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.”