Chevron Releases Statement On International Arbitration Award For Texaco

THE HAGUE, Netherlands - Chevron Corp. on Sept. 18 announced that the Permanent Court of Arbitration (PCA) has issued a partial award in favor of it and its subsidiary Texaco Petroleum Co. (TexPet) in an international arbitration dispute with the Republic of Ecuador, finding that settlement and release agreements that were entered into by Ecuador and TexPet released it from environmental liabilities (Chevron Corporation, et al. v. The Republic of Ecuador, No. 2009-23, PCA).

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