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

North America Crude Oil Marketing - July 2012 Summary East of the Rockies Bulletins 12-E125 to 12-E145, 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	E125 07/02	E126 07/03	E127 07/05	E128 07/06	E129 07/09	E130 07/10	E131 07/11	E132 07/12	E133 07/13	E134 07/16	E135 07/17	Gvty Adj*
Altamont Yellow Wax	68.25	72.16	71.72	68.95	70.49	68.41	70.31	70.56	71.60	73.18	73.97	B
Bonito Sour (Onshore)	94.50	98.50	98.00	95.25	96.75	94.75	96.75	97.00	98.00	99.25	100.00	A
Deepwater Sour (Onshore) (30ï¿½)	93.00	96.75	96.50	93.75	95.25	93.00	95.00	95.25	96.25	97.75	98.50	F,G
East Texas	80.00	84.00	83.50	80.75	82.25	80.25	82.00	82.25	83.50	84.75	85.50	none
Eugene Island Sour (Onshore)	94.50	98.50	98.00	95.25	96.75	94.75	96.75	97.00	98.00	99.25	100.00	A
Heavy Louisiana Sweet (Onshore)	97.00	100.75	100.50	97.75	99.25	97.00	99.00	99.25	100.25	101.50	102.50	A
Light Louisiana Sweet (Onshore)	95.75	99.50	99.25	96.25	98.00	95.75	97.75	98.00	99.00	100.25	101.25	A
New Mexico Intermediate	80.25	84.25	83.75	81.00	82.50	80.50	82.25	82.50	83.75	85.00	85.75	none
New Mexico Sour (34ï¿½)	72.25	76.25	75.75	73.00	74.50	72.50	74.25	74.50	75.75	77.00	77.75	none
North Texas Sweet	80.25	84.25	83.75	81.00	82.50	80.50	82.25	82.50	83.75	85.00	85.75	none
Oklahoma Sour	72.25	76.25	75.75	73.00	74.50	72.50	74.25	74.50	75.75	77.00	77.75	none
Oklahoma Sweet	80.25	84.25	83.75	81.00	82.50	80.50	82.25	82.50	83.75	85.00	85.75	none
Rocky Mountain Condensate	70.00	73.91	73.47	70.70	72.24	70.16	72.06	72.31	73.35	74.68	75.47	H
South Texas Light Sweet	78.25	82.25	81.75	79.00	80.50	78.50	80.25	80.50	81.75	83.00	83.75	none
Southwest Wyoming Sweet	74.00	77.91	77.47	74.70	76.24	74.16	76.06	76.31	77.35	78.68	79.47	E
Uinta Basin Black Wax	67.25	71.16	70.72	67.95	69.49	67.41	69.31	69.56	70.60	72.18	72.97	B
West Texas Intermediate	80.25	84.25	83.75	81.00	82.50	80.50	82.25	82.50	83.75	85.00	85.75	none
West Texas Sour (34ï¿½)	72.25	76.25	75.75	73.00	74.50	72.50	74.25	74.50	75.75	77.00	77.75	none
Western Colorado	70.50	74.41	73.97	71.20	72.74	70.66	72.56	72.81	73.85	75.43	76.22	B

East of the Rockies	E136 07/18	E137 07/19	E138 07/20	E139 07/23	E140 07/24	E141 07/25	E142 07/26	E143 07/27	E144 07/30	E145 07/31	Mthly Avg
Altamont Yellow Wax	74.62	77.41	76.19	72.89	73.25	73.72	74.14	74.88	74.53	72.81	72.5452
Bonito Sour (Onshore)	100.75	103.50	102.25	99.00	99.25	99.75	100.25	101.00	100.75	99.00	98.7661
Deepwater Sour (Onshore) (30ï¿½)	99.00	101.75	100.75	97.25	97.75	98.25	98.50	99.25	99.00	97.25	97.1371
East Texas	86.25	89.00	87.75	84.50	84.75	85.25	85.75	86.50	86.00	84.25	84.2258
Eugene Island Sour (Onshore)	100.75	103.50	102.25	99.00	99.25	99.75	100.25	101.00	100.75	99.00	98.7661
Heavy Louisiana Sweet (Onshore)	103.00	105.75	104.50	101.25	101.75	102.25	102.50	103.25	103.00	101.25	101.1452
Light Louisiana Sweet (Onshore)	101.75	104.50	103.25	100.00	100.50	101.00	101.25	102.00	101.75	100.00	99.8548
New Mexico Intermediate	86.50	89.25	88.00	84.75	85.00	85.50	86.00	86.75	86.25	84.50	84.4758
New Mexico Sour (34ï¿½)	78.50	81.25	80.00	76.75	77.00	77.50	78.00	78.75	78.25	76.50	76.4758
North Texas Sweet	86.50	89.25	88.00	84.75	85.00	85.50	86.00	86.75	86.25	84.50	84.4758
Oklahoma Sour	78.50	81.25	80.00	76.75	77.00	77.50	78.00	78.75	78.25	76.50	76.4758
Oklahoma Sweet	86.50	89.25	88.00	84.75	85.00	85.50	86.00	86.75	86.25	84.50	84.4758
Rocky Mountain Condensate	76.12	78.91	77.69	74.39	74.75	75.22	75.64	76.38	76.03	74.31	74.1661
South Texas Light Sweet	84.50	87.25	86.00	82.75	83.00	83.50	84.00	84.75	84.25	82.50	82.4758
Southwest Wyoming Sweet	80.12	82.91	81.69	78.39	78.75	79.22	79.64	80.38	80.03	78.31	78.1661
Uinta Basin Black Wax	73.62	76.41	75.19	71.89	72.25	72.72	73.14	73.88	73.53	71.81	71.5452
West Texas Intermediate	86.50	89.25	88.00	84.75	85.00	85.50	86.00	86.75	86.25	84.50	84.4758
West Texas Sour (34ï¿½)	78.50	81.25	80.00	76.75	77.00	77.50	78.00	78.75	78.25	76.50	76.4758
Western Colorado	76.87	79.66	78.44	75.14	75.50	75.97	76.39	77.13	76.78	75.06	74.7952

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.