US Fines Chevron $1.1 Million

摘要

Chevron has been fined a $1.1 million civil penalty for illegally claiming transportation deductions from federal royalties it owed on certain Gulf of Mexico oil leases, the US Interior Department said on Wednesday. The department cited Chevron for claiming transportation deductions for certain leases in the Gulf of Mexico when the leases specifically prevent deductions for oil transportation. The leases were originally issued by the State of Louisiana in the 1940s and later converted to federal leases, but they retained the terms that bar deductions for oil transportation.