Chevron Agrees To $45 Million Settlement

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The Justice Department has announced Chevron Corp. will pay $45.5 million to resolve claims that it underpaid natural gas royalties to the government and Native Americans. Chevron is not admitting wrongdoing.

LINDA WERTHEIMER, host:

NPR's business news starts with a settlement for Native Americans.

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WERTHEIMER: Oil giant Chevron has agreed to pay more than $45 million to resolve claims that it underpaid royalties that were owed to the government and to Native Americans. Chevron is not admitting wrongdoing, but the Justice Department said yesterday that Chevron and companies it now owns systematically underreported the value of natural gas they took from federal and Native American leases. The charges cover a 20-year period ending in 2008.

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