Chevron and TexPet v. Ecuador (I) Chevron Corporation and Texaco Petroleum Company v. The Republic of Ecuador (I) (PCA Case No. 2007-02/AA277)
United States of America
Oil exploration and production rights in Ecuador’s Amazon region through concession contracts concluded with the Government.
Claims arising out of seven breach-of-contract cases filed by Texaco against the Ecuadorian Government in local courts and the alleged egregious delay of all Texaco claims by the Ecuadorian judiciary.
Primary: B - Mining and quarrying
6 - Extraction of crude petroleum and natural gas
PCA (Permanent Court of Arbitration)
Böckstiegel, K.-H.
Brower, C. N.
van den Berg, A. J.
Decided in favour of investor
649.00 mln USD
77.70 mln USD
Fair and equitable treatment/Minimum standard of treatment, including denial of justice claims

Full protection and security, or similar

Arbitrary, unreasonable and/or discriminatory measures

Judicial review by national courts
Judicial review by national courts
Award/decision upheld