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

North America Crude Oil Marketing - September 2003 Summary East of the Rockies Bulletins 03-E172 to 03-E193, 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	E172 09/01	E173 09/02	E174 09/03	E175 09/04	E176 09/05	E177 09/08	E178 09/09	E179 09/10	E180 09/11	E181 09/12	E182 09/15	E183 09/16	Gvty Adj*
Altamont Yellow Wax	31.57	29.41	29.49	28.98	28.88	28.85	29.18	29.35	28.82	28.27	28.14	27.56	B
Bonito Sour (Onshore)	30.50	28.25	28.25	27.75	27.75	27.75	28.00	28.25	27.75	27.25	27.00	26.50	A
Deepwater Sour (Onshore) (30ï¿½)	28.25	26.00	26.00	25.50	25.50	25.50	25.75	26.00	25.50	24.75	24.75	24.25	F,G
East Texas	31.35	29.19	29.27	28.76	28.66	28.63	28.96	29.13	28.60	28.05	27.92	27.34	none
Eugene Island Sour (Onshore)	30.00	28.00	28.00	27.50	27.25	27.25	27.75	27.75	27.25	26.75	26.75	26.00	A
Heavy Louisiana Sweet (Onshore)	30.75	28.75	28.75	28.25	28.25	28.25	28.50	28.75	28.00	27.50	27.50	26.75	A
Light Louisiana Sweet (Onshore)	31.25	29.00	29.25	28.75	28.50	28.50	28.75	29.00	28.50	28.00	27.75	27.25	A
New Mexico Intermediate	31.47	29.31	29.39	28.88	28.78	28.75	29.08	29.25	28.72	28.17	28.04	27.46	none
New Mexico Sour (34ï¿½)	29.20	27.04	27.12	26.61	26.51	26.48	26.81	26.98	26.45	25.90	25.77	25.19	none
North Texas Sweet	30.61	28.45	28.53	28.02	27.92	27.89	28.22	28.39	27.86	27.31	27.18	26.60	none
Oklahoma Sour	29.20	27.04	27.12	26.61	26.51	26.48	26.81	26.98	26.45	25.90	25.77	25.19	none
Oklahoma Sweet	31.84	29.68	29.76	29.25	29.15	29.12	29.45	29.62	29.09	28.54	28.41	27.83	none
South Texas Light Sweet	30.14	27.98	28.06	27.55	27.45	27.42	27.75	27.92	27.39	26.84	26.71	26.13	none
Southwest Wyoming Sweet	32.37	30.21	30.29	29.78	29.68	29.65	29.98	30.15	29.62	29.07	28.94	28.36	E
Uinta Basin Black Wax	28.32	26.16	26.24	25.73	25.63	25.60	25.93	26.10	25.57	25.02	24.89	24.31	B
West Texas Intermediate	30.93	28.77	28.85	28.34	28.24	28.21	28.54	28.71	28.18	27.63	27.50	26.92	none
West Texas Sour (34ï¿½)	28.65	26.49	26.57	26.06	25.96	25.93	26.26	26.43	25.90	25.35	25.22	24.64	none
Western Colorado	32.36	30.20	30.28	29.77	29.67	29.64	29.97	30.14	29.61	29.06	28.93	28.35	B

East of the Rockies	E184 09/17	E185 09/18	E186 09/19	E187 09/22	E188 09/23	E189 09/24	E190 09/25	E191 09/26	E192 09/29	E193 09/30	Mthly Avg
Altamont Yellow Wax	27.03	27.17	27.03	26.96	27.13	28.24	28.29	28.16	28.40	29.20	28.3597
Bonito Sour (Onshore)	26.00	26.00	26.00	25.75	26.00	27.00	27.25	27.00	27.25	28.00	27.2417
Deepwater Sour (Onshore) (30ï¿½)	23.50	23.75	23.50	23.50	23.75	24.75	24.75	24.75	25.00	25.75	24.9250
East Texas	26.81	26.95	26.81	26.74	26.91	28.02	28.07	27.94	28.18	28.98	28.1397
Eugene Island Sour (Onshore)	25.50	25.75	25.50	25.50	25.50	26.75	26.75	26.75	27.00	27.75	26.8500
Heavy Louisiana Sweet (Onshore)	26.25	26.50	26.25	26.25	26.50	27.50	27.50	27.50	27.75	28.50	27.6500
Light Louisiana Sweet (Onshore)	26.75	26.75	26.75	26.50	26.75	28.00	28.00	27.75	28.00	28.75	28.0167
New Mexico Intermediate	26.93	27.07	26.93	26.86	27.03	28.14	28.19	28.06	28.30	29.10	28.2597
New Mexico Sour (34ï¿½)	24.66	24.80	24.66	24.59	24.76	25.87	25.92	25.79	26.03	26.83	25.9897
North Texas Sweet	26.07	26.21	26.07	26.00	26.17	27.28	27.33	27.20	27.44	28.24	27.3997
Oklahoma Sour	24.66	24.80	24.66	24.59	24.76	25.87	25.92	25.79	26.03	26.83	25.9897
Oklahoma Sweet	27.30	27.44	27.30	27.23	27.40	28.51	28.56	28.43	28.67	29.47	28.6297
South Texas Light Sweet	25.60	25.74	25.60	25.53	25.70	26.81	26.86	26.73	26.97	27.77	26.9297
Southwest Wyoming Sweet	27.83	27.97	27.83	27.76	27.93	29.04	29.09	28.96	29.20	30.00	29.1597
Uinta Basin Black Wax	23.78	23.92	23.78	23.71	23.88	24.99	25.04	24.91	25.15	25.95	25.1097
West Texas Intermediate	26.39	26.53	26.39	26.32	26.49	27.60	27.65	27.52	27.76	28.56	27.7197
West Texas Sour (34ï¿½)	24.11	24.25	24.11	24.04	24.21	25.32	25.37	25.24	25.48	26.28	25.4397
Western Colorado	27.82	27.96	27.82	27.75	27.92	29.03	29.08	28.95	29.19	29.99	29.1497

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.