North America Crude Oil Marketing - November 2007 Summary California Bulletins 07-CA207 to 07-CA227, 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	API	CA207 11/01	CA208 11/02	CA209 11/05	CA210 11/06	CA211 11/07	CA212 11/08	CA213 11/09	CA214 11/12	CA215 11/13	CA216 11/14	CA217 11/15
Buena Vista Hills		87.85	90.20	88.25	90.95	90.45	89.60	90.45	88.60	85.15	88.05	87.25
Coalinga		82.50	84.85	82.90	85.60	85.10	84.25	85.10	83.25	79.80	82.70	81.90
Huntington Beach		84.05	86.40	84.45	87.15	86.65	85.80	86.65	84.80	81.35	84.25	83.45
Kettleman Hills		91.35	93.70	91.75	94.45	93.95	93.10	93.95	92.10	88.65	91.55	90.75
Lost Hills		89.60	91.95	90.00	92.70	92.20	91.35	92.20	90.35	86.90	89.80	89.00
McKittrick		81.75	84.10	82.15	84.85	84.35	83.50	84.35	82.50	79.05	81.95	81.15
Midway Sunset		81.75	84.10	82.15	84.85	84.35	83.50	84.35	82.50	79.05	81.95	81.15
Seal Beach		88.85	91.20	89.25	91.95	91.45	90.60	91.45	89.60	86.15	89.05	88.25

California	API	CA218 11/16	CA219 11/19	CA220 11/20	CA221 11/21	CA222 11/23	CA223 11/26	CA224 11/27	CA225 11/28	CA226 11/29	CA227 11/30	Mthly Avg
Buena Vista Hills		88.90	88.45	92.00	91.25	92.15	91.65	88.35	84.55	85.05	82.75	89.2183
Coalinga		83.55	83.10	86.65	85.90	86.80	86.30	83.00	79.20	79.70	77.40	83.8683
Huntington Beach		85.10	84.65	88.20	87.45	88.35	87.85	84.55	80.75	81.25	78.95	85.4183
Kettleman Hills		92.40	91.95	95.50	94.75	95.65	95.15	91.85	88.05	88.55	86.25	92.7183
Lost Hills		90.65	90.20	93.75	93.00	93.90	93.40	90.10	86.30	86.80	84.50	90.9683
McKittrick		82.80	82.35	85.90	85.15	86.05	85.55	82.25	78.45	78.95	76.65	83.1183
Midway Sunset		82.80	82.35	85.90	85.15	86.05	85.55	82.25	78.45	78.95	76.65	83.1183
Seal Beach		89.90	89.45	93.00	92.25	93.15	92.65	89.35	85.55	86.05	83.75	90.2183

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.