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Chevron pays state record fine in Pennsylvania blast

Jun. 02, 2015 4:57 PM ETChevron Corporation (CVX) StockCVX, CAMBy: Carl Surran, SA News Editor5 Comments
  • Chevron (NYSE:CVX) pays a ~$940K fine for a fatal 2014 explosion at one its Pennsylvania gas wells that state regulators say may be the largest amount paid for a single incident.
  • The state's Department of Environmental Regulation says CVX supervisors at the well site were preoccupied with paperwork and did not properly oversee the work done by Cameron International (NYSE:CAM) contractors, one of whom was killed when natural gas escaping from a well exploded.
  • CVX paid a reported $5M to the deceased man's family to settle their wrongful death lawsuit.

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