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

North America Crude Oil Marketing - July 2003 Summary East of the Rockies Bulletins 03-E129 to 03-E150, 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	E129 07/01	E130 07/02	E131 07/03	E132 07/07	E133 07/08	E134 07/09	E135 07/10	E136 07/11	E137 07/14	E138 07/15	E139 07/16	E140 07/17	Gvty Adj*
Altamont Yellow Wax	30.40	30.15	30.42	30.13	30.22	30.88	31.06	31.28	31.27	31.62	31.05	31.41	B
Bonito Sour (Onshore)	29.00	28.75	29.00	28.75	28.75	29.50	29.50	29.75	29.75	30.25	29.50	30.00	A
Deepwater Sour (Onshore) (30ï¿½)	26.75	26.50	26.75	26.50	26.50	27.25	27.25	27.50	27.50	28.00	27.25	27.75	F,G
East Texas	31.35	31.10	31.37	31.08	31.17	31.83	32.01	32.23	32.22	32.57	32.00	32.36	none
Eugene Island Sour (Onshore)	28.50	28.25	28.50	28.25	28.25	29.00	29.00	29.25	29.25	29.75	29.00	29.50	A
Heavy Louisiana Sweet (Onshore)	29.50	29.25	29.50	29.25	29.25	30.00	30.25	30.25	30.25	30.75	30.00	30.50	A
Light Louisiana Sweet (Onshore)	29.75	29.50	29.75	29.50	29.75	30.25	30.50	30.75	30.75	31.00	30.50	30.75	A
New Mexico Intermediate	31.48	31.23	31.50	31.21	31.30	31.96	32.14	32.36	32.35	32.70	32.13	32.49	none
New Mexico Sour (34ï¿½)	29.46	29.21	29.48	29.19	29.28	29.94	30.12	30.34	30.33	30.68	30.11	30.47	none
North Texas Sweet	30.61	30.36	30.63	30.34	30.43	31.09	31.27	31.49	31.48	31.83	31.26	31.62	none
Oklahoma Sour	29.46	29.21	29.48	29.19	29.28	29.94	30.12	30.34	30.33	30.68	30.11	30.47	none
Oklahoma Sweet	31.84	31.59	31.86	31.57	31.66	32.32	32.50	32.72	32.71	33.06	32.49	32.85	none
South Texas Light Sweet	30.15	29.90	30.17	29.88	29.97	30.63	30.81	31.03	31.02	31.37	30.80	31.16	none
Southwest Wyoming Sweet	31.20	30.95	31.22	30.93	31.02	31.68	31.86	32.08	32.07	32.42	31.85	32.21	E
Uinta Basin Black Wax	27.15	26.90	27.17	26.88	26.97	27.63	27.81	28.03	28.02	28.37	27.80	28.16	B
West Texas Intermediate	30.94	30.69	30.96	30.67	30.76	31.42	31.60	31.82	31.81	32.16	31.59	31.95	none
West Texas Sour (34ï¿½)	28.91	28.66	28.93	28.64	28.73	29.39	29.57	29.79	29.78	30.13	29.56	29.92	none
Western Colorado	31.19	30.94	31.21	30.92	31.01	31.67	31.85	32.07	32.06	32.41	31.84	32.20	B

East of the Rockies	E141 07/18	E142 07/21	E143 07/22	E144 07/23	E145 07/24	E146 07/25	E147 07/28	E148 07/29	E149 07/30	E150 07/31	Mthly Avg
Altamont Yellow Wax	31.96	31.78	30.19	29.67	30.22	30.17	30.11	30.24	30.68	30.54	30.7590
Bonito Sour (Onshore)	30.50	30.25	28.75	28.25	28.75	28.75	28.75	28.75	29.25	29.00	29.3065
Deepwater Sour (Onshore) (30ï¿½)	28.25	28.00	26.50	26.00	26.50	26.50	26.50	26.50	27.00	26.75	27.0565
East Texas	32.91	32.73	31.14	30.62	31.17	31.12	31.06	31.19	31.63	31.49	31.7090
Eugene Island Sour (Onshore)	30.00	29.75	28.25	27.75	28.25	28.25	28.25	28.25	28.75	28.50	28.8065
Heavy Louisiana Sweet (Onshore)	31.00	30.75	29.25	28.75	29.25	29.25	29.25	29.25	29.75	29.50	29.8145
Light Louisiana Sweet (Onshore)	31.50	31.25	29.50	29.00	29.75	29.50	29.50	29.75	30.00	30.00	30.1694
New Mexico Intermediate	33.04	32.86	31.27	30.75	31.30	31.25	31.19	31.32	31.76	31.62	31.8390
New Mexico Sour (34ï¿½)	31.02	30.84	29.25	28.73	29.28	29.23	29.17	29.30	29.74	29.60	29.8190
North Texas Sweet	32.17	31.99	30.40	29.88	30.43	30.38	30.32	30.45	30.89	30.75	30.9690
Oklahoma Sour	31.02	30.84	29.25	28.73	29.28	29.23	29.17	29.30	29.74	29.60	29.8190
Oklahoma Sweet	33.40	33.22	31.63	31.11	31.66	31.61	31.55	31.68	32.12	31.98	32.1990
South Texas Light Sweet	31.71	31.53	29.94	29.42	29.97	29.92	29.86	29.99	30.43	30.29	30.5090
Southwest Wyoming Sweet	32.76	32.58	30.99	30.47	31.02	30.97	30.91	31.04	31.48	31.34	31.5590
Uinta Basin Black Wax	28.71	28.53	26.94	26.42	26.97	26.92	26.86	26.99	27.43	27.29	27.5090
West Texas Intermediate	32.50	32.32	30.73	30.21	30.76	30.71	30.65	30.78	31.22	31.08	31.2990
West Texas Sour (34ï¿½)	30.47	30.29	28.70	28.18	28.73	28.68	28.62	28.75	29.19	29.05	29.2690
Western Colorado	32.75	32.57	30.98	30.46	31.01	30.96	30.90	31.03	31.47	31.33	31.5490

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.