this post was submitted on 09 Apr 2025
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Chevron Ordered to Pay $744.6 Million for Destroying Louisiana’s Coastal Wetlands (www.ecowatch.com)
submitted 1 week ago by [email protected] to c/[email protected]
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cross-posted from: https://slrpnk.net/post/20533605

Chevron has been ordered to pay $744.6 million to a Louisiana parish government to help restore coastal wetlands the company destroyed.

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[–] [email protected] 3 points 1 week ago

A bargain at twice the price.

"Revenue: US$202.8b (up 4.1% from FY 2023).

Net income: US$17.7b (down 17% from FY 2023).

Profit margin: 8.7% (down from 11% in FY 2023). The decrease in margin was driven by higher expenses. "

Plus they won't even end up paying that much.