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

North America Crude Oil Marketing - December 2012 Summary East of the Rockies Bulletins 12-E232 to 12-E251, 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	E232 12/03	E233 12/04	E234 12/05	E235 12/06	E236 12/07	E237 12/10	E238 12/11	E239 12/12	E240 12/13	E241 12/14	E242 12/17	Gvty Adj*
Altamont Yellow Wax	74.59	74.00	73.38	71.76	71.43	71.06	71.29	72.27	71.39	72.23	72.70	B
Bonito Sour (Onshore)	106.75	106.25	105.50	104.00	103.50	103.25	103.50	104.50	103.50	104.50	105.00	A
Deepwater Sour (Onshore) (30ï¿½)	104.50	103.75	103.25	101.50	101.25	101.00	101.25	102.00	101.25	102.00	102.50	F,G
East Texas	85.50	84.75	84.25	82.50	82.25	81.75	82.00	83.00	82.25	83.00	83.50	none
Eugene Island Sour (Onshore)	107.25	106.75	106.25	104.50	104.25	103.75	104.00	105.00	104.25	105.00	105.50	A
Heavy Louisiana Sweet (Onshore)	110.00	109.50	108.75	107.25	106.75	106.50	106.75	107.75	106.75	107.50	108.00	A
Light Louisiana Sweet (Onshore)	110.25	109.50	109.00	107.25	107.00	106.50	106.75	107.75	107.00	107.75	108.25	A
New Mexico Intermediate	85.75	85.00	84.50	82.75	82.50	82.00	82.25	83.25	82.50	83.25	83.75	none
New Mexico Sour (34ï¿½)	79.75	79.00	78.50	76.75	76.50	76.00	76.25	77.25	76.50	77.25	77.75	none
North Texas Sweet	85.75	85.00	84.50	82.75	82.50	82.00	82.25	83.25	82.50	83.25	83.75	none
Oklahoma Sour	79.75	79.00	78.50	76.75	76.50	76.00	76.25	77.25	76.50	77.25	77.75	none
Oklahoma Sweet	85.75	85.00	84.50	82.75	82.50	82.00	82.25	83.25	82.50	83.25	83.75	none
Rocky Mountain Condensate	76.09	75.50	74.88	73.26	72.93	72.56	72.79	73.77	72.89	73.73	74.20	H
South Texas Light Sweet	83.75	83.00	82.50	80.75	80.50	80.00	80.25	81.25	80.50	81.25	81.75	none
Southwest Wyoming Sweet	80.59	80.00	79.38	77.76	77.43	77.06	77.29	78.27	77.39	78.23	78.70	E
Uinta Basin Black Wax	73.59	73.00	72.38	70.76	70.43	70.06	70.29	71.27	70.39	71.23	71.70	B
West Texas Intermediate	85.75	85.00	84.50	82.75	82.50	82.00	82.25	83.25	82.50	83.25	83.75	none
West Texas Sour (34ï¿½)	79.75	79.00	78.50	76.75	76.50	76.00	76.25	77.25	76.50	77.25	77.75	none
Western Colorado	77.09	76.50	75.88	74.26	73.93	73.56	73.79	74.77	73.89	74.73	75.20	B

East of the Rockies	E243 12/18	E244 12/19	E245 12/20	E246 12/21	E247 12/24	E248 12/26	E249 12/27	E250 12/28	E251 12/31	Mthly Avg
Altamont Yellow Wax	73.43	75.01	75.63	74.16	74.11	76.48	76.37	76.30	77.32	73.7445
Bonito Sour (Onshore)	105.50	107.25	107.75	106.25	106.25	108.75	108.50	108.50	109.50	105.7984
Deepwater Sour (Onshore) (30ï¿½)	103.25	104.75	105.50	104.00	104.00	106.25	106.25	106.25	107.25	103.4435
East Texas	84.25	85.75	86.50	85.00	85.00	87.25	87.25	87.00	88.25	84.5484
Eugene Island Sour (Onshore)	106.25	107.75	108.50	107.00	106.75	109.25	109.00	109.00	110.00	106.3790
Heavy Louisiana Sweet (Onshore)	108.75	110.50	111.00	109.50	109.50	111.75	111.75	111.75	112.75	109.0403
Light Louisiana Sweet (Onshore)	109.00	110.50	111.25	109.75	109.75	112.00	112.00	111.75	112.75	109.1935
New Mexico Intermediate	84.50	86.00	86.75	85.25	85.25	87.50	87.50	87.25	88.50	84.7984
New Mexico Sour (34ï¿½)	78.50	80.00	80.75	79.25	79.25	81.50	81.50	81.25	82.50	78.7984
North Texas Sweet	84.50	86.00	86.75	85.25	85.25	87.50	87.50	87.25	88.50	84.7984
Oklahoma Sour	78.50	80.00	80.75	79.25	79.25	81.50	81.50	81.25	82.50	78.7984
Oklahoma Sweet	84.50	86.00	86.75	85.25	85.25	87.50	87.50	87.25	88.50	84.7984
Rocky Mountain Condensate	74.93	76.51	77.13	75.66	75.61	77.98	77.87	77.80	78.82	75.2445
South Texas Light Sweet	82.50	84.00	84.75	83.25	83.25	85.50	85.50	85.25	86.50	82.7984
Southwest Wyoming Sweet	79.43	81.01	81.63	80.16	80.11	82.48	82.37	82.30	83.32	79.7445
Uinta Basin Black Wax	72.43	74.01	74.63	73.16	73.11	75.48	75.37	75.30	76.32	72.7445
West Texas Intermediate	84.50	86.00	86.75	85.25	85.25	87.50	87.50	87.25	88.50	84.7984
West Texas Sour (34ï¿½)	78.50	80.00	80.75	79.25	79.25	81.50	81.50	81.25	82.50	78.7984
Western Colorado	75.93	77.51	78.13	76.66	76.61	78.98	78.87	78.80	79.82	76.2445

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.