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

North America Crude Oil Marketing - July 2011 Summary East of the Rockies Bulletins 11-E127 to 11-E146, 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	E127 07/01	E128 07/05	E129 07/06	E130 07/07	E131 07/08	E132 07/11	E133 07/12	E134 07/13	E135 07/14	E136 07/15	E137 07/18	Gvty Adj*
Altamont Yellow Wax	81.94	83.89	83.65	85.67	83.20	82.15	84.43	85.05	82.69	84.24	82.93	B
Bonito Sour (Onshore)	109.00	111.00	110.75	112.75	110.25	109.25	111.50	112.00	109.75	111.25	110.00	A
Deepwater Sour (Onshore) (30ï¿½)	106.00	108.00	107.75	109.75	107.25	106.25	108.50	109.00	106.75	108.25	107.00	F,G
East Texas	91.25	93.25	93.00	95.00	92.50	91.50	93.75	94.25	92.00	93.50	92.25	none
Eugene Island Sour (Onshore)	108.75	110.75	110.50	112.50	110.00	109.00	111.25	111.75	109.50	111.00	109.75	A
Heavy Louisiana Sweet (Onshore)	111.75	113.50	113.50	115.50	113.00	112.00	114.25	114.75	112.50	114.00	112.75	A
Light Louisiana Sweet (Onshore)	111.50	113.50	113.25	115.25	112.75	111.75	114.00	114.75	112.25	113.75	112.50	A
New Mexico Intermediate	91.50	93.50	93.25	95.25	92.75	91.75	94.00	94.50	92.25	93.75	92.50	none
New Mexico Sour (34ï¿½)	86.75	88.75	88.50	90.50	88.00	87.00	89.25	89.75	87.50	89.00	87.75	none
North Texas Sweet	91.50	93.50	93.25	95.25	92.75	91.75	94.00	94.50	92.25	93.75	92.50	none
Oklahoma Sour	86.75	88.75	88.50	90.50	88.00	87.00	89.25	89.75	87.50	89.00	87.75	none
Oklahoma Sweet	91.50	93.50	93.25	95.25	92.75	91.75	94.00	94.50	92.25	93.75	92.50	none
Rocky Mountain Condensate	81.69	83.64	83.40	85.42	82.95	81.90	84.18	84.80	82.44	83.99	82.68	H
South Texas Light Sweet	89.50	91.50	91.25	93.25	90.75	89.75	92.00	92.50	90.25	91.75	90.50	none
Southwest Wyoming Sweet	86.44	88.39	88.15	90.17	87.70	86.65	88.93	89.55	87.19	88.74	87.43	E
Uinta Basin Black Wax	80.94	82.89	82.65	84.67	82.20	81.15	83.43	84.05	81.69	83.24	81.93	B
West Texas Intermediate	91.50	93.50	93.25	95.25	92.75	91.75	94.00	94.50	92.25	93.75	92.50	none
West Texas Sour (34ï¿½)	86.75	88.75	88.50	90.50	88.00	87.00	89.25	89.75	87.50	89.00	87.75	none
Western Colorado	83.44	85.39	85.15	87.17	84.70	83.65	85.93	86.55	84.19	85.74	84.43	B

East of the Rockies	E138 07/19	E139 07/20	E140 07/21	E141 07/22	E142 07/25	E143 07/26	E144 07/27	E145 07/28	E146 07/29	Mthly Avg
Altamont Yellow Wax	84.50	85.14	86.13	86.87	86.20	86.59	84.40	84.44	82.70	84.0855
Bonito Sour (Onshore)	111.50	112.25	113.25	114.00	113.25	113.50	111.50	111.50	109.75	111.1452
Deepwater Sour (Onshore) (30ï¿½)	108.50	109.25	110.25	111.00	110.25	110.50	108.50	108.50	106.75	108.1452
East Texas	93.75	94.50	95.50	96.25	95.50	96.00	93.75	93.75	92.00	93.4032
Eugene Island Sour (Onshore)	111.25	112.00	113.00	113.75	113.00	113.50	111.25	111.25	109.50	110.9032
Heavy Louisiana Sweet (Onshore)	114.25	114.75	115.75	116.50	116.00	116.25	114.25	114.25	112.50	113.8468
Light Louisiana Sweet (Onshore)	114.25	114.75	115.75	116.50	115.75	116.25	114.00	114.00	112.25	113.6694
New Mexico Intermediate	94.00	94.75	95.75	96.50	95.75	96.25	94.00	94.00	92.25	93.6532
New Mexico Sour (34ï¿½)	89.25	90.00	91.00	91.75	91.00	91.50	89.25	89.25	87.50	88.9032
North Texas Sweet	94.00	94.75	95.75	96.50	95.75	96.25	94.00	94.00	92.25	93.6532
Oklahoma Sour	89.25	90.00	91.00	91.75	91.00	91.50	89.25	89.25	87.50	88.9032
Oklahoma Sweet	94.00	94.75	95.75	96.50	95.75	96.25	94.00	94.00	92.25	93.6532
Rocky Mountain Condensate	84.25	84.89	85.88	86.62	85.95	86.34	84.15	84.19	82.45	83.8355
South Texas Light Sweet	92.00	92.75	93.75	94.50	93.75	94.25	92.00	92.00	90.25	91.6532
Southwest Wyoming Sweet	89.00	89.64	90.63	91.37	90.70	91.09	88.90	88.94	87.20	88.5855
Uinta Basin Black Wax	83.50	84.14	85.13	85.87	85.20	85.59	83.40	83.44	81.70	83.0855
West Texas Intermediate	94.00	94.75	95.75	96.50	95.75	96.25	94.00	94.00	92.25	93.6532
West Texas Sour (34ï¿½)	89.25	90.00	91.00	91.75	91.00	91.50	89.25	89.25	87.50	88.9032
Western Colorado	86.00	86.64	87.63	88.37	87.70	88.09	85.90	85.94	84.20	85.5855

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.