Chevron Crude Oil Marketing - North America - November 2005 East of the Rockies Summary

North America Crude Oil Marketing - November 2005 Summary East of the Rockies Bulletins 05-E214 to 05-E233, 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	E214 11/01	E215 11/02	E216 11/03	E217 11/04	E218 11/07	E219 11/08	E220 11/09	E221 11/10	E222 11/11	E223 11/14	E224 11/15	Gvty Adj*
Altamont Yellow Wax	59.35	59.25	61.28	60.08	58.97	59.21	58.43	57.30	57.03	57.19	56.48	B
Bonito Sour (Onshore)	56.25	56.25	58.25	57.00	55.75	56.00	55.25	54.25	54.00	54.00	53.25	A
Deepwater Sour (Onshore) (30ï¿½)	52.75	52.75	54.75	53.50	52.50	52.75	51.75	50.75	50.50	50.50	50.00	F,G
East Texas	56.25	56.25	58.25	57.00	56.00	56.25	55.50	54.00	54.00	54.25	53.25	none
Eugene Island Sour (Onshore)	56.25	56.25	58.25	57.00	55.75	56.00	55.25	54.25	54.00	54.00	53.25	A
Heavy Louisiana Sweet (Onshore)	57.25	57.25	59.25	58.00	57.00	57.00	56.25	55.25	55.00	55.00	54.50	A
Light Louisiana Sweet (Onshore)	60.25	60.25	62.25	61.00	60.00	60.25	59.50	58.25	58.00	58.25	57.50	A
New Mexico Intermediate	59.95	59.85	61.88	60.68	59.57	59.81	59.03	57.90	57.63	57.79	57.08	none
New Mexico Sour (34ï¿½)	54.12	54.02	56.05	54.85	53.74	53.98	53.20	52.07	51.80	51.96	51.25	none
North Texas Sweet	56.50	56.50	58.50	57.25	56.25	56.50	55.75	54.25	54.25	54.50	53.50	none
Oklahoma Sour	54.12	54.02	56.05	54.85	53.74	53.98	53.20	52.07	51.80	51.96	51.25	none
Oklahoma Sweet	60.14	60.04	62.07	60.87	59.76	60.00	59.22	58.09	57.82	57.98	57.27	none
South Texas Light Sweet	54.50	54.50	56.50	55.25	54.25	54.50	53.75	52.25	52.25	52.50	51.50	none
Southwest Wyoming Sweet	60.90	60.80	62.83	61.63	60.52	60.76	59.98	58.85	58.58	58.74	58.03	E
Uinta Basin Black Wax	55.60	55.50	57.53	56.33	55.22	55.46	54.68	53.55	53.28	53.44	52.73	B
West Texas Intermediate	56.50	56.50	58.50	57.25	56.25	56.50	55.75	54.25	54.25	54.50	53.50	none
West Texas Sour (34ï¿½)	51.75	51.75	53.75	52.50	51.50	51.75	51.00	49.50	49.50	49.75	48.75	none
Western Colorado	60.64	60.54	62.57	61.37	60.26	60.50	59.72	58.59	58.32	58.48	57.77	B

East of the Rockies	E225 11/16	E226 11/17	E227 11/18	E228 11/21	E229 11/22	E230 11/23	E231 11/28	E232 11/29	E233 11/30	Mthly Avg
Altamont Yellow Wax	57.38	55.83	55.64	57.20	58.34	58.21	56.86	56.00	56.82	57.8397
Bonito Sour (Onshore)	54.25	52.75	52.50	54.00	55.25	55.00	53.75	53.00	53.75	54.7167
Deepwater Sour (Onshore) (30ï¿½)	50.75	49.25	49.00	50.50	51.75	51.75	50.25	49.50	50.25	51.2833
East Texas	54.25	52.75	52.50	54.25	55.25	55.25	53.75	53.00	53.75	54.7917
Eugene Island Sour (Onshore)	54.25	52.75	52.50	54.00	55.25	55.00	53.75	53.00	53.75	54.7167
Heavy Louisiana Sweet (Onshore)	55.25	53.75	53.50	55.00	56.25	56.00	54.75	54.00	54.75	55.7333
Light Louisiana Sweet (Onshore)	58.25	56.75	56.50	58.25	59.25	59.25	57.75	57.00	57.75	58.8083
New Mexico Intermediate	57.98	56.43	56.24	57.80	58.94	58.81	57.46	56.60	57.42	58.4397
New Mexico Sour (34ï¿½)	52.15	50.60	50.41	51.97	53.11	52.98	51.63	50.77	51.59	52.6097
North Texas Sweet	54.50	53.00	52.75	54.50	55.50	55.50	54.00	53.25	54.00	55.0417
Oklahoma Sour	52.15	50.60	50.41	51.97	53.11	52.98	51.63	50.77	51.59	52.6097
Oklahoma Sweet	58.17	56.62	56.43	57.99	59.13	59.00	57.65	56.79	57.61	58.6297
South Texas Light Sweet	52.50	51.00	50.75	52.50	53.50	53.50	52.00	51.25	52.00	53.0417
Southwest Wyoming Sweet	58.93	57.38	57.19	58.75	59.89	59.76	58.41	57.55	58.37	59.3897
Uinta Basin Black Wax	53.63	52.08	51.89	53.45	54.59	54.46	53.11	52.25	53.07	54.0897
West Texas Intermediate	54.50	53.00	52.75	54.50	55.50	55.50	54.00	53.25	54.00	55.0417
West Texas Sour (34ï¿½)	49.75	48.25	48.00	49.75	50.75	50.75	49.25	48.50	49.25	50.2917
Western Colorado	58.67	57.12	56.93	58.49	59.63	59.50	58.15	57.29	58.11	59.1297

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.