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

North America Crude Oil Marketing - December 2003 Summary East of the Rockies Bulletins 03-E236 to 03-E256, 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	E236 12/01	E237 12/02	E238 12/03	E239 12/04	E240 12/05	E241 12/08	E242 12/09	E243 12/10	E244 12/11	E245 12/12	E246 12/15	Gvty Adj*
Altamont Yellow Wax	29.95	30.78	31.10	31.26	30.73	32.10	31.76	31.88	31.85	33.04	33.18	B
Bonito Sour (Onshore)	28.75	29.75	30.00	30.25	29.50	31.00	30.75	30.75	30.75	32.00	32.00	A
Deepwater Sour (Onshore) (30ï¿½)	26.25	27.00	27.25	27.50	27.00	28.25	28.00	28.25	28.00	29.25	29.50	F,G
East Texas	29.92	30.75	31.07	31.23	30.70	32.07	31.73	31.85	31.82	33.01	33.15	none
Eugene Island Sour (Onshore)	28.50	29.50	29.75	30.00	29.25	30.75	30.50	30.50	30.50	31.75	31.75	A
Heavy Louisiana Sweet (Onshore)	29.50	30.50	30.75	31.00	30.50	31.75	31.50	31.50	31.50	32.75	32.75	A
Light Louisiana Sweet (Onshore)	30.00	30.75	31.00	31.25	30.75	32.00	31.75	31.75	31.75	33.00	33.00	A
New Mexico Intermediate	30.11	30.94	31.26	31.42	30.89	32.26	31.92	32.04	32.01	33.20	33.34	none
New Mexico Sour (34ï¿½)	27.77	28.60	28.92	29.08	28.55	29.92	29.58	29.70	29.67	30.86	31.00	none
North Texas Sweet	29.18	30.01	30.33	30.49	29.96	31.33	30.99	31.11	31.08	32.27	32.41	none
Oklahoma Sour	27.77	28.60	28.92	29.08	28.55	29.92	29.58	29.70	29.67	30.86	31.00	none
Oklahoma Sweet	30.41	31.24	31.56	31.72	31.19	32.56	32.22	32.34	32.31	33.50	33.64	none
South Texas Light Sweet	28.78	29.61	29.93	30.09	29.56	30.93	30.59	30.71	30.68	31.87	32.01	none
Southwest Wyoming Sweet	30.75	31.58	31.90	32.06	31.53	32.90	32.56	32.68	32.65	33.84	33.98	E
Uinta Basin Black Wax	27.20	28.03	28.35	28.51	27.98	29.35	29.01	29.13	29.10	30.29	30.43	B
West Texas Intermediate	29.57	30.40	30.72	30.88	30.35	31.72	31.38	31.50	31.47	32.66	32.80	none
West Texas Sour (34ï¿½)	27.22	28.05	28.37	28.53	28.00	29.37	29.03	29.15	29.12	30.31	30.45	none
Western Colorado	30.74	31.57	31.89	32.05	31.52	32.89	32.55	32.67	32.64	33.83	33.97	B

East of the Rockies	E247 12/16	E248 12/17	E249 12/18	E250 12/19	E251 12/22	E252 12/23	E253 12/24	E254 12/29	E255 12/30	E256 12/31	Mthly Avg
Altamont Yellow Wax	32.89	33.35	33.71	33.02	31.87	31.95	32.86	32.40	32.79	32.52	32.2584
Bonito Sour (Onshore)	31.75	32.25	32.50	32.00	30.75	30.75	31.75	31.25	31.75	31.50	31.1532
Deepwater Sour (Onshore) (30ï¿½)	29.25	29.50	30.00	29.25	28.25	28.25	29.00	28.75	29.00	28.75	28.4919
East Texas	32.86	33.32	33.68	32.99	31.84	31.92	32.83	32.37	32.76	32.49	32.2284
Eugene Island Sour (Onshore)	31.50	32.00	32.25	31.75	30.50	30.50	31.50	31.00	31.50	31.25	30.9032
Heavy Louisiana Sweet (Onshore)	32.50	33.00	33.50	32.75	31.50	31.50	32.50	32.00	32.50	32.25	31.9355
Light Louisiana Sweet (Onshore)	32.75	33.25	33.75	33.00	31.75	32.00	32.75	32.25	32.75	32.50	32.2016
New Mexico Intermediate	33.05	33.51	33.87	33.18	32.03	32.11	33.02	32.56	32.95	32.68	32.4184
New Mexico Sour (34ï¿½)	30.71	31.17	31.53	30.84	29.69	29.77	30.68	30.22	30.61	30.34	30.0784
North Texas Sweet	32.12	32.58	32.94	32.25	31.10	31.18	32.09	31.63	32.02	31.75	31.4884
Oklahoma Sour	30.71	31.17	31.53	30.84	29.69	29.77	30.68	30.22	30.61	30.34	30.0784
Oklahoma Sweet	33.35	33.81	34.17	33.48	32.33	32.41	33.32	32.86	33.25	32.98	32.7184
South Texas Light Sweet	31.72	32.18	32.54	31.85	30.70	30.78	31.69	31.23	31.62	31.35	31.0884
Southwest Wyoming Sweet	33.69	34.15	34.51	33.82	32.67	32.75	33.66	33.20	33.59	33.32	33.0584
Uinta Basin Black Wax	30.14	30.60	30.96	30.27	29.12	29.20	30.11	29.65	30.04	29.77	29.5084
West Texas Intermediate	32.51	32.97	33.33	32.64	31.49	31.57	32.48	32.02	32.41	32.14	31.8784
West Texas Sour (34ï¿½)	30.16	30.62	30.98	30.29	29.14	29.22	30.13	29.67	30.06	29.79	29.5284
Western Colorado	33.68	34.14	34.50	33.81	32.66	32.74	33.65	33.19	33.58	33.31	33.0484

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.