Chevron Corporation is a party to 36 pending lawsuits and claims involving methyl tertiary butyl ether (MTBE), the majority of which involve numerous other petroleum marketers and refiners.
The Company and many other companies in the petroleum industry have used MTBE…
Chevron Corporation continues to be a defendant in a civil lawsuit before the Superior Court of Nueva Loja in Lago Agrio, Ecuador, brought in May 2003 by plaintiffs who claim to be representatives of certain residents of an area where…
Chevron Corporation’s United States capitalized environmental expenditures were US$780 million in 2008, representing about nine percent of its total consolidated U.S. capital and exploratory expenditures.
These environmental expenditures include capital outlays to retrofit existing facilities and those associated with new facilities.…
Chevron Corporation’s environmental reserve as of Dec. 31, 2008, was US$1.818 billion.
Included in this balance were remediation activities of 248 sites for which the Company had been identified as a potentially responsible party or otherwise involved in the remediation by…
Chevron Corporation’s environmental reserve, at June 30, 2008, increased to about US$1.9 billion, mainly associated with remediation liabilities the Company has incurred for sites that were previously sold.
At Dec. 31, 2007, the Company’s environmental reserve was about US$1.5 billion.
The Company…
Chevron Corporation is disputing the legal and factual merits and an engineer’s report in a civil lawsuit alleging environmental damages associated with a former oil production consortium in Ecuador.
The Company is a defendant in a civil lawsuit before the Superior…
Chevron Corporation is awaiting a court approval of its tentative settlement regarding 59 pending methyl tertiary butyl ether (MTBE) lawsuits.
The Company is a party to 89 lawsuits and claims, the majority of which involve numerous other petroleum marketers and refiners,…