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

North America Crude Oil Marketing - November 2004 Summary East of the Rockies Bulletins 04-E213 to 04-E232, 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	E213 11/01	E214 11/02	E215 11/03	E216 11/04	E217 11/05	E218 11/08	E219 11/09	E220 11/10	E221 11/11	E222 11/12	E223 11/15	Gvty Adj*
Altamont Yellow Wax	49.63	49.12	50.38	48.32	49.11	48.59	46.87	48.36	46.92	46.82	46.37	B
Bonito Sour (Onshore)	45.00	44.50	45.75	43.50	44.50	44.00	42.25	43.75	42.25	42.00	41.75	A
Deepwater Sour (Onshore) (30ï¿½)	39.75	39.25	40.50	38.50	39.25	38.75	37.00	38.50	37.00	37.00	36.50	F,G
East Texas	46.50	46.00	47.25	45.25	46.00	45.50	43.75	45.25	43.75	43.75	43.25	none
Eugene Island Sour (Onshore)	44.50	44.00	45.25	43.25	44.00	43.50	41.75	43.25	41.75	41.75	41.25	A
Heavy Louisiana Sweet (Onshore)	50.25	49.75	51.00	49.00	49.75	49.25	47.50	49.00	47.50	47.50	47.00	A
Light Louisiana Sweet (Onshore)	50.50	50.00	51.25	49.00	50.00	49.25	47.75	49.25	47.75	47.50	47.25	A
New Mexico Intermediate	50.77	50.26	51.52	49.46	50.25	49.73	48.01	49.50	48.06	47.96	47.51	none
New Mexico Sour (34ï¿½)	44.12	43.61	44.87	42.81	43.60	43.08	41.36	42.85	41.41	41.31	40.86	none
North Texas Sweet	46.75	46.25	47.50	45.50	46.25	45.75	44.00	45.50	44.00	44.00	43.50	none
Oklahoma Sour	44.12	43.61	44.87	42.81	43.60	43.08	41.36	42.85	41.41	41.31	40.86	none
Oklahoma Sweet	50.90	50.39	51.65	49.59	50.38	49.86	48.14	49.63	48.19	48.09	47.64	none
South Texas Light Sweet	44.75	44.25	45.50	43.50	44.25	43.75	42.00	43.50	42.00	42.00	41.50	none
Southwest Wyoming Sweet	51.18	50.67	51.93	49.87	50.66	50.14	48.42	49.91	48.47	48.37	47.92	E
Uinta Basin Black Wax	47.38	46.87	48.13	46.07	46.86	46.34	44.62	46.11	44.67	44.57	44.12	B
West Texas Intermediate	46.75	46.25	47.50	45.50	46.25	45.75	44.00	45.50	44.00	44.00	43.50	none
West Texas Sour (34ï¿½)	42.00	41.50	42.75	40.75	41.50	41.00	39.25	40.75	39.25	39.25	38.75	none
Western Colorado	50.92	50.41	51.67	49.61	50.40	49.88	48.16	49.65	48.21	48.11	47.66	B

East of the Rockies	E224 11/16	E225 11/17	E226 11/18	E227 11/19	E228 11/22	E229 11/23	E230 11/24	E231 11/29	E232 11/30	Mthly Avg
Altamont Yellow Wax	45.61	46.34	45.72	47.94	48.14	48.44	48.94	49.26	48.63	48.1003
Bonito Sour (Onshore)	41.00	41.75	41.00	43.25	43.50	43.75	44.25	44.50	44.00	43.4250
Deepwater Sour (Onshore) (30ï¿½)	35.75	36.50	35.75	38.00	38.25	38.50	39.00	39.25	38.75	38.2083
East Texas	42.50	43.25	42.50	45.00	45.00	45.50	46.00	46.25	45.50	45.0417
Eugene Island Sour (Onshore)	40.50	41.25	40.50	42.75	43.00	43.25	43.75	44.00	43.50	42.9583
Heavy Louisiana Sweet (Onshore)	46.25	47.00	46.25	48.50	48.75	49.00	49.50	49.75	49.25	48.7083
Light Louisiana Sweet (Onshore)	46.50	47.00	46.50	48.75	49.00	49.25	49.75	50.00	49.50	48.9083
New Mexico Intermediate	46.75	47.48	46.86	49.08	49.28	49.58	50.08	50.40	49.77	49.2403
New Mexico Sour (34ï¿½)	40.10	40.83	40.21	42.43	42.63	42.93	43.43	43.75	43.12	42.5903
North Texas Sweet	42.75	43.50	42.75	45.25	45.25	45.75	46.25	46.50	45.75	45.2917
Oklahoma Sour	40.10	40.83	40.21	42.43	42.63	42.93	43.43	43.75	43.12	42.5903
Oklahoma Sweet	46.88	47.61	46.99	49.21	49.41	49.71	50.21	50.53	49.90	49.3703
South Texas Light Sweet	40.75	41.50	40.75	43.25	43.25	43.75	44.25	44.50	43.75	43.2917
Southwest Wyoming Sweet	47.16	47.89	47.27	49.49	49.69	49.99	50.49	50.81	50.18	49.6503
Uinta Basin Black Wax	43.36	44.09	43.47	45.69	45.89	45.94	46.44	46.76	46.13	45.7837
West Texas Intermediate	42.75	43.50	42.75	45.25	45.25	45.75	46.25	46.50	45.75	45.2917
West Texas Sour (34ï¿½)	38.00	38.75	38.00	40.50	40.50	41.00	41.50	41.75	41.00	40.5417
Western Colorado	46.90	47.63	47.01	49.23	49.43	49.73	50.23	50.55	49.92	49.3903

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.