Chevron Crude Oil Marketing - North America - November 2012 East of the Rockies Summary

North America Crude Oil Marketing - November 2012 Summary East of the Rockies Bulletins 12-E211 to 12-E231, 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	E211 11/01	E212 11/02	E213 11/05	E214 11/06	E215 11/07	E216 11/08	E217 11/09	E218 11/12	E219 11/13	E220 11/14	E221 11/15	Gvty Adj*
Altamont Yellow Wax	73.09	70.86	71.65	74.71	70.44	71.09	72.07	71.57	71.38	72.32	70.95	B
Bonito Sour (Onshore)	103.00	100.75	101.50	104.75	100.25	101.00	102.00	101.50	101.25	102.25	101.25	A
Deepwater Sour (Onshore) (30ï¿½)	100.25	98.00	98.75	102.00	97.50	98.25	99.25	98.75	98.50	99.50	98.50	F,G
East Texas	83.50	81.25	82.00	85.00	80.75	81.50	82.50	82.00	81.75	82.75	81.75	none
Eugene Island Sour (Onshore)	103.50	101.25	102.00	105.00	100.75	101.50	102.50	102.00	101.75	102.75	101.75	A
Heavy Louisiana Sweet (Onshore)	106.75	104.50	105.25	108.50	104.25	104.75	105.75	105.25	105.00	106.00	105.25	A
Light Louisiana Sweet (Onshore)	106.75	104.50	105.25	108.50	104.00	104.75	105.75	105.25	105.00	106.00	105.00	A
New Mexico Intermediate	83.75	81.50	82.25	85.25	81.00	81.75	82.75	82.25	82.00	83.00	82.00	none
New Mexico Sour (34ï¿½)	77.75	75.50	76.25	79.25	75.00	75.75	76.75	76.25	76.00	77.00	76.00	none
North Texas Sweet	83.75	81.50	82.25	85.25	81.00	81.75	82.75	82.25	82.00	83.00	82.00	none
Oklahoma Sour	77.75	75.50	76.25	79.25	75.00	75.75	76.75	76.25	76.00	77.00	76.00	none
Oklahoma Sweet	83.75	81.50	82.25	85.25	81.00	81.75	82.75	82.25	82.00	83.00	82.00	none
Rocky Mountain Condensate	74.59	72.36	73.15	76.21	71.94	72.59	73.57	73.07	72.88	73.82	72.45	H
South Texas Light Sweet	81.75	79.50	80.25	83.25	79.00	79.75	80.75	80.25	80.00	81.00	80.00	none
Southwest Wyoming Sweet	78.59	76.36	77.15	80.21	75.94	76.59	77.57	77.07	76.88	77.82	76.95	E
Uinta Basin Black Wax	72.09	69.86	70.65	73.71	69.44	70.09	71.07	70.57	70.38	71.32	69.95	B
West Texas Intermediate	83.75	81.50	82.25	85.25	81.00	81.75	82.75	82.25	82.00	83.00	82.00	none
West Texas Sour (34ï¿½)	77.75	75.50	76.25	79.25	75.00	75.75	76.75	76.25	76.00	77.00	76.00	none
Western Colorado	75.09	72.86	73.65	76.71	72.44	73.09	74.07	73.57	73.38	74.32	73.45	B

East of the Rockies	E222 11/16	E223 11/19	E224 11/20	E225 11/21	E226 11/23	E227 11/26	E228 11/27	E229 11/28	E230 11/29	E231 11/30	Mthly Avg
Altamont Yellow Wax	72.17	74.78	72.25	72.88	73.78	73.24	72.68	71.99	73.57	74.41	72.4173
Bonito Sour (Onshore)	102.50	105.25	102.75	103.25	104.25	103.75	103.00	102.50	104.00	104.75	102.5917
Deepwater Sour (Onshore) (30ï¿½)	99.75	102.50	100.00	100.50	101.50	101.00	100.25	99.75	101.25	102.00	99.8417
East Texas	83.00	85.50	83.00	83.75	84.50	84.00	83.50	82.75	84.50	85.25	83.0250
Eugene Island Sour (Onshore)	103.00	105.50	103.00	103.75	104.50	104.00	103.50	102.75	104.50	105.25	103.0250
Heavy Louisiana Sweet (Onshore)	106.25	109.00	106.50	107.00	108.00	107.50	106.75	106.25	107.75	108.50	106.3583
Light Louisiana Sweet (Onshore)	106.25	109.00	106.50	107.00	108.00	107.50	106.75	106.25	107.75	108.50	106.3417
New Mexico Intermediate	83.25	85.75	83.25	84.00	84.75	84.25	83.75	83.00	84.75	85.50	83.2750
New Mexico Sour (34ï¿½)	77.25	79.75	77.25	78.00	78.75	78.25	77.75	77.00	78.75	79.50	77.2750
North Texas Sweet	83.25	85.75	83.25	84.00	84.75	84.25	83.75	83.00	84.75	85.50	83.2750
Oklahoma Sour	77.25	79.75	77.25	78.00	78.75	78.25	77.75	77.00	78.75	79.50	77.2750
Oklahoma Sweet	83.25	85.75	83.25	84.00	84.75	84.25	83.75	83.00	84.75	85.50	83.2750
Rocky Mountain Condensate	73.67	76.28	73.75	74.38	75.28	74.74	74.18	73.49	75.07	75.91	73.9173
South Texas Light Sweet	81.25	83.75	81.25	82.00	82.75	82.25	81.75	81.00	82.75	83.50	81.2750
Southwest Wyoming Sweet	78.17	80.78	78.25	78.88	79.78	79.24	78.68	77.99	79.57	80.41	78.1840
Uinta Basin Black Wax	71.17	73.78	71.25	71.88	72.78	72.24	71.68	70.99	72.57	73.41	71.4173
West Texas Intermediate	83.25	85.75	83.25	84.00	84.75	84.25	83.75	83.00	84.75	85.50	83.2750
West Texas Sour (34ï¿½)	77.25	79.75	77.25	78.00	78.75	78.25	77.75	77.00	78.75	79.50	77.2750
Western Colorado	74.67	77.28	74.75	75.38	76.28	75.74	75.18	74.49	76.07	76.91	74.6840

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.