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Chevron Corp. (CVX), the second-largest U.S. energy company, said it won a $96 million judgment against Ecuador in an international arbitration case stemming from a 1990s oil-export dispute with the Latin American nation.
Ecuador overstated domestic crude demand to boost its share of production from the Texaco-operated wells, and then sold the oil on the international market, depriving Texaco of profits, Robertson said. Texaco was acquired by Chevron in 2001.