ConocoPhillips secures US licences for Venezuela debt recovery [Yahoo! Finance]
ConocoPhillips (COP)
Last conocophillips earnings: 4/30 07:00 am
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conocophillips.com/investor-relations/investor-presentations
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Source: Yahoo! Finance
These are crucial for ConocoPhillips to navigate US sanctions while seeking recompense from Petroleos de Venezuela (PDVSA), the Venezuelan state-owned oil company. As per the report, these measures do not indicate a resumption of ConocoPhillips' operations in Venezuela, as the company has not been active there since its assets were seized under the leadership of the late President Hugo Chavez. A request for comment from the US Treasury Department's Office of Foreign Assets Control did not elicit a response. According to the sources, the licences were granted in recent months, facilitating ConocoPhillips' efforts to secure funds from PDVSA's international accounts. Earlier in the year, a court in Trinidad and Tobago ruled in favour of ConocoPhillips, allowing the enforcement of a $1.33bn (50.01bn bolivars) claim against Venezuela. This judgment permits the seizure of Venezuelan assets from gas projects shared with Trinidad as compensation. In the global context, where PDVS
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News
- ConocoPhillips (COP) Rises As Market Takes a Dip: Key Facts [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips fights to keep priority creditor stake in Citgo auction [Seeking Alpha]Seeking Alpha
- ConocoPhillips: Profits, Dividends, And Strategic Expansion Drive A Bullish Case [Seeking Alpha]Seeking Alpha
- ConocoPhillips (COP) Stock Sinks As Market Gains: Here's Why [Yahoo! Finance]Yahoo! Finance
- ConocoPhillips (NYSE: COP) had its "neutral" rating re-affirmed by analysts at JPMorgan Chase & Co.. They now have a $126.00 price target on the stock, down previously from $139.00.MarketBeat
COP
Earnings
- 8/1/24 - Miss
COP
Sec Filings
- 10/2/24 - Form 4
- 10/2/24 - Form 4
- 9/12/24 - Form SD
- COP's page on the SEC website