Chevron Crude Oil Marketing - North America - May 2009 East of the Rockies Summary

North America Crude Oil Marketing - May 2009 Summary East of the Rockies Bulletins 09-E86 to 09-E105, 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	E86 05/01	E87 05/04	E88 05/05	E89 05/06	E90 05/07	E91 05/08	E92 05/11	E93 05/12	E94 05/13	E95 05/14	E96 05/15	Gvty Adj*
Altamont Yellow Wax	42.20	43.47	42.84	45.34	45.71	47.63	47.50	47.85	47.02	47.62	46.34	B
Bonito Sour (Onshore)	50.50	51.75	51.00	53.50	54.00	56.00	55.75	56.00	55.25	56.00	53.50	A
Deepwater Sour (Onshore) (30ï¿½)	48.25	49.50	49.00	51.50	51.75	53.75	53.50	54.00	53.00	53.75	51.50	F,G
East Texas	49.50	51.00	50.25	52.75	53.25	55.00	55.00	55.25	54.50	55.00	52.75	none
Eugene Island Sour (Onshore)	50.75	52.00	51.25	53.75	54.25	56.25	56.00	56.50	55.50	56.25	53.75	A
Heavy Louisiana Sweet (Onshore)	51.75	53.00	52.25	54.75	55.25	57.25	57.00	57.50	56.50	57.25	54.75	A
Light Louisiana Sweet (Onshore)	52.75	54.00	53.25	55.75	56.25	58.00	58.00	58.25	57.50	58.00	55.75	A
New Mexico Intermediate	49.75	51.25	50.50	53.00	53.50	55.25	55.25	55.50	54.75	55.25	53.00	none
New Mexico Sour (34ï¿½)	45.00	46.50	45.75	48.25	48.75	50.50	50.50	50.75	50.00	50.50	48.25	none
North Texas Sweet	49.75	51.25	50.50	53.00	53.50	55.25	55.25	55.50	54.75	55.25	53.00	none
Oklahoma Sour	45.00	46.50	45.75	48.25	48.75	50.50	50.50	50.75	50.00	50.50	48.25	none
Oklahoma Sweet	49.75	51.25	50.50	53.00	53.50	55.25	55.25	55.50	54.75	55.25	53.00	none
Rocky Mountain Condensate	36.20	37.47	36.84	39.34	39.71	41.63	41.50	41.85	41.02	41.62	40.34	H
South Texas Light Sweet	47.75	49.25	48.50	51.00	51.50	53.25	53.25	53.50	52.75	53.25	51.00	none
Southwest Wyoming Sweet	41.70	42.97	42.34	44.84	45.21	47.13	47.00	47.35	46.52	47.12	45.84	E
Uinta Basin Black Wax	41.20	42.47	41.84	44.34	44.71	46.63	46.50	46.85	46.02	46.62	45.34	B
West Texas Intermediate	49.75	51.25	50.50	53.00	53.50	55.25	55.25	55.50	54.75	55.25	53.00	none
West Texas Sour (34ï¿½)	45.00	46.50	45.75	48.25	48.75	50.50	50.50	50.75	50.00	50.50	48.25	none
Western Colorado	42.20	43.47	42.84	45.34	45.71	47.63	47.50	47.85	47.02	47.62	45.84	B

East of the Rockies	E97 05/18	E98 05/19	E99 05/20	E100 05/21	E101 05/22	E102 05/26	E103 05/27	E104 05/28	E105 05/29	Mthly Avg
Altamont Yellow Wax	49.03	49.65	52.04	51.05	51.67	52.45	53.45	55.08	56.31	48.8458
Bonito Sour (Onshore)	56.25	57.00	59.25	58.25	59.00	59.75	60.75	62.25	63.50	56.5565
Deepwater Sour (Onshore) (30ï¿½)	54.00	54.75	57.00	56.00	56.75	57.50	58.50	60.25	61.25	54.3629
East Texas	55.50	56.00	58.50	57.50	58.00	58.75	59.75	61.50	62.75	55.6935
Eugene Island Sour (Onshore)	56.50	57.25	59.50	58.50	59.25	60.00	61.00	62.50	63.75	56.8145
Heavy Louisiana Sweet (Onshore)	57.50	58.25	60.50	59.50	60.25	61.00	62.00	63.50	64.75	57.8145
Light Louisiana Sweet (Onshore)	58.50	59.25	61.50	60.50	61.25	62.00	63.00	64.50	65.75	58.7742
New Mexico Intermediate	55.75	56.25	58.75	57.75	58.25	59.00	60.00	61.75	63.00	55.9435
New Mexico Sour (34ï¿½)	51.00	51.50	54.00	53.00	53.50	54.25	55.25	57.00	58.25	51.1935
North Texas Sweet	55.75	56.25	58.75	57.75	58.25	59.00	60.00	61.75	63.00	55.9435
Oklahoma Sour	51.00	51.50	54.00	53.00	53.50	54.25	55.25	57.00	58.25	51.1935
Oklahoma Sweet	55.75	56.25	58.75	57.75	58.25	59.00	60.00	61.75	63.00	55.9435
Rocky Mountain Condensate	43.03	43.65	46.04	45.05	45.67	46.45	47.45	49.08	50.31	42.8458
South Texas Light Sweet	53.75	54.25	56.75	55.75	56.25	57.00	58.00	59.75	61.00	53.9435
Southwest Wyoming Sweet	48.53	49.15	51.54	50.55	51.17	51.95	52.95	54.58	55.81	48.3458
Uinta Basin Black Wax	48.03	48.65	51.04	50.05	50.67	51.45	52.45	54.08	55.31	47.8458
West Texas Intermediate	55.75	56.25	58.75	57.75	58.25	59.00	60.00	61.75	63.00	55.9435
West Texas Sour (34ï¿½)	51.00	51.50	54.00	53.00	53.50	54.25	55.25	57.00	58.25	51.1935
Western Colorado	48.53	49.15	51.54	50.55	51.17	51.95	52.95	54.58	55.81	48.5716

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.