The international arbitration panel in the case of Chevron v. the State of Ecuador determined on November 17, 2025 that Ecuador should pay the company $220 million. The Office of the Attorney General of Ecuador (PGE) made this information public 21 days later.
It is difficult to understand why the Ecuadorian government, or rather the current administration, is celebrating this defeat. According to the PGE, Ecuador “saved” $3.13 billion because Chevron had originally demanded $3.35 billion, and will now “only” receive $220 million.
