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

North America Crude Oil Marketing - July 2005 Summary East of the Rockies Bulletins 05-E128 to 05-E147, 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	E128 07/01	E129 07/05	E130 07/06	E131 07/07	E132 07/08	E133 07/11	E134 07/12	E135 07/13	E136 07/14	E137 07/15	E138 07/18	Gvty Adj*
Altamont Yellow Wax	58.25	59.09	60.78	60.23	59.13	58.42	60.12	59.51	57.30	57.59	56.82	B
Bonito Sour (Onshore)	55.50	56.25	58.00	57.25	56.25	55.50	57.25	56.75	54.50	54.75	54.00	A
Deepwater Sour (Onshore) (30ï¿½)	52.50	53.25	55.00	54.50	53.25	52.50	54.25	53.75	51.50	51.75	51.00	F,G
East Texas	55.00	56.00	57.75	57.00	56.00	55.50	57.00	56.25	54.25	54.50	53.75	none
Eugene Island Sour (Onshore)	55.25	56.00	57.75	57.25	56.00	55.25	57.00	56.50	54.25	54.50	53.75	A
Heavy Louisiana Sweet (Onshore)	56.50	57.50	59.00	58.50	57.50	56.75	58.50	57.75	55.50	56.00	55.25	A
Light Louisiana Sweet (Onshore)	57.75	58.75	60.25	59.75	58.75	58.00	59.75	59.00	56.75	57.25	56.50	A
New Mexico Intermediate	57.85	58.69	60.38	59.83	58.73	58.02	59.72	59.11	56.90	57.19	56.42	none
New Mexico Sour (34ï¿½)	55.01	55.85	57.54	56.99	55.89	55.18	56.88	56.27	54.06	54.35	53.58	none
North Texas Sweet	55.25	56.25	58.00	57.25	56.25	55.75	57.25	56.50	54.50	54.75	54.00	none
Oklahoma Sour	55.01	55.85	57.54	56.99	55.89	55.18	56.88	56.27	54.06	54.35	53.58	none
Oklahoma Sweet	57.76	58.60	60.29	59.74	58.64	57.93	59.63	59.02	56.81	57.10	56.33	none
South Texas Light Sweet	53.25	54.25	56.00	55.25	54.25	53.75	55.25	54.50	52.50	52.75	52.00	none
Southwest Wyoming Sweet	59.80	60.64	62.33	61.78	60.68	59.97	61.67	61.06	58.85	59.14	58.37	E
Uinta Basin Black Wax	55.50	56.34	58.03	57.48	56.38	55.67	57.37	56.76	54.55	54.84	54.07	B
West Texas Intermediate	55.25	56.25	58.00	57.25	56.25	55.75	57.25	56.50	54.50	54.75	54.00	none
West Texas Sour (34ï¿½)	50.50	51.50	53.25	52.50	51.50	51.00	52.50	51.75	49.75	50.00	49.25	none
Western Colorado	59.54	60.38	62.07	61.52	60.42	59.71	61.41	60.80	58.59	58.88	58.11	B

East of the Rockies	E139 07/19	E140 07/20	E141 07/21	E142 07/22	E143 07/25	E144 07/26	E145 07/27	E146 07/28	E147 07/29	Mthly Avg
Altamont Yellow Wax	56.96	56.22	56.63	58.15	58.50	58.70	58.61	59.44	60.07	58.5532
Bonito Sour (Onshore)	54.00	53.25	53.75	55.25	55.75	55.75	55.75	56.50	57.25	55.7016
Deepwater Sour (Onshore) (30ï¿½)	51.25	50.50	50.75	52.25	52.75	53.00	52.75	53.75	54.25	52.7419
East Texas	54.00	53.25	53.50	55.50	55.50	55.75	55.50	56.25	57.00	55.4919
Eugene Island Sour (Onshore)	53.75	53.00	53.50	55.00	55.50	55.50	55.50	56.25	57.00	55.4597
Heavy Louisiana Sweet (Onshore)	55.25	54.50	55.00	56.50	56.75	57.00	57.00	57.75	58.50	56.8871
Light Louisiana Sweet (Onshore)	56.50	55.75	56.25	57.75	58.00	58.25	58.25	59.00	59.75	58.1371
New Mexico Intermediate	56.56	55.82	56.23	57.75	58.10	58.30	58.21	59.04	59.67	58.1532
New Mexico Sour (34ï¿½)	53.72	52.98	53.39	54.91	55.26	55.46	55.37	56.20	56.83	55.3132
North Texas Sweet	54.25	53.50	53.75	55.75	55.75	56.00	55.75	56.50	57.25	55.7419
Oklahoma Sour	53.72	52.98	53.39	54.91	55.26	55.46	55.37	56.20	56.83	55.3132
Oklahoma Sweet	56.47	55.73	56.14	57.66	58.01	58.21	58.12	58.95	59.58	58.0632
South Texas Light Sweet	52.25	51.50	51.75	53.75	53.75	54.00	53.75	54.50	55.25	53.7419
Southwest Wyoming Sweet	58.51	57.77	58.18	59.70	60.05	60.25	60.16	60.99	61.62	60.1032
Uinta Basin Black Wax	54.21	53.47	53.88	55.40	55.75	55.95	55.86	56.69	57.32	55.8032
West Texas Intermediate	54.25	53.50	53.75	55.75	55.75	56.00	55.75	56.50	57.25	55.7419
West Texas Sour (34ï¿½)	49.50	48.75	49.00	51.00	51.00	51.25	51.00	51.75	52.50	50.9919
Western Colorado	58.25	57.51	57.92	59.44	59.79	59.99	59.90	60.73	61.36	59.8432

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.