Chevron Crude Oil Marketing - North America - March 2014 East of the Rockies Summary

North America Crude Oil Marketing - March 2014 Summary East of the Rockies Bulletins 14-E41 to 14-E61, 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	E41 03/03	E42 03/04	E43 03/05	E44 03/06	E45 03/07	E46 03/10	E47 03/11	E48 03/12	E49 03/13	E50 03/14	E51 03/17
Altamont Yellow Wax	87.92	86.33	84.45	84.56	85.58	84.12	83.03	80.99	81.2	81.89	81.08
Rocky Mountain Condensate	92.92	91.33	89.45	89.56	90.58	89.12	88.03	85.99	86.2	86.89	86.08
Southwest Wyoming Sweet	96.42	94.83	92.95	93.06	94.08	92.62	91.53	89.49	89.7	90.39	89.58
Uinta Basin Black Wax	86.92	85.33	83.45	83.56	84.58	83.12	82.03	79.99	80.2	80.89	80.08
Western Colorado	93.92	92.33	90.45	90.56	91.58	90.12	89.03	86.99	87.2	87.89	87.08

East of the Rockies	E52 03/18	E53 03/19	E54 03/20	E55 03/21	E56 03/24	E57 03/25	E58 03/26	E59 03/27	E60 03/28	E61 03/31	Mthly Avg
Altamont Yellow Wax	82.7	83.37	82.43	82.46	82.6	82.19	83.26	84.28	84.67	84.58	83.6797
Rocky Mountain Condensate	87.7	88.37	87.43	87.46	87.6	87.19	88.26	89.28	89.67	89.58	88.6797
Southwest Wyoming Sweet	91.2	91.87	90.93	90.96	91.1	90.69	91.76	92.78	93.17	93.08	92.1797
Uinta Basin Black Wax	81.7	82.37	81.43	81.46	81.6	81.19	82.26	83.28	83.67	83.58	82.6797
Western Colorado	88.7	89.37	88.43	88.46	88.6	88.19	89.26	90.28	90.67	90.58	89.6797

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.