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

North America Crude Oil Marketing - June 2012 Summary East of the Rockies Bulletins 12-E104 to 12-E124, 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	E104 06/01	E105 06/04	E106 06/05	E107 06/06	E108 06/07	E109 06/08	E110 06/11	E111 06/12	E112 06/13	E113 06/14	E114 06/15	Gvty Adj*
Altamont Yellow Wax	67.73	68.48	68.79	69.52	69.32	68.60	67.20	67.82	67.12	68.41	68.53	B
Bonito Sour (Onshore)	94.25	95.00	95.25	96.00	96.00	95.25	93.75	94.50	93.75	95.00	95.00	A
Deepwater Sour (Onshore) (30ï¿½)	93.00	93.75	94.00	94.75	94.50	93.75	92.50	93.00	92.25	93.50	93.75	F,G
East Texas	79.50	80.25	80.50	81.25	81.25	80.50	79.00	79.75	79.00	80.25	80.25	none
Eugene Island Sour (Onshore)	94.25	95.00	95.50	96.25	96.00	95.25	93.75	94.50	93.75	95.00	95.25	A
Heavy Louisiana Sweet (Onshore)	98.25	99.00	99.25	100.00	99.75	99.00	97.75	98.25	97.50	99.00	99.00	A
Light Louisiana Sweet (Onshore)	96.50	97.25	97.75	98.25	98.25	97.50	96.00	96.75	96.00	97.25	97.50	A
New Mexico Intermediate	79.75	80.50	80.75	81.50	81.50	80.75	79.25	80.00	79.25	80.50	80.50	none
New Mexico Sour (34ï¿½)	71.75	72.50	72.75	73.50	73.50	72.75	71.25	72.00	71.25	72.50	72.50	none
North Texas Sweet	79.75	80.50	80.75	81.50	81.50	80.75	79.25	80.00	79.25	80.50	80.50	none
Oklahoma Sour	71.75	72.50	72.75	73.50	73.50	72.75	71.25	72.00	71.25	72.50	72.50	none
Oklahoma Sweet	79.75	80.50	80.75	81.50	81.50	80.75	79.25	80.00	79.25	80.50	80.50	none
Rocky Mountain Condensate	68.98	69.73	70.04	70.77	70.57	69.85	68.45	69.07	68.37	69.66	69.78	H
South Texas Light Sweet	77.75	78.50	78.75	79.50	79.50	78.75	77.25	78.00	77.25	78.50	78.50	none
Southwest Wyoming Sweet	73.48	74.23	74.54	75.27	75.07	74.35	72.95	73.57	72.87	74.16	74.28	E
Uinta Basin Black Wax	66.73	67.48	67.79	68.52	68.32	67.60	66.20	66.82	66.12	67.41	67.53	B
West Texas Intermediate	79.75	80.50	80.75	81.50	81.50	80.75	79.25	80.00	79.25	80.50	80.50	none
West Texas Sour (34ï¿½)	71.75	72.50	72.75	73.50	73.50	72.75	71.25	72.00	71.25	72.50	72.50	none
Western Colorado	69.48	70.23	70.54	71.27	71.07	70.35	68.95	69.57	68.87	70.16	70.28	B

East of the Rockies	E115 06/18	E116 06/19	E117 06/20	E118 06/21	E119 06/22	E120 06/25	E121 06/26	E122 06/27	E123 06/28	E124 06/29	Mthly Avg
Altamont Yellow Wax	67.77	68.53	66.30	62.70	64.26	63.71	63.86	64.71	62.19	69.46	67.0903
Bonito Sour (Onshore)	94.25	95.00	92.75	89.25	90.75	90.25	90.50	91.25	88.75	96.00	93.6333
Deepwater Sour (Onshore) (30ï¿½)	93.00	93.75	91.50	88.00	89.50	89.00	89.00	90.00	87.25	94.75	92.3083
East Texas	79.50	80.25	78.00	74.50	76.00	75.50	75.75	76.50	74.00	81.25	78.8833
Eugene Island Sour (Onshore)	94.50	95.25	93.00	89.25	90.75	90.25	90.50	91.25	88.75	96.00	93.7000
Heavy Louisiana Sweet (Onshore)	98.25	99.00	96.75	93.25	94.75	94.25	94.25	95.25	92.75	100.00	97.5750
Light Louisiana Sweet (Onshore)	96.50	97.50	95.25	91.50	93.00	92.50	92.75	93.50	91.00	98.25	95.9333
New Mexico Intermediate	79.75	80.50	78.25	74.75	76.25	75.75	76.00	76.75	74.25	81.50	79.1333
New Mexico Sour (34ï¿½)	71.75	72.50	70.25	66.75	68.25	67.75	68.00	68.75	66.25	73.50	71.1333
North Texas Sweet	79.75	80.50	78.25	74.75	76.25	75.75	76.00	76.75	74.25	81.50	79.1333
Oklahoma Sour	71.75	72.50	70.25	66.75	68.25	67.75	68.00	68.75	66.25	73.50	71.1333
Oklahoma Sweet	79.75	80.50	78.25	74.75	76.25	75.75	76.00	76.75	74.25	81.50	79.1333
Rocky Mountain Condensate	69.52	70.28	68.05	64.45	66.01	65.46	65.61	66.46	63.94	71.21	68.5570
South Texas Light Sweet	77.75	78.50	76.25	72.75	74.25	73.75	74.00	74.75	72.25	79.50	77.1333
Southwest Wyoming Sweet	73.52	74.28	72.05	68.45	70.01	69.46	69.61	70.46	67.94	75.21	72.8403
Uinta Basin Black Wax	66.77	67.53	65.30	61.70	63.26	62.71	62.86	63.71	61.19	68.46	66.0903
West Texas Intermediate	79.75	80.50	78.25	74.75	76.25	75.75	76.00	76.75	74.25	81.50	79.1333
West Texas Sour (34ï¿½)	71.75	72.50	70.25	66.75	68.25	67.75	68.00	68.75	66.25	73.50	71.1333
Western Colorado	70.02	70.78	68.55	64.95	66.51	65.96	66.11	66.96	64.44	71.71	69.0570

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.