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

North America Crude Oil Marketing - September 2004 Summary East of the Rockies Bulletins 04-E171 to 04-E191, 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	E171 09/01	E172 09/02	E173 09/03	E174 09/07	E175 09/08	E176 09/09	E177 09/10	E178 09/13	E179 09/14	E180 09/15	E181 09/16	Gvty Adj*
Altamont Yellow Wax	44.00	44.06	43.99	43.31	42.77	44.61	42.81	43.87	44.39	43.58	43.88	B
Bonito Sour (Onshore)	42.00	42.00	41.75	41.25	40.75	42.50	40.75	41.75	42.25	41.50	41.75	A
Deepwater Sour (Onshore) (30ï¿½)	37.75	37.75	37.75	37.00	36.50	38.50	36.50	37.75	38.25	37.50	37.75	F,G
East Texas	40.50	40.50	40.50	39.75	39.25	41.00	39.25	40.25	40.75	40.00	40.25	none
Eugene Island Sour (Onshore)	41.50	41.50	41.50	40.75	40.25	42.25	40.25	41.50	42.00	41.00	41.50	A
Heavy Louisiana Sweet (Onshore)	42.75	42.75	42.75	42.00	41.50	43.50	41.50	42.75	43.25	42.50	42.75	A
Light Louisiana Sweet (Onshore)	44.00	44.00	44.00	43.25	42.75	44.50	42.75	43.75	44.25	43.50	43.75	A
New Mexico Intermediate	44.54	44.60	44.53	43.85	43.31	45.15	43.35	44.41	44.93	44.12	44.42	none
New Mexico Sour (34ï¿½)	41.02	41.08	41.01	40.33	39.79	41.63	39.83	40.89	41.41	40.60	40.90	none
North Texas Sweet	40.75	40.75	40.75	40.00	39.50	41.25	39.50	40.50	41.00	40.25	40.50	none
Oklahoma Sour	41.02	41.08	41.01	40.33	39.79	41.63	39.83	40.89	41.41	40.60	40.90	none
Oklahoma Sweet	44.71	44.77	44.70	44.02	43.48	45.32	43.52	44.58	45.10	44.29	44.59	none
South Texas Light Sweet	38.75	38.75	38.75	38.00	37.50	39.25	37.50	38.50	39.00	38.25	38.50	none
Southwest Wyoming Sweet	44.80	44.86	44.79	44.11	43.57	45.41	43.61	44.67	45.19	44.38	44.68	E
Uinta Basin Black Wax	41.25	41.31	41.24	40.56	40.02	41.86	40.06	41.12	41.64	40.83	41.13	B
West Texas Intermediate	40.75	40.75	40.75	40.00	39.50	41.25	39.50	40.50	41.00	40.25	40.50	none
West Texas Sour (34ï¿½)	36.00	36.00	36.00	35.25	34.75	36.50	34.75	35.75	36.25	35.50	35.75	none
Western Colorado	44.79	44.85	44.78	44.10	43.56	45.40	43.60	44.66	45.18	44.37	44.67	B

East of the Rockies	E182 09/17	E183 09/20	E184 09/21	E185 09/22	E186 09/23	E187 09/24	E188 09/27	E189 09/28	E190 09/29	E191 09/30	Mthly Avg
Altamont Yellow Wax	45.59	46.35	47.10	48.35	48.46	48.88	49.64	49.90	49.51	49.64	45.7073
Bonito Sour (Onshore)	43.50	44.25	45.00	46.25	46.25	46.75	47.50	47.75	47.50	47.50	43.5917
Deepwater Sour (Onshore) (30ï¿½)	39.50	40.25	41.00	42.25	42.25	42.75	43.50	43.75	43.25	43.50	39.5250
East Texas	42.00	42.75	43.50	44.75	45.00	45.25	46.00	46.25	46.00	46.00	42.1333
Eugene Island Sour (Onshore)	43.00	44.00	44.75	46.00	46.00	46.50	47.25	47.50	47.00	47.25	43.2417
Heavy Louisiana Sweet (Onshore)	44.50	45.25	46.00	47.25	47.25	47.75	48.50	48.75	48.25	48.50	44.5250
Light Louisiana Sweet (Onshore)	45.50	46.25	47.00	48.25	48.50	48.75	49.50	50.00	49.50	49.50	45.6417
New Mexico Intermediate	46.13	46.89	47.64	48.89	49.00	49.42	50.18	50.44	50.05	50.18	46.2473
New Mexico Sour (34ï¿½)	42.61	43.37	44.12	45.37	45.48	45.90	46.66	46.92	46.53	46.66	42.7273
North Texas Sweet	42.25	43.00	43.75	45.00	45.25	45.50	46.25	46.50	46.25	46.25	42.3833
Oklahoma Sour	42.61	43.37	44.12	45.37	45.48	45.90	46.66	46.92	46.53	46.66	42.7273
Oklahoma Sweet	46.30	47.06	47.81	49.06	49.17	49.59	50.35	50.61	50.22	50.35	46.4173
South Texas Light Sweet	40.25	41.00	41.75	43.00	43.25	43.50	44.25	44.50	44.25	44.25	40.3833
Southwest Wyoming Sweet	46.39	47.15	47.90	49.15	49.26	49.68	50.44	50.70	50.31	50.44	46.5073
Uinta Basin Black Wax	42.84	43.60	44.35	45.60	45.71	46.13	46.89	47.15	46.76	46.89	42.9573
West Texas Intermediate	42.25	43.00	43.75	45.00	45.25	45.50	46.25	46.50	46.25	46.25	42.3833
West Texas Sour (34ï¿½)	37.50	38.25	39.00	40.25	40.50	40.75	41.50	41.75	41.50	41.50	37.6333
Western Colorado	46.38	47.14	47.89	49.14	49.25	49.67	50.43	50.69	50.30	50.43	46.4973

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.