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Chevron Shells Out $10M on Claims - Analyst Blog
1/29/2013 6:18:00 PM
U.S. energy behemoth Chevron Corporation ( CVX ) paid $10 million in claims, arising from the massive fire outbreak on its No. 4 Crude Unit of Richmond refinery on Aug 6, 2012. The amount was paid against medical compensation claims.
To date, the company has received 23,900 claims since the date
of accident, according to a letter that Chevron officials sent to
the Contra Costa County Hazardous Materials Program - a health
department that serves local residents in case of emergencies.
The devastating fire sent more than 15,000 people to emergency
rooms, while some 200 people sought medical help due to
respiratory problems. The 245,000 barrel a day unit - accounting
for one-eighth of the total refinery capacity of California State
- has been operating at 50% capacity since the date of the
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