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Stock Market & Financial Investment News

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February 8, 2013
09:03 EDTCVXChevron says tribunal finds Ecuador in breach of its obligations
Chevron announced that an international arbitration tribunal issued an award finding that the Republic of Ecuador has violated the Tribunalís prior Interim Awards authorized under international law and a treaty between the United States and Ecuador by not preventing the attempted enforcement of a $19B judgment against Chevron. In prior rulings, the Tribunal put the Republic on notice that if Chevronís arbitration ultimately prevails, ďany loss arising from the enforcement of (the judgment) may be losses for which the (Republic) would be responsible to (Chevron) under international law.Ē In its ruling, the Tribunal found that ďNeither disagreement with the Tribunalís orders and awards on interim measures nor constraints under Ecuadorian law can excuse the failure of the (Republic), through any of its branches or organs, to fulfil its obligations under international law imposed by the Treaty, the UNCITRAL Rules and the Tribunalís orders and awards thereunder, particularly the First and Second Interim Awards on Interim Measures.Ē In August 2011, a different international arbitration tribunal convened under the BIT awarded Chevron and Texaco Petroleum $96M, plus interest, in a claim against the Republic of Ecuador related to past oil operations. The Tribunal found that Ecuador's courts violated the BIT and international law through their decade-long delays in ruling on certain commercial disputes between Texaco Petroleum and the Ecuadorian government. A court in the Netherlands has upheld the award and Ecuador has filed a second appeal.
News For CVX From The Last 14 Days
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June 25, 2015
13:08 EDTCVXPenn Virginia higher after blog speculates on another deal
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12:07 EDTCVXBP said to make $8/share bid for Penn Virginia, Proactive Investors blog says
BP (BP) has made a $8 per share takeover bid for Penn Virginia (PVA), but the latter rejected the bid and is "holding out" for at least $10 per share, UK investor blog Proactive Investors claimed, citing people familiar with the matter. ExxonMobil (XOM) and Chevron (CVX) may also be interested in buying Penn Virginia, according to Proactive, which identifies itself as a "leading multi-media news organisation, investor portal and events management business." Penn Virginia shares are up 7% in midday trading following the report from the blog, which was previously credited for a report on alleged takeover advances made toward drugmaker Receptos (RCPT). Reference Link
09:34 EDTCVXActive equity options trading on open
Active equity options trading on open: AAPL FB NFLX AMZN BAC CVX TWTR INTC GILD BBBY
June 24, 2015
07:19 EDTCVXU.K. panel to decide on first fracking in area since 2011, WSJ reports
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June 19, 2015
09:27 EDTCVXPacific Drilling tender canceled by Chevron, says Raymond James
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June 18, 2015
06:22 EDTCVXPetrovietnam says acquires Chevron's Vietnam assets
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June 17, 2015
10:00 EDTCVXOn The Fly: Analyst Upgrade Summary
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05:24 EDTCVXChevron upgraded to Buy from Hold at Societe Generale
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June 16, 2015
14:34 EDTCVXChevron upgraded to Buy from Hold at Societe Generale
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