Chevron Crude Oil Marketing - North America - March 2018 California Summary

North America Crude Oil Marketing - March 2018 Summary California Bulletins 18-CA41 to 18-CA61, 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	CA41 03/01	CA42 03/02	CA43 03/05	CA44 03/06	CA45 03/07	CA46 03/08	CA47 03/09	CA48 03/12	CA50 03/14	CA51 03/15
Buena Vista Hills	66.70	66.96	67.78	67.81	66.36	65.33	67.25	66.57	66.17	66.46
Midway Sunset	62.15	62.41	63.23	63.26	61.81	60.78	62.70	62.02	61.62	61.91
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	CA53 03/19	CA54 03/20	CA55 03/21	CA56 03/22	CA57 03/23	CA58 03/26	CA59 03/27	CA60 03/28	CA61 03/29	Mthly Avg
Buena Vista Hills	67.27	68.36	70.13	69.26	70.84	70.51	70.21	69.34	70.15	68.1648
Midway Sunset	62.72	63.81	65.58	64.71	66.29	65.96	65.66	64.79	65.60	63.6148
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.