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

North America Crude Oil Marketing - June 2003 Summary East of the Rockies Bulletins 03-E107 to 03-E128, 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	E107 06/01	E108 06/02	E109 06/03	E110 06/04	E111 06/05	E112 06/06	E113 06/09	E114 06/10	E115 06/11	E116 06/12	E117 06/13	E118 06/16	Gvty Adj*
Altamont Yellow Wax	29.56	30.71	30.67	30.05	30.74	31.28	31.45	31.73	32.36	31.51	30.65	31.18	B
Bonito Sour (Onshore)	28.75	30.00	30.00	29.25	30.00	30.50	30.75	31.00	31.50	30.75	29.75	30.50	A
Deepwater Sour (Onshore) (30ï¿½)	27.00	28.25	28.25	27.50	28.25	28.75	29.00	29.25	29.75	29.00	28.00	28.75	F,G
East Texas	29.52	30.67	30.63	30.01	30.70	31.24	31.41	31.69	32.32	31.47	30.61	31.14	none
Eugene Island Sour (Onshore)	28.25	29.50	29.50	28.75	29.50	30.00	30.25	30.50	31.25	30.25	29.50	30.00	A
Heavy Louisiana Sweet (Onshore)	29.00	30.25	30.00	29.50	30.25	30.75	30.75	31.25	31.75	31.00	30.00	30.50	A
Light Louisiana Sweet (Onshore)	29.25	30.50	30.50	29.75	30.50	31.00	31.25	31.50	32.25	31.25	30.50	31.00	A
New Mexico Intermediate	29.72	30.87	30.83	30.21	30.90	31.44	31.61	31.89	32.52	31.67	30.81	31.34	none
New Mexico Sour (34ï¿½)	28.51	29.66	29.62	29.00	29.69	30.23	30.40	30.68	31.31	30.46	29.60	30.13	none
North Texas Sweet	28.78	29.93	29.89	29.27	29.96	30.50	30.67	30.95	31.58	30.73	29.87	30.40	none
Oklahoma Sour	28.51	29.66	29.62	29.00	29.69	30.23	30.40	30.68	31.31	30.46	29.60	30.13	none
Oklahoma Sweet	30.01	31.16	31.12	30.50	31.19	31.73	31.90	32.18	32.81	31.96	31.10	31.63	none
South Texas Light Sweet	28.39	29.54	29.50	28.88	29.57	30.11	30.28	30.56	31.19	30.34	29.48	30.01	none
Southwest Wyoming Sweet	30.36	31.51	31.47	30.85	31.54	32.08	32.25	32.53	33.16	32.31	31.45	31.98	E
Uinta Basin Black Wax	26.31	27.46	27.42	26.80	27.49	28.03	28.20	28.48	29.11	28.26	27.40	27.93	B
West Texas Intermediate	29.18	30.33	30.29	29.67	30.36	30.90	31.07	31.35	31.98	31.13	30.27	30.80	none
West Texas Sour (34ï¿½)	27.96	29.11	29.07	28.45	29.14	29.68	29.85	30.13	30.76	29.91	29.05	29.58	none
Western Colorado	30.35	31.50	31.46	30.84	31.53	32.07	32.24	32.52	33.15	32.30	31.44	31.97	B

East of the Rockies	E119 06/17	E120 06/18	E121 06/19	E122 06/20	E123 06/23	E124 06/24	E125 06/25	E126 06/26	E127 06/27	E128 06/30	Mthly Avg
Altamont Yellow Wax	31.07	30.36	29.96	30.82	29.17	28.78	29.95	29.01	29.27	30.19	30.4837
Bonito Sour (Onshore)	30.25	29.50	29.25	30.00	28.50	28.00	29.25	28.25	28.50	29.50	29.7083
Deepwater Sour (Onshore) (30ï¿½)	28.50	27.75	27.50	28.25	26.75	26.25	27.50	26.50	26.75	27.75	27.9583
East Texas	31.03	30.32	29.92	30.78	29.13	28.74	29.91	28.97	29.23	30.15	30.4437
Eugene Island Sour (Onshore)	29.75	29.25	28.75	29.50	28.00	27.50	28.75	27.75	28.00	29.00	29.2500
Heavy Louisiana Sweet (Onshore)	30.50	29.75	29.50	30.25	28.50	28.25	29.25	28.50	28.75	29.50	29.9083
Light Louisiana Sweet (Onshore)	30.75	30.25	29.75	30.50	29.00	28.50	29.75	28.75	29.00	30.00	30.2500
New Mexico Intermediate	31.23	30.52	30.12	30.98	29.33	28.94	30.11	29.17	29.43	30.35	30.6437
New Mexico Sour (34ï¿½)	30.02	29.31	28.91	29.77	28.12	27.73	28.90	27.96	28.22	29.14	29.4337
North Texas Sweet	30.29	29.58	29.18	30.04	28.39	28.00	29.17	28.23	28.49	29.41	29.7037
Oklahoma Sour	30.02	29.31	28.91	29.77	28.12	27.73	28.90	27.96	28.22	29.14	29.4337
Oklahoma Sweet	31.52	30.81	30.41	31.27	29.62	29.23	30.40	29.46	29.72	30.64	30.9337
South Texas Light Sweet	29.90	29.19	28.79	29.65	28.00	27.61	28.78	27.84	28.10	29.02	29.3137
Southwest Wyoming Sweet	31.87	31.16	30.76	31.62	29.97	29.58	30.75	29.81	30.07	30.99	31.2837
Uinta Basin Black Wax	27.82	27.11	26.71	27.57	25.92	25.53	26.70	25.76	26.02	26.94	27.2337
West Texas Intermediate	30.69	29.98	29.58	30.44	28.79	28.40	29.57	28.63	28.89	29.81	30.1037
West Texas Sour (34ï¿½)	29.47	28.76	28.36	29.22	27.57	27.18	28.35	27.41	27.67	28.59	28.8837
Western Colorado	31.86	31.15	30.75	31.61	29.96	29.57	30.74	29.80	30.06	30.98	31.2737

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.