North America Crude Oil Marketing - November 2010 Summary California Bulletins 10-CA210 to 10-CA230, 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	CA210 11/01	CA211 11/02	CA212 11/03	CA213 11/04	CA214 11/05	CA215 11/08	CA216 11/09	CA217 11/10	CA218 11/11	CA219 11/12	CA220 11/15
Buena Vista Hills		82.97	83.92	84.72	86.52	86.62	86.82	86.47	87.55	87.55	84.60	84.55
Coalinga		78.20	79.15	79.95	81.75	81.85	82.05	81.70	82.75	82.75	79.80	79.75
Huntington Beach		73.65	74.60	75.40	77.20	77.30	77.50	77.15	78.25	78.25	75.30	75.25
Kettleman Hills		86.25	87.20	88.00	89.80	89.90	90.10	89.75	90.85	90.85	87.90	87.85
Lost Hills		84.65	85.60	86.40	88.20	88.30	88.50	88.15	89.20	89.20	86.25	86.20
McKittrick		77.40	78.35	79.15	80.95	81.05	81.25	80.90	82.00	82.00	79.05	79.00
Midway Sunset		77.40	78.35	79.15	80.95	81.05	81.25	80.90	82.00	82.00	79.05	79.00
Seal Beach		77.95	78.90	79.70	81.50	81.60	81.80	81.45	82.55	82.55	79.60	79.55

California	API	CA221 11/16	CA222 11/17	CA223 11/18	CA224 11/19	CA225 11/22	CA226 11/23	CA227 11/24	CA228 11/26	CA229 11/29	CA230 11/30	Mthly Avg
Buena Vista Hills		82.05	80.15	81.30	80.95	81.20	80.70	83.30	83.20	85.15	83.55	83.9293
Coalinga		77.25	75.35	76.50	76.15	76.40	75.90	78.50	78.40	80.35	78.75	79.1383
Huntington Beach		72.75	70.85	72.00	71.65	71.90	71.40	74.00	73.90	75.85	74.25	74.6233
Kettleman Hills		85.35	83.45	84.60	84.25	84.50	84.00	86.60	86.50	88.45	86.85	87.2233
Lost Hills		83.70	81.80	82.95	82.60	82.85	82.35	84.95	84.85	86.80	85.20	85.5883
McKittrick		76.50	74.60	75.75	75.40	75.65	75.15	77.75	77.65	79.60	78.00	78.3733
Midway Sunset		76.50	74.60	75.75	75.40	75.65	75.15	77.75	77.65	79.60	78.00	78.3733
Seal Beach		77.05	75.15	76.30	75.95	76.20	75.70	78.30	78.20	80.15	78.55	78.9233

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.