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Chevron (CVX) would be willing to pay ~300M reais ($150M) to settle lawsuits in Brazil over an...

Chevron (CVX) would be willing to pay ~300M reais ($150M) to settle lawsuits in Brazil over an offshore oil spill last year, a senior executive and a federal prosecutor say. CVX and its drilling contractor Transocean (RIG) face up to $20B in damages, but a judge is unlikely to accept the steep fines sought by the prosecutor who first filed the charges.
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