Chevron Crude Oil Marketing - North America - April 2003 California Summary

North America Crude Oil Marketing - April 2003 Summary California Bulletins 03-CA54 to 03-CA70, 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	CA54 04/01	CA55 04/02	CA56 04/03	CA57 04/04	CA58 04/07	CA59 04/09	CA60 04/10	CA61 04/11	CA62 04/14
Asphalto	27.00	25.75	26.00	25.75	24.50	25.00	24.00	24.75	25.25
Belridge Hvy (under 28ï¿½)	23.20	21.95	22.20	21.95	20.70	21.90	20.90	21.65	22.15
Belridge Lt (over 28ï¿½)	26.75	25.50	25.75	25.50	24.25	24.85	23.85	24.60	25.10
Buena Vista Hills	25.70	24.45	24.70	24.45	23.20	23.95	22.95	23.70	24.20
Cal Canal	27.85	26.60	26.85	26.60	25.35	25.80	24.80	25.55	26.05
Coalinga	23.50	22.25	22.50	22.25	21.00	22.20	21.20	21.95	22.45
Cymric	22.80	21.55	21.80	21.55	20.30	21.55	20.55	21.30	21.80
Huntington Beach	24.10	22.85	23.10	22.85	21.60	22.65	21.65	22.40	22.90
Kern River	23.00	21.75	22.00	21.75	20.50	21.75	20.75	21.50	22.00
Kettleman Hills	27.25	26.00	26.25	26.00	24.75	25.20	24.20	24.95	25.45
Lost Hills	26.70	25.45	25.70	25.45	24.20	24.80	23.80	24.55	25.05
McKittrick	23.00	21.75	22.00	21.75	20.50	21.75	20.75	21.50	22.00
Midway Sunset	23.00	21.75	22.00	21.75	20.50	21.75	20.75	21.50	22.00
Montebello	25.10	23.85	24.10	23.85	22.60	23.50	22.50	23.25	23.75
Pt Arguello (onshore)	19.65	18.40	18.65	18.40	17.15	18.15	17.15	17.90	18.40
Railroad Gap	26.85	25.60	25.85	25.60	24.35	24.90	23.90	24.65	25.15
San Ardo	21.45	20.20	20.45	20.20	18.95	20.20	19.20	19.95	20.45
Seal Beach	26.20	24.95	25.20	24.95	23.70	24.35	23.35	24.10	24.60

California	CA63 04/15	CA64 04/17	CA65 04/22	CA66 04/23	CA67 04/24	CA68 04/25	CA69 04/28	CA70 04/30	Mthly Avg
Asphalto	26.00	27.25	26.25	24.50	23.25	22.75	22.00	22.50	25.0167
Belridge Hvy (under 28ï¿½)	22.90	24.15	23.15	21.40	20.15	19.65	18.90	19.40	21.7300
Belridge Lt (over 28ï¿½)	25.85	27.10	26.10	24.35	23.10	22.60	21.85	22.35	24.8400
Buena Vista Hills	24.95	26.20	25.20	23.45	22.20	21.70	20.95	21.45	23.9000
Cal Canal	26.80	28.05	27.05	25.30	24.05	23.55	22.80	23.30	25.8300
Coalinga	23.20	24.45	23.45	21.70	20.45	19.95	19.20	19.70	22.0300
Cymric	22.55	23.80	22.80	21.05	19.80	19.30	18.55	19.05	21.3667
Huntington Beach	23.65	24.90	23.90	22.15	20.90	20.40	19.65	20.15	22.5200
Kern River	22.75	24.00	23.00	21.25	20.00	19.50	18.75	19.25	21.5667
Kettleman Hills	26.20	27.45	26.45	24.70	23.45	22.95	22.20	22.70	25.2300
Lost Hills	25.80	27.05	26.05	24.30	23.05	22.55	21.80	22.30	24.7900
McKittrick	22.75	24.00	23.00	21.25	20.00	19.50	18.75	19.25	21.5667
Midway Sunset	22.75	24.00	23.00	21.25	20.00	19.50	18.75	19.25	21.5667
Montebello	24.50	25.75	24.75	23.00	21.75	21.25	20.50	21.00	23.4100
Pt Arguello (onshore)	19.15	20.40	19.40	17.65	16.40	15.90	15.15	15.65	18.0333
Railroad Gap	25.90	27.15	26.15	24.40	23.15	22.65	21.90	22.40	24.9033
San Ardo	21.20	22.45	21.45	19.70	18.45	17.95	17.20	17.70	20.0167
Seal Beach	25.35	26.60	25.60	23.85	22.60	22.10	21.35	21.85	24.3267

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.