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

North America Crude Oil Marketing - March 2008 Summary East of the Rockies Bulletins 08-E43 to 08-E63, 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	E43 03/01	E44 03/03	E45 03/04	E46 03/05	E47 03/06	E48 03/07	E49 03/10	E50 03/11	E51 03/12	E52 03/13	E53 03/14	Gvty Adj*
Altamont Yellow Wax	88.34	88.95	86.02	91.02	92.47	92.15	94.90	95.75	96.92	97.33	97.21	B
Bonito Sour (Onshore)	102.00	102.75	99.75	104.75	105.75	105.50	108.25	109.00	110.25	110.50	110.50	A
Deepwater Sour (Onshore) (30ï¿½)	95.25	95.75	92.75	97.75	98.75	98.50	101.25	102.00	103.25	103.50	103.50	F,G
East Texas	98.25	98.75	96.00	101.00	102.00	101.50	104.25	105.25	106.25	106.75	106.75	none
Eugene Island Sour (Onshore)	102.00	102.50	99.50	104.50	105.50	105.25	108.00	108.75	110.00	110.50	110.25	A
Heavy Louisiana Sweet (Onshore)	104.50	105.00	102.00	107.00	108.00	107.75	110.50	111.25	112.50	113.00	112.75	A
Light Louisiana Sweet (Onshore)	105.00	105.50	102.50	107.50	108.50	108.25	111.00	111.75	113.00	113.50	113.25	A
New Mexico Intermediate	98.50	99.00	96.25	101.25	102.25	101.75	104.50	105.50	106.50	107.00	107.00	none
New Mexico Sour (34ï¿½)	93.75	94.25	91.50	96.50	97.50	97.00	99.75	100.75	101.75	102.25	102.25	none
North Texas Sweet	98.50	99.00	96.25	101.25	102.25	101.75	104.50	105.50	106.50	107.00	107.00	none
Oklahoma Sour	93.75	94.25	91.50	96.50	97.50	97.00	99.75	100.75	101.75	102.25	102.25	none
Oklahoma Sweet	98.50	99.00	96.25	101.25	102.25	101.75	104.50	105.50	106.50	107.00	107.00	none
Rocky Mountain Condensate	80.84	81.45	78.52	83.52	84.47	84.15	86.90	87.75	88.92	89.33	89.21	H
South Texas Light Sweet	96.50	97.00	94.25	99.25	100.25	99.75	102.50	103.50	104.50	105.00	105.00	none
Southwest Wyoming Sweet	93.34	93.95	91.02	96.02	96.97	96.65	99.40	100.25	101.42	101.83	101.71	E
Uinta Basin Black Wax	87.34	87.95	85.02	90.02	91.47	91.15	93.90	94.75	95.92	96.33	96.21	B
West Texas Intermediate	98.50	99.00	96.25	101.25	102.25	101.75	104.50	105.50	106.50	107.00	107.00	none
West Texas Sour (34ï¿½)	93.75	94.25	91.50	96.50	97.50	97.00	99.75	100.75	101.75	102.25	102.25	none
Western Colorado	89.84	90.45	87.52	92.52	93.97	93.65	96.40	97.25	98.42	98.83	98.71	B

East of the Rockies	E54 03/17	E55 03/18	E56 03/19	E57 03/20	E58 03/24	E59 03/25	E60 03/26	E61 03/27	E62 03/28	E63 03/31	Mthly Avg
Altamont Yellow Wax	92.68	96.42	91.48	88.84	87.86	88.22	92.90	94.58	92.62	88.58	92.0665
Bonito Sour (Onshore)	106.00	109.75	104.75	102.00	101.00	101.50	106.25	107.75	105.75	101.75	105.3871
Deepwater Sour (Onshore) (30ï¿½)	99.00	102.75	97.75	95.25	94.25	94.50	99.25	100.75	99.00	94.75	98.4677
East Texas	102.00	105.75	101.00	98.25	97.25	97.75	102.25	104.00	102.00	98.00	101.5645
Eugene Island Sour (Onshore)	105.75	109.50	104.50	102.00	101.00	101.25	106.00	107.75	105.75	101.75	105.2419
Heavy Louisiana Sweet (Onshore)	108.25	112.00	107.00	104.50	103.50	103.75	108.50	110.25	108.25	104.25	107.7419
Light Louisiana Sweet (Onshore)	108.75	112.50	107.50	105.00	104.00	104.25	109.00	110.75	108.75	104.75	108.2419
New Mexico Intermediate	102.25	106.00	101.25	98.50	97.50	98.00	102.50	104.25	102.25	98.25	101.8145
New Mexico Sour (34ï¿½)	97.50	101.25	96.50	93.75	92.75	93.25	97.75	99.50	97.50	93.50	97.0645
North Texas Sweet	102.25	106.00	101.25	98.50	97.50	98.00	102.50	104.25	102.25	98.25	101.8145
Oklahoma Sour	97.50	101.25	96.50	93.75	92.75	93.25	97.75	99.50	97.50	93.50	97.0645
Oklahoma Sweet	102.25	106.00	101.25	98.50	97.50	98.00	102.50	104.25	102.25	98.25	101.8145
Rocky Mountain Condensate	84.68	88.42	83.48	80.84	79.86	80.22	84.90	86.58	84.62	80.58	84.1471
South Texas Light Sweet	100.25	104.00	99.25	96.50	95.50	96.00	100.50	102.25	100.25	96.25	99.8145
Southwest Wyoming Sweet	97.18	100.92	95.98	93.34	92.36	92.72	97.40	99.08	97.12	93.08	96.6471
Uinta Basin Black Wax	91.68	95.42	90.48	87.84	86.86	87.22	91.90	93.58	91.62	87.58	91.0665
West Texas Intermediate	102.25	106.00	101.25	98.50	97.50	98.00	102.50	104.25	102.25	98.25	101.8145
West Texas Sour (34ï¿½)	97.50	101.25	96.50	93.75	92.75	93.25	97.75	99.50	97.50	93.50	97.0645
Western Colorado	94.18	97.92	92.98	90.34	89.36	89.72	94.40	96.08	94.12	90.08	93.5665

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.