Chevron Corp CVX:NYSE

Last Price$115.58NYSE Previous Close - Last Trade as of 6:30PM ET 1/17/20
NYSE 15-minute delayed Bid/Ask Quotes
Today's Change0(0.00%)
Bid (Size)$115.42 (15)
Ask (Size)$115.79 (10)
Day Low / HighN/A - N/A
Volume7.9 M

Chevron Ordered to Stop Oil Spill in Kern County, California

2:55PM ET 7/15/2019 MT Newswires
The state of California has issued Chevron (CVX) a notice of violation over the massive oil spill that dumped about 800,000 gallons of crude oil and water into a Kern County canyon, ordering the company to take further action to stop the flow, the Associated Press reported on Monday.

The state's Division of Oil, Gas and Geothermal Resources ordered Chevron to stop steam injections to extract underground crude oil in the Cymric Oil Field, where the seep has been happening on and off since May.

No new fluid has come to the surface since Tuesday, according to Chevron, and that 90% of the released material has been recovered. The company also said that the spill is not near any waterway and has not significantly affected wildlife.

Chevron may appeal the order, but if it remains in effect and the company does not comply, it may face fines and more enforcement action that may include regulators rejecting applications for future oil well operations.

Price: 125.46, Change: -0.52, Percent Change: -0.41