September 26, 2022

ConocoPhillips ‘not close’ to recouping $2 billion from PDVSA, CEO says

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Reuters From E&P U.S. oil producer ConocoPhillips Co. (NYSE: COP) is far from collecting the full value of a $2 billion arbitration award against Venezuelan state oil company PDVSA , ConocoPhillips’ CEO said May 15. ConocoPhillips has won court orders allowing the company to begin seizing PDVSA assets in efforts to collect on an award […]