Chevron Crude Oil Marketing - North America - January 2007 East of the Rockies Summary

North America Crude Oil Marketing - January 2007 Summary East of the Rockies Bulletins 07-E1 to 07-E22, 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	E1 01/01	E2 01/02	E3 01/03	E4 01/04	E5 01/05	E6 01/08	E7 01/09	E8 01/10	E9 01/11	E10 01/12	E11 01/16	E12 01/17	Gvty Adj*
Altamont Yellow Wax	47.45	47.45	44.72	41.99	42.71	42.49	42.04	40.42	38.28	39.39	37.61	38.64	B
Bonito Sour (Onshore)	58.75	58.75	56.00	53.25	54.00	53.75	53.25	51.75	49.50	50.75	49.00	50.00	A
Deepwater Sour (Onshore) (30ï¿½)	53.25	53.25	50.50	47.75	48.50	48.25	47.75	46.25	44.00	45.00	43.25	44.25	F,G
East Texas	57.50	57.50	54.75	52.00	52.75	52.50	52.00	50.50	48.25	49.50	47.75	48.75	none
Eugene Island Sour (Onshore)	58.25	58.25	55.50	52.75	53.50	53.25	52.75	51.25	49.00	50.25	48.50	49.50	A
Heavy Louisiana Sweet (Onshore)	61.25	61.25	58.50	56.00	56.50	56.50	56.00	54.25	52.25	53.25	51.50	52.50	A
Light Louisiana Sweet (Onshore)	62.25	62.25	59.50	56.75	57.50	57.25	57.00	55.25	53.25	54.25	52.50	53.50	A
New Mexico Intermediate	57.75	57.75	55.00	52.25	53.00	52.75	52.25	50.75	48.50	49.75	48.00	49.00	none
New Mexico Sour (34ï¿½)	53.00	53.00	50.25	47.50	48.25	48.00	47.50	46.00	43.75	45.00	43.25	44.25	none
North Texas Sweet	57.75	57.75	55.00	52.25	53.00	52.75	52.25	50.75	48.50	49.75	48.00	49.00	none
Oklahoma Sour	55.21	55.21	52.48	49.75	50.47	50.25	49.80	48.18	46.04	47.15	45.37	46.40	none
Oklahoma Sweet	59.75	59.75	57.02	54.29	55.01	54.79	54.34	52.72	50.58	51.69	49.91	50.94	none
South Texas Light Sweet	55.75	55.75	53.00	50.25	51.00	50.75	50.25	48.75	46.50	47.75	46.00	47.00	none
Southwest Wyoming Sweet	57.55	57.55	54.82	52.09	52.81	52.59	52.14	50.52	48.38	49.49	47.71	48.74	E
Uinta Basin Black Wax	47.45	47.45	44.72	41.99	42.71	42.49	42.04	40.42	38.28	39.39	37.61	38.64	B
West Texas Intermediate	57.75	57.75	55.00	52.25	53.00	52.75	52.25	50.75	48.50	49.75	48.00	49.00	none
West Texas Sour (34ï¿½)	53.00	53.00	50.25	47.50	48.25	48.00	47.50	46.00	43.75	45.00	43.25	44.25	none
Western Colorado	54.25	54.25	51.52	48.79	49.51	49.29	48.84	47.22	45.08	46.19	44.41	45.44	B

East of the Rockies	E13 01/18	E14 01/19	E15 01/22	E16 01/23	E17 01/24	E18 01/25	E19 01/26	E20 01/29	E21 01/30	E22 01/31	Mthly Avg
Altamont Yellow Wax	36.88	38.39	37.53	41.44	41.77	40.63	41.82	40.41	43.37	44.54	41.0961
Bonito Sour (Onshore)	48.25	49.75	48.75	52.75	53.00	52.00	53.00	51.75	54.75	55.75	52.3952
Deepwater Sour (Onshore) (30ï¿½)	42.50	44.00	43.25	47.25	47.50	46.25	47.50	46.25	49.00	50.25	46.7984
East Texas	47.00	48.50	47.50	51.50	51.75	50.75	51.75	50.50	53.50	54.50	51.1452
Eugene Island Sour (Onshore)	47.75	49.25	48.25	52.25	52.50	51.50	52.50	51.25	54.25	55.25	51.8952
Heavy Louisiana Sweet (Onshore)	50.75	52.25	51.50	55.25	55.75	54.50	55.75	54.25	57.25	58.50	54.9758
Light Louisiana Sweet (Onshore)	51.75	53.25	52.50	56.25	56.75	55.50	56.75	55.25	58.25	59.50	55.9597
New Mexico Intermediate	47.25	48.75	47.75	51.75	52.00	51.00	52.00	50.75	53.75	54.75	51.3952
New Mexico Sour (34ï¿½)	42.50	44.00	43.00	47.00	47.25	46.25	47.25	46.00	49.00	50.00	46.6452
North Texas Sweet	47.25	48.75	47.75	51.75	52.00	51.00	52.00	50.75	53.75	54.75	51.3952
Oklahoma Sour	44.64	46.15	45.29	49.20	49.53	48.39	49.58	48.17	51.13	52.30	48.8561
Oklahoma Sweet	49.18	50.69	49.83	53.74	54.07	52.93	54.12	52.71	55.67	56.84	53.3961
South Texas Light Sweet	45.25	46.75	45.75	49.75	50.00	49.00	50.00	48.75	51.75	52.75	49.3952
Southwest Wyoming Sweet	46.98	48.49	47.63	51.54	51.87	50.73	51.92	50.51	53.47	54.64	51.1961
Uinta Basin Black Wax	36.88	38.39	37.53	41.44	41.77	40.63	41.82	40.41	43.37	44.54	41.0961
West Texas Intermediate	47.25	48.75	47.75	51.75	52.00	51.00	52.00	50.75	53.75	54.75	51.3952
West Texas Sour (34ï¿½)	42.50	44.00	43.00	47.00	47.25	46.25	47.25	46.00	49.00	50.00	46.6452
Western Colorado	43.68	45.19	44.33	48.24	48.57	47.43	48.62	47.21	50.17	51.34	47.8961

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.