Chevron Pays Oil Spill Expenses

The Wall Street Journal reported that Chevron Corp. (NYSE:CVX) paid a $17.3 million fine for irregularities related to a 2011 oil spill off the coast of Rio de Janeiro.

As quoted in the market news:

The agency said it granted Chevron a 30% discount because it paid the fine on time and didn’t challenge it.

Chevron confirmed it paid the fine and said it will “implement a number of process improvements developed from lessons learned in the incident. Chevron Brasil respects and complies with the laws of the countries in which it operates.”

Click here to read the full report from The Wall Street Journal.