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Stockreport

Chevron Hit With $1 Million Penalty Over Invalid Clean Fuel Credits [Yahoo! Finance]

Chevron Corporation (CVX)  More Company Research Source: Yahoo! Finance
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
On Wednesday, Chevron Corp. agreed to a settlement with the U.S. Department of Justice (DOJ) to resolve alleged violations tied to renewable fuel credits under the Clean Air Act's Renewable Fuel Standard program. Regulatory Settlement Impact Chevron agreed to pay a civil penalty of just over $1 million. To remediate the violation, it retired over 2 million renewable fuel credits valued at about $3.6 million. The DOJ said Chevron disclosed in June 2023 that from January 2022 through August 2022, it had invalidly generated over 2.2 million advanced biofuel production credits (Renewable Identification Numbers, or RINs). Don't Miss: Bad Ads Live Forever — See How This AI Helps Fortune 1000 Brands Avoid Them This Energy Storage Company Already Has $185M in Contracts—Shares Are Still Available These credits were on renewable diesel that had previously been used for RIN generation and sold to third parties. The DOJ framed the settlement as protecting the integrity of the RFS [Read more]
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Stockreport

Chevron Hit With $1 Million Penalty Over Invalid Clean Fuel Credits [Yahoo! Finance]

Chevron Corporation  (CVX) 
More Company Research Source: Yahoo! Finance
Last chevron corporation earnings: 5/1 06:45 am Check Earnings Report
US:NYSE Investor Relations: chevron.com/investors
On Wednesday, Chevron Corp. agreed to a settlement with the U.S. Department of Justice (DOJ) to resolve alleged violations tied to renewable fuel credits under the Clean Air Act's Renewable Fuel Standard program. Regulatory Settlement Impact Chevron agreed to pay a civil penalty of just over $1 million. To remediate the violation, it retired over 2 million renewable fuel credits valued at about $3.6 million. The DOJ said Chevron disclosed in June 2023 that from January 2022 through August 2022, it had invalidly generated over 2.2 million advanced biofuel production credits (Renewable Identification Numbers, or RINs). Don't Miss: Bad Ads Live Forever — See How This AI Helps Fortune 1000 Brands Avoid Them This Energy Storage Company Already Has $185M in Contracts—Shares Are Still Available These credits were on renewable diesel that had previously been used for RIN generation and sold to third parties. The DOJ framed the settlement as protecting the integrity of the RFS [Read more]
IMPACT SNAPSHOT
EVENT TIME:
CVX
Last Price
Price Change
Price Change %
Volume Shares
Max Up
Max Down
Volume Ratio
%
Don't Miss Out On The Next BIG Stock Move
Performance comparison Updated
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
LAST PRICE
VWAP
High:
MAX UP
High:
Low:
MAX DOWN
Low:
%
 POST NEWS RANGE
%
PRICE CHANGE
PRICE CHANGE PERCENTAGE
S&P 500 (SPX)
%
 VOLUME RATIO
%
VOLUME (SHARES)
TICKS
AVG SHARES PER TRADE
EVENT DAY
Event Day Chart will not be displayed beyond 90-day period of the event
PERFORMANCE SINCE EVENT
TIME AND VELOCITY ANALYSIS