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

North America Crude Oil Marketing - August 2011 Summary East of the Rockies Bulletins 11-E147 to 11-E169, 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	E147 08/01	E148 08/02	E149 08/03	E150 08/04	E151 08/05	E152 08/08	E153 08/09	E154 08/10	E155 08/11	E156 08/12	E157 08/15	E158 08/16	Gvty Adj*
Altamont Yellow Wax	81.89	80.79	78.93	73.63	73.88	68.31	66.30	69.89	72.72	72.38	74.88	73.65	B
Bonito Sour (Onshore)	109.25	108.00	106.25	101.00	101.25	95.50	93.50	97.25	100.00	99.75	102.25	101.00	A
Deepwater Sour (Onshore) (30ï¿½)	107.00	105.75	104.00	98.75	99.00	93.25	91.25	95.00	97.75	97.50	100.00	98.75	F,G
East Texas	91.25	90.00	88.25	83.00	83.25	77.50	75.50	79.25	82.00	81.75	84.25	83.00	none
Eugene Island Sour (Onshore)	109.25	108.00	106.25	101.00	101.25	95.50	93.50	97.25	100.00	99.75	102.25	101.00	A
Heavy Louisiana Sweet (Onshore)	112.75	111.75	109.75	104.50	104.75	99.25	97.25	100.75	103.50	103.25	105.75	104.50	A
Light Louisiana Sweet (Onshore)	111.00	110.00	108.00	102.75	103.00	97.50	95.50	99.00	101.75	101.50	104.00	102.75	A
New Mexico Intermediate	91.50	90.25	88.50	83.25	83.50	77.75	75.75	79.50	82.25	82.00	84.50	83.25	none
New Mexico Sour (34ï¿½)	86.75	85.50	83.75	78.50	78.75	73.00	71.00	74.75	77.50	77.25	79.75	78.50	none
North Texas Sweet	91.50	90.25	88.50	83.25	83.50	77.75	75.75	79.50	82.25	82.00	84.50	83.25	none
Oklahoma Sour	86.75	85.50	83.75	78.50	78.75	73.00	71.00	74.75	77.50	77.25	79.75	78.50	none
Oklahoma Sweet	91.50	90.25	88.50	83.25	83.50	77.75	75.75	79.50	82.25	82.00	84.50	83.25	none
Rocky Mountain Condensate	81.64	80.54	78.68	73.38	73.63	68.06	66.05	69.64	72.47	72.13	74.63	73.40	H
South Texas Light Sweet	89.50	88.25	86.50	81.25	81.50	75.75	73.75	77.50	80.25	80.00	82.50	81.25	none
Southwest Wyoming Sweet	86.39	85.29	83.43	78.13	78.38	72.81	70.80	74.39	77.22	76.88	79.38	78.15	E
Uinta Basin Black Wax	80.89	79.79	77.93	72.63	72.88	67.31	65.30	68.89	71.72	71.38	73.88	72.65	B
West Texas Intermediate	91.50	90.25	88.50	83.25	83.50	77.75	75.75	79.50	82.25	82.00	84.50	83.25	none
West Texas Sour (34ï¿½)	86.75	85.50	83.75	78.50	78.75	73.00	71.00	74.75	77.50	77.25	79.75	78.50	none
Western Colorado	83.39	82.29	80.43	75.13	75.38	69.81	67.80	71.39	74.22	73.88	76.38	75.15	B

East of the Rockies	E159 08/17	E160 08/18	E161 08/19	E162 08/22	E163 08/23	E164 08/24	E165 08/25	E166 08/26	E167 08/29	E168 08/30	E169 08/31	Mthly Avg
Altamont Yellow Wax	74.58	69.38	69.26	71.12	72.44	72.16	72.30	72.37	74.27	75.90	75.81	72.9877
Bonito Sour (Onshore)	101.75	96.75	96.50	98.50	99.75	99.50	99.50	99.75	101.50	103.25	103.00	100.2984
Deepwater Sour (Onshore) (30ï¿½)	99.50	94.50	94.25	96.25	97.50	97.25	97.25	97.50	99.25	101.00	100.75	98.0484
East Texas	84.00	78.75	78.50	80.50	81.75	81.50	81.50	81.75	83.50	85.25	85.00	82.3065
Eugene Island Sour (Onshore)	101.75	96.75	96.50	98.50	99.75	99.50	99.50	99.75	101.50	103.25	103.00	100.2984
Heavy Louisiana Sweet (Onshore)	105.50	100.25	100.25	102.00	103.25	103.00	103.25	103.25	105.25	106.75	106.75	103.8790
Light Louisiana Sweet (Onshore)	103.75	98.50	98.50	100.25	101.50	101.25	101.50	101.50	103.50	105.00	105.00	102.1290
New Mexico Intermediate	84.25	79.00	78.75	80.75	82.00	81.75	81.75	82.00	83.75	85.50	85.25	82.5565
New Mexico Sour (34ï¿½)	79.50	74.25	74.00	76.00	77.25	77.00	77.00	77.25	79.00	80.75	80.50	77.8065
North Texas Sweet	84.25	79.00	78.75	80.75	82.00	81.75	81.75	82.00	83.75	85.50	85.25	82.5565
Oklahoma Sour	79.50	74.25	74.00	76.00	77.25	77.00	77.00	77.25	79.00	80.75	80.50	77.8065
Oklahoma Sweet	84.25	79.00	78.75	80.75	82.00	81.75	81.75	82.00	83.75	85.50	85.25	82.5565
Rocky Mountain Condensate	74.33	69.13	69.01	70.87	72.19	71.91	72.05	72.12	74.02	75.65	75.56	72.7377
South Texas Light Sweet	82.25	77.00	76.75	78.75	80.00	79.75	79.75	80.00	81.75	83.50	83.25	80.5565
Southwest Wyoming Sweet	79.08	73.88	73.76	75.62	76.94	76.66	76.80	76.87	78.77	80.40	80.31	77.4877
Uinta Basin Black Wax	73.58	68.38	68.26	70.12	71.44	71.16	71.30	71.37	73.27	74.90	74.81	71.9877
West Texas Intermediate	84.25	79.00	78.75	80.75	82.00	81.75	81.75	82.00	83.75	85.50	85.25	82.5565
West Texas Sour (34ï¿½)	79.50	74.25	74.00	76.00	77.25	77.00	77.00	77.25	79.00	80.75	80.50	77.8065
Western Colorado	76.08	70.88	70.76	72.62	73.94	73.66	73.80	73.87	75.77	77.40	77.31	74.4877

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.