Chevron Crude Oil Marketing - North America - June 2011 East of the Rockies Summary

North America Crude Oil Marketing - June 2011 Summary East of the Rockies Bulletins 11-E105 to 11-E126, 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	E105 06/01	E106 06/02	E107 06/03	E108 06/06	E109 06/07	E110 06/08	E111 06/09	E112 06/10	E113 06/13	E114 06/14	E115 06/15	E116 06/16	Gvty Adj*
Altamont Yellow Wax	87.29	87.40	87.22	86.01	86.09	87.74	88.93	86.29	84.30	86.37	81.81	81.95	B
Bonito Sour (Onshore)	111.00	111.25	111.00	109.75	109.75	111.50	112.75	110.00	108.00	110.00	105.50	105.75	A
Deepwater Sour (Onshore) (30ï¿½)	106.75	107.00	106.75	105.50	105.50	107.25	108.50	105.75	103.75	105.75	101.25	101.50	F,G
East Texas	96.50	96.75	96.50	95.25	95.50	97.00	98.25	95.50	93.50	95.75	91.00	91.25	none
Eugene Island Sour (Onshore)	110.75	111.00	110.75	109.50	109.75	111.25	112.50	109.75	107.75	110.00	105.25	105.50	A
Heavy Louisiana Sweet (Onshore)	113.75	113.75	113.75	112.50	112.50	114.25	115.25	112.75	110.75	112.75	108.25	108.25	A
Light Louisiana Sweet (Onshore)	114.50	114.50	114.50	113.25	113.25	115.00	116.00	113.50	111.50	113.50	109.00	109.25	A
New Mexico Intermediate	96.75	97.00	96.75	95.50	95.75	97.25	98.50	95.75	93.75	96.00	91.25	91.50	none
New Mexico Sour (34ï¿½)	92.00	92.25	92.00	90.75	91.00	92.50	93.75	91.00	89.00	91.25	86.50	86.75	none
North Texas Sweet	96.75	97.00	96.75	95.50	95.75	97.25	98.50	95.75	93.75	96.00	91.25	91.50	none
Oklahoma Sour	92.00	92.25	92.00	90.75	91.00	92.50	93.75	91.00	89.00	91.25	86.50	86.75	none
Oklahoma Sweet	96.75	97.00	96.75	95.50	95.75	97.25	98.50	95.75	93.75	96.00	91.25	91.50	none
Rocky Mountain Condensate	87.04	87.15	86.97	85.76	85.84	87.49	88.68	86.04	84.05	86.12	81.56	81.70	H
South Texas Light Sweet	94.75	95.00	94.75	93.50	93.75	95.25	96.50	93.75	91.75	94.00	89.25	89.50	none
Southwest Wyoming Sweet	91.79	91.90	91.72	90.51	90.59	92.24	93.43	90.79	88.80	90.87	86.31	86.45	E
Uinta Basin Black Wax	86.29	86.40	86.22	85.01	85.09	86.74	87.93	85.29	83.30	85.37	80.81	80.95	B
West Texas Intermediate	96.75	97.00	96.75	95.50	95.75	97.25	98.50	95.75	93.75	96.00	91.25	91.50	none
West Texas Sour (34ï¿½)	92.00	92.25	92.00	90.75	91.00	92.50	93.75	91.00	89.00	91.25	86.50	86.75	none
Western Colorado	88.79	88.90	88.72	87.51	87.59	89.24	90.43	87.79	85.80	87.87	83.31	83.45	B

East of the Rockies	E117 06/17	E118 06/20	E119 06/21	E120 06/22	E121 06/23	E122 06/24	E123 06/27	E124 06/28	E125 06/29	E126 06/30	Mthly Avg
Altamont Yellow Wax	80.01	80.26	80.40	82.41	78.02	78.16	77.61	79.89	81.77	82.42	83.1903
Bonito Sour (Onshore)	103.75	104.00	104.25	106.25	101.75	102.00	101.25	103.75	105.50	106.25	106.9500
Deepwater Sour (Onshore) (30ï¿½)	99.50	99.75	100.00	102.00	97.50	97.75	97.00	99.50	101.25	102.00	102.7000
East Texas	89.25	89.50	89.75	91.75	87.25	87.50	87.00	89.25	91.00	91.75	92.4750
Eugene Island Sour (Onshore)	103.50	103.75	104.00	106.00	101.50	101.75	101.25	103.50	105.25	106.00	106.7250
Heavy Louisiana Sweet (Onshore)	106.50	106.75	106.75	108.75	104.50	104.50	104.00	106.25	108.25	108.75	109.6167
Light Louisiana Sweet (Onshore)	107.25	107.50	107.50	109.50	105.25	105.25	104.75	107.00	109.00	109.50	110.3750
New Mexico Intermediate	89.50	89.75	90.00	92.00	87.50	87.75	87.25	89.50	91.25	92.00	92.7250
New Mexico Sour (34ï¿½)	84.75	85.00	85.25	87.25	82.75	83.00	82.50	84.75	86.50	87.25	87.9750
North Texas Sweet	89.50	89.75	90.00	92.00	87.50	87.75	87.25	89.50	91.25	92.00	92.7250
Oklahoma Sour	84.75	85.00	85.25	87.25	82.75	83.00	82.50	84.75	86.50	87.25	87.9750
Oklahoma Sweet	89.50	89.75	90.00	92.00	87.50	87.75	87.25	89.50	91.25	92.00	92.7250
Rocky Mountain Condensate	79.76	80.01	80.15	82.16	77.77	77.91	77.36	79.64	81.52	82.17	82.9403
South Texas Light Sweet	87.50	87.75	88.00	90.00	85.50	85.75	85.25	87.50	89.25	90.00	90.7250
Southwest Wyoming Sweet	84.51	84.76	84.90	86.91	82.52	82.66	82.11	84.39	86.27	86.92	87.6903
Uinta Basin Black Wax	79.01	79.26	79.40	81.41	77.02	77.16	76.61	78.89	80.77	81.42	82.1903
West Texas Intermediate	89.50	89.75	90.00	92.00	87.50	87.75	87.25	89.50	91.25	92.00	92.7250
West Texas Sour (34ï¿½)	84.75	85.00	85.25	87.25	82.75	83.00	82.50	84.75	86.50	87.25	87.9750
Western Colorado	81.51	81.76	81.90	83.91	79.52	79.66	79.11	81.39	83.27	83.92	84.6903

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.