Chevron Crude Oil Marketing - North America - October 2004 East of the Rockies Summary

North America Crude Oil Marketing - October 2004 Summary East of the Rockies Bulletins 04-E192 to 04-E212, 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	E192 10/01	E193 10/04	E194 10/05	E195 10/06	E196 10/07	E197 10/08	E198 10/11	E199 10/12	E200 10/13	E201 10/14	E202 10/15	Gvty Adj*
Altamont Yellow Wax	49.62	49.41	50.59	51.52	52.17	52.81	53.14	52.01	53.14	54.26	54.43	B
Bonito Sour (Onshore)	46.50	46.25	47.50	48.25	49.00	49.75	50.00	48.75	50.00	51.00	51.25	A
Deepwater Sour (Onshore) (30ï¿½)	43.00	42.75	44.00	45.00	45.50	46.25	46.50	45.50	46.50	47.75	47.75	F,G
East Texas	46.50	46.25	47.50	48.50	49.00	49.75	50.00	49.00	50.00	51.00	51.25	none
Eugene Island Sour (Onshore)	46.00	45.75	46.75	47.75	48.50	49.00	49.50	48.25	49.50	50.50	50.75	A
Heavy Louisiana Sweet (Onshore)	49.25	49.00	50.00	51.00	51.75	52.25	52.75	51.50	52.75	53.75	54.00	A
Light Louisiana Sweet (Onshore)	50.25	50.00	51.25	52.00	52.75	53.25	53.75	52.50	53.75	54.75	55.00	A
New Mexico Intermediate	50.15	49.94	51.12	52.05	52.70	53.34	53.67	52.54	53.67	54.79	54.96	none
New Mexico Sour (34ï¿½)	45.71	45.50	46.68	47.61	48.26	48.90	49.23	48.10	49.23	50.35	50.52	none
North Texas Sweet	46.75	46.50	47.75	48.75	49.25	50.00	50.25	49.25	50.25	51.25	51.50	none
Oklahoma Sour	45.71	45.50	46.68	47.61	48.26	48.90	49.23	48.10	49.23	50.35	50.52	none
Oklahoma Sweet	50.36	50.15	51.33	52.26	52.91	53.55	53.88	52.75	53.88	55.00	55.17	none
South Texas Light Sweet	44.75	44.50	45.75	46.75	47.25	48.00	48.25	47.25	48.25	49.25	49.50	none
Southwest Wyoming Sweet	51.17	50.96	52.14	53.07	53.72	54.36	54.69	53.56	54.69	55.81	55.98	E
Uinta Basin Black Wax	47.37	47.16	48.34	49.27	49.92	50.56	50.89	49.76	50.89	52.01	52.18	B
West Texas Intermediate	46.75	46.50	47.75	48.75	49.25	50.00	50.25	49.25	50.25	51.25	51.50	none
West Texas Sour (34ï¿½)	42.00	41.75	43.00	44.00	44.50	45.25	45.50	44.50	45.50	46.50	46.75	none
Western Colorado	50.91	50.70	51.88	52.81	53.46	54.10	54.43	53.30	54.43	55.55	55.72	B

East of the Rockies	E203 10/18	E204 10/19	E205 10/20	E206 10/21	E207 10/22	E208 10/25	E209 10/26	E210 10/27	E211 10/28	E212 10/29	Mthly Avg
Altamont Yellow Wax	53.17	52.79	54.42	53.97	54.67	54.04	54.67	51.96	50.42	51.26	52.5823
Bonito Sour (Onshore)	50.00	49.50	51.25	50.75	51.50	50.75	51.50	48.75	47.25	48.00	49.4032
Deepwater Sour (Onshore) (30ï¿½)	46.50	46.25	47.75	47.50	48.00	47.50	48.00	45.50	43.75	44.75	45.9839
East Texas	50.00	49.75	51.25	51.00	51.50	51.00	51.50	49.00	47.25	48.25	49.4758
Eugene Island Sour (Onshore)	49.50	49.00	50.75	50.25	51.00	50.25	51.00	48.25	46.75	47.50	48.8710
Heavy Louisiana Sweet (Onshore)	52.75	52.25	54.00	53.50	54.25	53.50	54.25	51.50	50.00	50.75	52.1210
Light Louisiana Sweet (Onshore)	53.75	53.25	55.00	54.50	55.25	54.50	55.25	52.50	51.00	51.75	53.1290
New Mexico Intermediate	53.70	53.32	54.95	54.50	55.20	54.57	55.20	52.49	50.95	51.79	53.1123
New Mexico Sour (34ï¿½)	49.26	48.88	50.51	50.06	50.76	50.13	50.76	48.05	46.51	47.35	48.6723
North Texas Sweet	50.25	50.00	51.50	51.25	51.75	51.25	51.75	49.25	47.50	48.50	49.7258
Oklahoma Sour	49.26	48.88	50.51	50.06	50.76	50.13	50.76	48.05	46.51	47.35	48.6723
Oklahoma Sweet	53.91	53.53	55.16	54.71	55.41	54.78	55.41	52.70	51.16	52.00	53.3223
South Texas Light Sweet	48.25	48.00	49.50	49.25	49.75	49.25	49.75	47.25	45.50	46.50	47.7258
Southwest Wyoming Sweet	54.72	54.34	55.97	55.52	56.22	55.59	56.22	53.51	51.97	52.81	54.1323
Uinta Basin Black Wax	50.92	50.54	52.17	51.72	52.42	51.79	52.42	49.71	48.17	49.01	50.3323
West Texas Intermediate	50.25	50.00	51.50	51.25	51.75	51.25	51.75	49.25	47.50	48.50	49.7258
West Texas Sour (34ï¿½)	45.50	45.25	46.75	46.50	47.00	46.50	47.00	44.50	42.75	43.75	44.9758
Western Colorado	54.46	54.08	55.71	55.26	55.96	55.33	55.96	53.25	51.71	52.55	53.8723

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.