SAN RAMON -- Shares of Chevron jumped on Monday after it was disclosed that the energy giant has offered to pay $149 million to settle two civil lawsuits in Brazil.
The litigation was related to an oil spill off Brazil's coast in late 2011.
Final approval of the deal is expected in January.
An estimated 3,700 barrels of crude oil leaked into the Atlantic Ocean because of the incident in the Frade oil field.
San Ramon-based Chevron rose 0.8 percent, or 86 cents a share, and finished at $108.68.
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