Chevron Crude Oil Marketing - North America - November 2020 California Summary

North America Crude Oil Marketing - November 2020 Summary California Bulletins 20-CA212 to 20-CA231, 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	CA212 11/02	CA213 11/03	CA214 11/04	CA215 11/05	CA216 11/06	CA217 11/09	CA218 11/10	CA219 11/11	CA220 11/12	CA221 11/13	CA222 11/16
Buena Vista Hills	40.36	41.21	42.70	42.34	40.69	43.84	44.91	45.00	44.67	43.68	44.89
Midway Sunset	35.81	36.66	38.15	37.79	36.14	39.29	40.36	40.45	40.12	39.13	40.34
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
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
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

California	CA223 11/17	CA224 11/18	CA225 11/19	CA226 11/20	CA227 11/23	CA228 11/24	CA229 11/25	CA230 11/27	CA231 11/30	Mthly Avg
Buena Vista Hills	44.98	45.62	45.54	45.95	47.11	48.96	49.76	49.58	49.39	45.0027
Midway Sunset	40.43	41.07	40.99	41.40	42.56	44.41	45.21	45.03	44.84	40.4527
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.