Chevron Crude Oil Marketing - North America - February 2017 California Summary

North America Crude Oil Marketing - February 2017 Summary California Bulletins 17-CA21 to 17-CA39, with Monthly Averages

Chevron has changed its posted prices as shown below:

Effective 7:00 AM on the above listed effective date, subject to change without notice, Chevron will pay the following prices per barrel for crude oil and condensate delivered for its account into the custody of its authorized carrier or receiving agent. Prices are subject to deduction for transportation and other charges where applicable. Prices for oil apply to quantities measured by approved automatic custody transfer facilities or 100% tank table with customary adjustment of volume and gravity for temperature and full deduction for sediment and water.

* Prices are subject to a Gravity Adjustment Scale

California	CA21 02/01	CA22 02/02	CA23 02/03	CA24 02/06	CA25 02/07	CA26 02/08	CA27 02/09	CA28 02/10	CA29 02/13	CA30 02/14
Buena Vista Hills	54.84	54.50	54.79	53.97	53.38	53.80	54.46	55.32	54.39	54.66
Midway Sunset	50.29	49.95	50.24	49.42	48.83	49.25	49.91	50.77	49.84	50.11
Gravity Adjustment	Price Adjustment $/bbl/Tenth°API
Above 40.0°API	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
34.0° to 40.0°API	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100
Below 34.0°API	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350

California	CA31 02/15	CA32 02/16	CA33 02/17	CA34 02/21	CA35 02/22	CA36 02/23	CA37 02/24	CA38 02/27	CA39 02/28	Mthly Avg
Buena Vista Hills	54.57	54.82	54.86	55.52	55.05	55.83	55.45	55.51	55.22	54.8800
Midway Sunset	50.02	50.27	50.31	50.97	50.50	51.28	50.90	50.96	50.67	50.3300
Gravity Adjustment	Price Adjustment $/bbl/Tenth°API
Above 40.0°API	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000	0.0000
34.0° to 40.0°API	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100	0.0100
Below 34.0°API	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350	0.0350

Note: Prices in $/bbl

Measurement
The prices are based upon computation of quantities by mutually acceptable automatic measuring equipment in accordance with the latest ASTM Standards and API Manual of Petroleum Measurement Standards (MPMS) generally accepted in the petroleum industry with deductions for full sediment, water and other impurities.