Chevron Ecuador : Update on Ecuador Litigation

Update on Ecuador Litigation - From the Chevron Website

Chevron continued in 2006 to vigorously defend itself against litigation alleging environmental damage from Texaco Petroleum Company's (Texpet) former operations in Ecuador. Texpet was a minority partner in an oil-producing consortium from 1964 to 1992 with state-owned oil company Petroecuador.

Chevron is challenging the lawsuit on both scientific and legal grounds. At the close of 2006, the court had completed 45 scheduled field inspections.

The overwhelming body of evidence obtained by Chevron's nominated experts show there are no significant oil-related risks to health and the environment in the areas remediated by Texpet.

The Texpet remediation program was approved by the government of Ecuador, which in 1998 granted a full release of claims and liabilities to Texpet and its affiliated companies. As such, Texpet met all of its obligations and performed in accordance with Ecuadorian government requirements.

We continue to keep the public informed about this lawsuit through updates, in both English and Spanish, on our Web site.