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

North America Crude Oil Marketing - April 2003 Summary East of the Rockies Bulletins 03-E65 to 03-E85, 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	E65 04/01	E66 04/02	E67 04/03	E68 04/04	E69 04/07	E70 04/08	E71 04/09	E72 04/10	E73 04/11	E74 04/14	E75 04/15	Gvty Adj*
Altamont Yellow Wax	29.78	28.56	28.97	28.62	27.96	28.00	28.85	27.46	28.14	28.63	29.29	B
Bonito Sour (Onshore)	27.25	26.00	26.50	26.00	25.50	25.50	26.25	25.00	25.50	26.00	26.75	A
Deepwater Sour (Onshore) (30ï¿½)	23.50	22.25	22.75	22.25	21.50	21.75	22.50	21.00	21.75	22.25	23.00	F,G
East Texas	31.25	30.03	30.44	30.09	29.43	29.47	30.32	28.93	29.61	30.10	30.76	none
Eugene Island Sour (Onshore)	26.50	25.25	25.50	25.25	24.50	24.75	25.50	24.00	24.75	25.25	26.00	A
Heavy Louisiana Sweet (Onshore)	29.00	27.75	28.25	28.00	27.25	27.25	28.25	26.75	27.50	28.00	28.50	A
Light Louisiana Sweet (Onshore)	29.50	28.25	28.75	28.25	27.75	27.75	28.50	27.25	27.75	28.25	29.00	A
New Mexico Intermediate	31.59	30.37	30.78	30.43	29.77	29.81	30.66	29.27	29.95	30.44	31.10	none
New Mexico Sour (34ï¿½)	26.94	25.72	26.13	25.78	25.12	25.16	26.01	24.62	25.30	25.79	26.45	none
North Texas Sweet	30.51	29.29	29.70	29.35	28.69	28.73	29.58	28.19	28.87	29.36	30.02	none
Oklahoma Sour	26.94	25.72	26.13	25.78	25.12	25.16	26.01	24.62	25.30	25.79	26.45	none
Oklahoma Sweet	31.74	30.52	30.93	30.58	29.92	29.96	30.81	29.42	30.10	30.59	31.25	none
South Texas Light Sweet	30.26	29.04	29.45	29.10	28.44	28.48	29.33	27.94	28.62	29.11	29.77	none
Southwest Wyoming Sweet	30.58	29.36	29.77	29.42	28.76	28.80	29.65	28.26	28.94	29.43	30.09	E
Uinta Basin Black Wax	26.53	25.31	25.72	25.37	24.71	24.75	25.60	24.21	24.89	25.38	26.04	B
West Texas Intermediate	31.04	29.82	30.23	29.88	29.22	29.26	30.11	28.72	29.40	29.89	30.55	none
West Texas Sour (34ï¿½)	26.48	25.26	25.67	25.32	24.66	24.70	25.55	24.16	24.84	25.33	25.99	none
Western Colorado	30.57	29.35	29.76	29.41	28.75	28.79	29.64	28.25	28.93	29.42	30.08	B

East of the Rockies	E76 04/16	E77 04/17	E78 04/21	E79 04/22	E80 04/23	E81 04/24	E82 04/25	E83 04/28	E84 04/29	E85 04/30	Mthly Avg
Altamont Yellow Wax	29.18	30.55	30.87	29.91	26.65	26.64	26.26	25.49	25.24	25.80	28.2847
Bonito Sour (Onshore)	26.75	28.00	28.25	27.25	24.00	24.00	23.75	23.00	22.75	23.25	25.7250
Deepwater Sour (Onshore) (30ï¿½)	22.75	24.25	24.50	23.50	20.25	20.25	20.00	19.25	19.00	19.50	21.9500
East Texas	30.65	32.02	32.34	31.38	28.12	28.11	27.73	26.96	26.71	27.27	29.7547
Eugene Island Sour (Onshore)	25.75	27.25	27.50	26.50	23.25	23.25	23.00	22.00	21.75	22.50	24.9250
Heavy Louisiana Sweet (Onshore)	28.50	29.75	30.25	29.25	26.00	26.00	25.50	24.75	24.50	25.00	27.5750
Light Louisiana Sweet (Onshore)	29.00	30.25	30.50	29.50	26.25	26.25	26.00	25.25	25.00	25.50	27.9750
New Mexico Intermediate	30.99	32.36	32.68	31.72	28.46	28.45	28.07	27.30	27.05	27.61	30.0947
New Mexico Sour (34ï¿½)	26.34	27.71	28.03	27.07	23.81	23.80	23.42	22.65	22.40	22.96	25.4447
North Texas Sweet	29.91	31.28	31.60	30.64	27.38	27.37	26.99	26.22	25.97	26.53	29.0147
Oklahoma Sour	26.34	27.71	28.03	27.07	23.81	23.80	23.42	22.65	22.40	22.96	25.4447
Oklahoma Sweet	31.14	32.51	32.83	31.87	28.61	28.60	28.22	27.45	27.20	27.76	30.2447
South Texas Light Sweet	29.66	31.03	31.35	30.39	27.13	27.12	26.74	25.97	25.72	26.28	28.7647
Southwest Wyoming Sweet	29.98	31.35	31.67	30.71	27.45	27.44	27.06	26.29	26.04	26.60	29.0847
Uinta Basin Black Wax	25.93	27.30	27.62	26.66	23.40	23.39	23.01	22.24	21.99	22.55	25.0347
West Texas Intermediate	30.44	31.81	32.13	31.17	27.91	27.90	27.52	26.75	26.50	27.06	29.5447
West Texas Sour (34ï¿½)	25.88	27.25	27.57	26.61	23.35	23.34	22.96	22.19	21.94	22.50	24.9847
Western Colorado	29.97	31.34	31.66	30.70	27.44	27.43	27.05	26.28	26.03	26.59	29.0747

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.