North America Crude Oil Marketing - July 2017 Summary East of the Rockies Bulletins 17-E126 to 17-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	E126 07/03	E127 07/05	E128 07/06	E129 07/07	E130 07/10	E131 07/11	E132 07/12	E133 07/13	E134 07/14	E135 07/17	E136 07/18	Gvty Adj*
Altamont Yellow Wax	42.32	40.38	40.77	39.48	39.65	40.29	40.74	41.33	41.79	41.27	41.65
Rocky Mountain Condensate	38.57	36.63	37.02	35.73	35.9	36.54	36.99	37.58	38.04	37.52	37.9
Southwest Wyoming Sweet	43.32	41.38	41.77	40.48	40.65	41.29	41.74	42.33	42.79	42.27	42.65
Uinta Basin Black Wax	43.07	41.13	41.52	40.23	40.4	41.04	41.49	42.08	42.54	42.02	42.4
Western Colorado	39.57	37.63	38.02	36.73	36.9	37.54	37.99	38.58	39.04	38.52	38.9

East of the Rockies	E137 07/19	E138 07/20	E139 07/21	E140 07/24	E141 07/25	E142 07/26	E143 07/27	E144 07/28	E145 07/31		Gvty Adj*	Mthly Avg
Altamont Yellow Wax	42.37	42.04	41.02	41.59	43.14	44	44.29	44.96	45.42			41.8677
Rocky Mountain Condensate	38.62	38.29	37.27	37.84	39.39	40.25	40.54	41.21	41.67			38.1177
Southwest Wyoming Sweet	43.37	43.04	42.02	42.59	44.14	45	45.29	45.96	46.42			42.8677
Uinta Basin Black Wax	43.12	42.79	41.77	42.34	43.89	44.75	45.04	45.71	46.17			42.6177
Western Colorado	39.62	39.29	38.27	38.84	40.39	41.25	41.54	42.21	42.67			39.1177

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.