Chevron Crude Oil Marketing - North America - November 2008 East of the Rockies Summary

North America Crude Oil Marketing - November 2008 Summary East of the Rockies Bulletins 08-E217 to 08-E236, 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	E217 11/01	E218 11/03	E219 11/04	E220 11/05	E221 11/06	E222 11/07	E223 11/10	E224 11/11	E225 11/12	E226 11/13	E227 11/14	Gvty Adj*
Altamont Yellow Wax	53.31	49.41	56.03	50.80	46.27	46.54	47.91	44.83	41.66	43.74	42.54	B
Bonito Sour (Onshore)	66.75	63.00	69.50	64.25	59.75	60.00	61.50	58.50	55.25	57.25	56.00	A
Deepwater Sour (Onshore) (30ï¿½)	60.75	57.00	63.50	58.25	53.75	54.00	55.50	52.50	49.25	51.25	50.00	F,G
East Texas	64.25	60.25	67.00	61.75	57.25	57.50	58.75	55.75	52.50	54.75	53.50	none
Eugene Island Sour (Onshore)	67.00	63.00	69.50	64.25	59.75	60.00	61.50	58.50	55.25	57.25	56.00	A
Heavy Louisiana Sweet (Onshore)	69.25	65.50	72.00	66.75	62.25	62.50	64.00	60.75	57.75	59.75	58.50	A
Light Louisiana Sweet (Onshore)	70.00	66.00	72.75	67.50	63.00	63.25	64.50	61.50	58.25	60.50	59.25	A
New Mexico Intermediate	64.50	60.50	67.25	62.00	57.50	57.75	59.00	56.00	52.75	55.00	53.75	none
New Mexico Sour (34ï¿½)	59.75	55.75	62.50	57.25	52.75	53.00	54.25	51.25	48.00	50.25	49.00	none
North Texas Sweet	64.50	60.50	67.25	62.00	57.50	57.75	59.00	56.00	52.75	55.00	53.75	none
Oklahoma Sour	59.75	55.75	62.50	57.25	52.75	53.00	54.25	51.25	48.00	50.25	49.00	none
Oklahoma Sweet	64.50	60.50	67.25	62.00	57.50	57.75	59.00	56.00	52.75	55.00	53.75	none
Rocky Mountain Condensate	45.81	41.91	48.53	43.30	38.77	39.04	40.41	37.33	34.16	36.24	35.04	H
South Texas Light Sweet	62.50	58.50	65.25	60.00	55.50	55.75	57.00	54.00	50.75	53.00	51.75	none
Southwest Wyoming Sweet	52.81	48.91	55.53	50.30	45.77	46.04	47.41	44.33	41.16	43.24	42.04	E
Uinta Basin Black Wax	52.31	48.41	55.03	49.80	45.27	45.54	46.91	43.83	40.66	42.74	41.54	B
West Texas Intermediate	64.50	60.50	67.25	62.00	57.50	57.75	59.00	56.00	52.75	55.00	53.75	none
West Texas Sour (34ï¿½)	59.75	55.75	62.50	57.25	52.75	53.00	54.25	51.25	48.00	50.25	49.00	none
Western Colorado	52.81	48.91	55.53	50.30	45.77	46.04	47.41	44.33	41.16	43.24	42.04	B

East of the Rockies	E228 11/17	E229 11/18	E230 11/19	E231 11/20	E232 11/21	E233 11/24	E234 11/25	E235 11/26	E236 11/28	Mthly Avg
Altamont Yellow Wax	40.45	39.89	39.12	35.12	35.43	40.00	36.27	39.94	39.93	43.0440
Bonito Sour (Onshore)	54.00	53.50	52.75	48.75	49.00	53.50	49.75	53.50	53.50	56.5750
Deepwater Sour (Onshore) (30ï¿½)	48.00	47.50	46.75	42.75	43.00	47.50	43.75	47.50	47.50	50.5750
East Texas	51.25	50.75	50.00	46.00	46.25	51.00	47.25	50.75	50.75	53.9417
Eugene Island Sour (Onshore)	54.00	53.50	52.75	48.75	49.00	53.50	49.75	53.50	53.50	56.5917
Heavy Louisiana Sweet (Onshore)	56.50	56.00	55.25	51.25	51.50	56.00	52.25	56.00	56.00	59.0667
Light Louisiana Sweet (Onshore)	57.00	56.50	55.75	51.75	52.00	56.75	53.00	56.50	56.50	59.6917
New Mexico Intermediate	51.50	51.00	50.25	46.25	46.50	51.25	47.50	51.00	51.00	54.1917
New Mexico Sour (34ï¿½)	46.75	46.25	45.50	41.50	41.75	46.50	42.75	46.25	46.25	49.4417
North Texas Sweet	51.50	51.00	50.25	46.25	46.50	51.25	47.50	51.00	51.00	54.1917
Oklahoma Sour	46.75	46.25	45.50	41.50	41.75	46.50	42.75	46.25	46.25	49.4417
Oklahoma Sweet	51.50	51.00	50.25	46.25	46.50	51.25	47.50	51.00	51.00	54.1917
Rocky Mountain Condensate	32.95	32.39	31.62	27.62	27.93	32.50	28.77	32.44	32.43	35.5440
South Texas Light Sweet	49.50	49.00	48.25	44.25	44.50	49.25	45.50	49.00	49.00	52.1917
Southwest Wyoming Sweet	39.95	39.39	38.62	34.62	34.93	39.50	35.77	39.44	39.43	42.5440
Uinta Basin Black Wax	39.45	38.89	38.12	34.12	34.43	39.00	35.27	38.94	38.93	42.0440
West Texas Intermediate	51.50	51.00	50.25	46.25	46.50	51.25	47.50	51.00	51.00	54.1917
West Texas Sour (34ï¿½)	46.75	46.25	45.50	41.50	41.75	46.50	42.75	46.25	46.25	49.4417
Western Colorado	39.95	39.39	38.62	34.62	34.93	39.50	35.77	39.44	39.43	42.5440

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.