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

North America Crude Oil Marketing - June 2003 Summary California Bulletins 03-CA92 to 03-CA109, 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	CA92 06/02	CA93 06/04	CA94 06/05	CA95 06/06	CA96 06/09	CA97 06/10	CA98 06/11	CA99 06/12	CA100 06/13	CA101 06/16
Asphalto	28.10	27.60	28.35	28.85	29.10	29.35	30.10	29.10	28.35	28.85
Belridge Hvy (under 28ï¿½)	25.40	24.90	25.65	26.15	26.40	26.65	27.40	26.40	25.65	26.15
Belridge Lt (over 28ï¿½)	28.00	27.50	28.25	28.75	29.00	29.25	30.00	29.00	28.25	28.75
Buena Vista Hills	27.20	26.70	27.45	27.95	28.20	28.45	29.20	28.20	27.45	27.95
Cal Canal	28.90	28.40	29.15	29.65	29.90	30.15	30.90	29.90	29.15	29.65
Coalinga	25.70	25.20	25.95	26.45	26.70	26.95	27.70	26.70	25.95	26.45
Cymric	25.10	24.60	25.35	25.85	26.10	26.35	27.10	26.10	25.35	25.85
Huntington Beach	26.00	25.50	26.25	26.75	27.00	27.25	28.00	27.00	26.25	26.75
Kern River	25.25	24.75	25.50	26.00	26.25	26.50	27.25	26.25	25.50	26.00
Kettleman Hills	28.30	27.80	28.55	29.05	29.30	29.55	30.30	29.30	28.55	29.05
Lost Hills	27.95	27.45	28.20	28.70	28.95	29.20	29.95	28.95	28.20	28.70
McKittrick	25.25	24.75	25.50	26.00	26.25	26.50	27.25	26.25	25.50	26.00
Midway Sunset	25.25	24.75	25.50	26.00	26.25	26.50	27.25	26.25	25.50	26.00
Montebello	26.85	26.35	27.10	27.60	27.85	28.10	28.85	27.85	27.10	27.60
Pt Arguello (onshore)	21.55	21.05	21.80	22.30	22.55	22.80	23.55	22.55	21.80	22.30
Railroad Gap	28.00	27.50	28.25	28.75	29.00	29.25	30.00	29.00	28.25	28.75
San Ardo	23.75	23.25	24.00	24.50	24.75	25.00	25.75	24.75	24.00	24.50
Seal Beach	27.60	27.10	27.85	28.35	28.60	28.85	29.60	28.60	27.85	28.35

California	CA102 06/18	CA103 06/19	CA104 06/20	CA105 06/23	CA106 06/25	CA107 06/26	CA108 06/27	CA109 06/30	Mthly Avg
Asphalto	28.10	27.60	28.35	27.85	28.10	27.60	27.35	27.85	28.2750
Belridge Hvy (under 28ï¿½)	25.40	24.90	25.65	25.15	25.40	24.90	24.65	25.15	25.5750
Belridge Lt (over 28ï¿½)	28.00	27.50	28.25	27.75	28.00	27.50	27.25	27.75	28.1750
Buena Vista Hills	27.20	26.70	27.45	26.95	27.20	26.70	26.45	26.95	27.3750
Cal Canal	28.90	28.40	29.15	28.65	28.90	28.40	28.15	28.65	29.0750
Coalinga	25.70	25.20	25.95	25.45	25.70	25.20	24.95	25.45	25.8750
Cymric	25.10	24.60	25.35	24.85	25.10	24.60	24.35	24.85	25.2750
Huntington Beach	26.00	25.50	26.25	25.75	26.00	25.50	25.25	25.75	26.1750
Kern River	25.25	24.75	25.50	25.00	25.25	24.75	24.50	25.00	25.4250
Kettleman Hills	28.30	27.80	28.55	28.05	28.30	27.80	27.55	28.05	28.4750
Lost Hills	27.95	27.45	28.20	27.70	27.95	27.45	27.20	27.70	28.1250
McKittrick	25.25	24.75	25.50	25.00	25.25	24.75	24.50	25.00	25.4250
Midway Sunset	25.25	24.75	25.50	25.00	25.25	24.75	24.50	25.00	25.4250
Montebello	26.85	26.35	27.10	26.60	26.85	26.35	26.10	26.60	27.0250
Pt Arguello (onshore)	21.55	21.05	21.80	21.30	21.55	21.05	20.80	21.30	21.7250
Railroad Gap	28.00	27.50	28.25	27.75	28.00	27.50	27.25	27.75	28.1750
San Ardo	23.75	23.25	24.00	23.50	23.75	23.25	23.00	23.50	23.9250
Seal Beach	27.60	27.10	27.85	27.35	27.60	27.10	26.85	27.35	27.7750

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.