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Actionable news in CVX: CHEVRON CORPORATION,

Oil company to spend $20M in safety upgrades in wake of fire

RICHMOND, Calif. (AP) -- Chevron Corp. and state regulators have reached a settlement related to a 2012 fire at its Richmond refinery that will require the company to spend about $20 million on safety improvements, officials announced Monday.

The agreement requires Chevron to replace all carbon steel piping that transports corrosive liquids with chrome-alloy piping, which is better at resisting corrosion. Chevron will also have to implement procedures to monitor equipment that alerts...


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