax	26.64	27.09	27.65	27.72	27.66	27.06	28.26	29.22	29.20	29.07	29.02	28.79	B
West Texas Intermediate	28.69	29.14	29.70	29.77	29.71	29.11	30.31	31.27	31.25	31.12	31.07	30.84	none
West Texas Sour (34ï¿½)	26.09	26.54	27.10	27.17	27.11	26.51	27.71	28.67	28.65	28.52	28.47	28.24	none
Western Colorado	30.18	30.63	31.19	31.26	31.20	30.60	31.80	32.76	32.74	32.61	32.56	32.33	B

East of the Rockies	E206 10/17	E207 10/20	E208 10/21	E209 10/22	E210 10/23	E211 10/24	E212 10/27	E213 10/28	E214 10/29	E215 10/30	E216 10/31	Mthly Avg
Altamont Yellow Wax	30.68	30.35	30.18	29.92	30.30	30.16	29.92	29.56	28.91	28.47	29.11	30.4632
Bonito Sour (Onshore)	29.75	29.25	29.25	28.75	29.25	29.00	28.75	28.50	27.75	27.50	28.00	29.4032
Deepwater Sour (Onshore) (30ï¿½)	27.00	26.75	26.50	26.25	26.75	26.50	26.25	26.00	25.25	24.75	25.50	26.8065
East Texas	30.30	29.97	29.80	29.54	29.92	29.78	29.54	29.18	28.53	28.09	28.73	30.0832
Eugene Island Sour (Onshore)	29.00	28.75	28.50	28.25	28.50	28.50	28.25	27.75	27.25	26.75	27.50	28.7742
Heavy Louisiana Sweet (Onshore)	30.25	30.00	29.75	29.50	30.00	29.75	29.50	29.25	28.50	28.00	28.75	30.0726
Light Louisiana Sweet (Onshore)	30.75	30.25	30.25	30.00	30.25	30.25	30.00	29.50	29.00	28.50	29.00	30.4839
New Mexico Intermediate	30.52	30.19	30.02	29.76	30.14	30.00	29.76	29.40	28.75	28.31	28.95	30.3032
New Mexico Sour (34ï¿½)	27.93	27.60	27.43	27.17	27.55	27.41	27.17	26.81	26.16	25.72	26.36	27.7132
North Texas Sweet	29.56	29.23	29.06	28.80	29.18	29.04	28.80	28.44	27.79	27.35	27.99	29.3432
Oklahoma Sour	27.93	27.60	27.43	27.17	27.55	27.41	27.17	26.81	26.16	25.72	26.36	27.7132
Oklahoma Sweet	30.79	30.46	30.29	30.03	30.41	30.27	30.03	29.67	29.02	28.58	29.22	30.5732
South Texas Light Sweet	29.19	28.86	28.69	28.43	28.81	28.67	28.43	28.07	27.42	26.98	27.62	28.9732
Southwest Wyoming Sweet	31.48	31.15	30.98	30.72	31.10	30.96	30.72	30.36	29.71	29.27	29.91	31.2632
Uinta Basin Black Wax	27.93	27.60	27.43	27.17	27.55	27.41	27.17	26.81	26.16	25.72	26.36	27.7132
West Texas Intermediate	29.98	29.65	29.48	29.22	29.60	29.46	29.22	28.86	28.21	27.77	28.41	29.7632
West Texas Sour (34ï¿½)	27.38	27.05	26.88	26.62	27.00	26.86	26.62	26.26	25.61	25.17	25.81	27.1632
Western Colorado	31.47	31.14	30.97	30.71	31.09	30.95	30.71	30.35	29.70	29.26	29.90	31.2532

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.