North America Crude Oil Marketing - November 2014 Summary East of the Rockies Bulletins 14-E212 to 14-E230, 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	E212 11/03	E213 11/04	E214 11/05	E215 11/06	E216 11/07	E217 11/10	E218 11/11	E219 11/12	E220 11/13	E221 11/14	Gvty Adj*
Altamont Yellow Wax	61.78	60.19	61.68	60.91	61.65	60.4	60.94	60.18	57.21	58.82
Rocky Mountain Condensate	66.78	65.19	66.68	65.91	66.65	65.4	65.94	65.18	62.21	63.82
Southwest Wyoming Sweet	70.28	68.69	70.18	69.41	70.15	68.9	69.44	68.68	65.71	67.32
Uinta Basin Black Wax	60.78	59.19	60.68	59.91	60.65	59.4	59.94	59.18	56.21	57.82
Western Colorado	67.78	66.19	67.68	66.91	67.65	66.4	66.94	66.18	63.21	64.82

East of the Rockies	E222 11/17	E223 11/18	E224 11/19	E225 11/20	E226 11/21	E227 11/24	E228 11/25	E229 11/26	E230 11/28	Gvty Adj*	Mthly Avg
Altamont Yellow Wax	58.64	57.61	57.58	58.58	59.51	58.78	57.09	56.69	49.15		58.6473
Rocky Mountain Condensate	63.64	62.61	62.58	63.58	64.51	63.78	62.09	61.69	54.15		63.6473
Southwest Wyoming Sweet	67.14	66.11	66.08	67.08	68.01	67.28	65.59	65.19	57.65		67.1473
Uinta Basin Black Wax	57.64	56.61	56.58	57.58	58.51	57.78	56.09	55.69	48.15		57.6473
Western Colorado	64.64	63.61	63.58	64.58	65.51	64.78	63.09	62.69	55.15		64.6473

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.