Chevron Crude Oil Marketing - North America - October 2019 California Summary

North America Crude Oil Marketing - October 2019 Summary California Bulletins 19-CA189 to 19-CA211, 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	CA189 10/01	CA190 10/02	CA191 10/03	CA192 10/04	CA193 10/07	CA194 10/08	CA195 10/09	CA196 10/10	CA197 10/11	CA198 10/14	CA199 10/15	CA200 10/16
Buena Vista Hills	61.92	60.94	60.75	61.11	61.05	60.93	60.89	61.85	63.00	61.89	61.11	61.66
Midway Sunset	57.37	56.39	56.20	56.56	56.50	56.38	56.34	57.30	58.45	57.34	56.56	57.11
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	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	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	0.0350	0.0350

California	CA201 10/17	CA202 10/18	CA203 10/21	CA204 10/22	CA205 10/23	CA206 10/24	CA207 10/25	CA208 10/28	CA209 10/29	CA210 10/30	CA211 10/31	Mthly Avg
Buena Vista Hills	62.23	62.08	61.61	62.46	64.27	64.53	64.96	64.11	63.84	63.36	62.48	62.4300
Midway Sunset	57.68	57.53	57.06	57.91	59.72	59.98	60.41	59.56	59.29	58.81	57.93	57.8800
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	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	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	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.