Chevron Crude Oil Marketing - North America - April 2004 California Summary

North America Crude Oil Marketing - April 2004 Summary California Bulletins 04-CA50 to 04-CA65, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 AM on the above listed effective date, subject to change without notice, Chevron will pay the following prices per barrel for crude oil and condensate delivered for its account into the custody of its authorized carrier or receiving agent. Prices are subject to deduction for transportation and other charges where applicable. Prices for oil apply to quantities measured by approved automatic custody transfer facilities or 100% tank table with customary adjustment of volume and gravity for temperature and full deduction for sediment and water.

* Prices are subject to a Gravity Adjustment Scale

California	CA50 04/01	CA51 04/06	CA52 04/07	CA53 04/08	CA54 04/12	CA55 04/13	CA56 04/14	CA57 04/15	CA58 04/16
Asphalto	32.50	33.25	34.50	35.50	36.00	35.50	35.00	35.75	36.00
Belridge Hvy (under 28ï¿½)	28.00	28.75	30.00	31.00	31.50	31.00	30.50	31.25	31.50
Belridge Lt (over 28ï¿½)	32.20	32.95	34.20	35.20	35.70	35.20	34.70	35.45	35.70
Buena Vista Hills	30.95	31.70	32.95	33.95	34.45	33.95	33.45	34.20	34.45
Cal Canal	33.40	34.15	35.40	36.40	36.90	36.40	35.90	36.65	36.90
Coalinga	28.30	29.05	30.30	31.30	31.80	31.30	30.80	31.55	31.80
Cymric	27.45	28.20	29.45	30.45	30.95	30.45	29.95	30.70	30.95
Huntington Beach	29.05	29.80	31.05	32.05	32.55	32.05	31.55	32.30	32.55
Kern River	27.75	28.50	29.75	30.75	31.25	30.75	30.25	31.00	31.25
Kettleman Hills	32.80	33.55	34.80	35.80	36.30	35.80	35.30	36.05	36.30
Lost Hills	32.10	32.85	34.10	35.10	35.60	35.10	34.60	35.35	35.60
McKittrick	27.75	28.50	29.75	30.75	31.25	30.75	30.25	31.00	31.25
Midway Sunset	27.75	28.50	29.75	30.75	31.25	30.75	30.25	31.00	31.25
Montebello	30.20	30.95	32.20	33.20	33.70	33.20	32.70	33.45	33.70
Pt Arguello (onshore)	24.25	25.00	26.25	27.25	27.75	27.25	26.75	27.50	27.75
Railroad Gap	32.35	33.10	34.35	35.35	35.85	35.35	34.85	35.60	35.85
San Ardo	26.05	26.80	28.05	29.05	29.55	29.05	28.55	29.30	29.55
Seal Beach	31.55	32.30	33.55	34.55	35.05	34.55	34.05	34.80	35.05

California	CA59 04/19	CA60 04/21	CA61 04/22	CA62 04/23	CA63 04/26	CA64 04/27	CA65 04/29	Mthly Avg
Asphalto	35.75	35.00	35.75	35.50	35.75	36.25	36.00	35.0500
Belridge Hvy (under 28ï¿½)	31.25	30.50	31.25	31.00	31.25	31.75	31.50	30.5500
Belridge Lt (over 28ï¿½)	35.45	34.70	35.45	35.20	35.45	35.95	35.70	34.7500
Buena Vista Hills	34.20	33.45	34.20	33.95	34.20	34.70	34.45	33.5000
Cal Canal	36.65	35.90	36.65	36.40	36.65	37.15	36.90	35.9500
Coalinga	31.55	30.80	31.55	31.30	31.55	32.05	31.80	30.8500
Cymric	30.70	29.95	30.70	30.45	30.70	31.20	30.95	30.0000
Huntington Beach	32.30	31.55	32.30	32.05	32.30	32.80	32.55	31.6000
Kern River	31.00	30.25	31.00	30.75	31.00	31.50	31.25	30.3000
Kettleman Hills	36.05	35.30	36.05	35.80	36.05	36.55	36.30	35.3500
Lost Hills	35.35	34.60	35.35	35.10	35.35	35.85	35.60	34.6500
McKittrick	31.00	30.25	31.00	30.75	31.00	31.50	31.25	30.3000
Midway Sunset	31.00	30.25	31.00	30.75	31.00	31.50	31.25	30.3000
Montebello	33.45	32.70	33.45	33.20	33.45	33.95	33.70	32.7500
Pt Arguello (onshore)	27.50	26.75	27.50	27.25	27.50	28.00	27.75	26.8000
Railroad Gap	35.60	34.85	35.60	35.35	35.60	36.10	35.85	34.9000
San Ardo	29.30	28.55	29.30	29.05	29.30	29.80	29.55	28.6000
Seal Beach	34.80	34.05	34.80	34.55	34.80	35.30	35.05	34.1000

Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with the latest ASTM Standards and API Manual of Petroleum Measurement Standards (MPMS) generally accepted in the petroleum industry with deductions for full sediment, water and other impurities.