Lates News

date
10/04/2026
ConocoPhillips (COP.N) announced that the company will dispatch a small assessment team to Venezuela this week to evaluate oil and gas business opportunities. The American oil producer left the South American country in 2007 after its assets were nationalized in Venezuela. The company is owed approximately $12 billion (including interest) as a result of arbitration rulings stemming from the expropriations. ConocoPhillips stated that while it works to recover the debt, it will also assess potential new investment projects in Venezuela.