ConocoPhillips Will Prioritize Recovery Of Venezuela Funds
CEO Ryan Lance said on Thursday in a call with investors that the oil major will focus on recovering money owed under existing legal judgements in Venezuela.
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LampLighter
Joined 2013/04/13Visited 2026/02/06
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More from the article ...
... Lance said that while the company is cooperating with the Trump administration on Venezuela, the oil major's plans in the country have not changed significantly. Lance added that to consider a change, there would need to be a security improvement, a constructive relationship with the local government and people, as well as durability on the policy side. ... ConocoPhillips' focus in Venezuela is on recovering the outstanding balance in the country. ...
Lance added that to consider a change, there would need to be a security improvement, a constructive relationship with the local government and people, as well as durability on the policy side. ...
ConocoPhillips' focus in Venezuela is on recovering the outstanding balance in the country. ...
#1 | Posted by LampLighter at 2026-02-05 09:07 PM | Reply
@#1
So how much does Venezuela owe to ConocoPhillips?
Found this ...
World Bank arm says Venezuela owes nearly $9B to ConocoPhillips (2019) www.houstonchronicle.com
... Venezuela must pay Houston's ConocoPhillips nearly $9 billion for the government's expropriation of the company's oil assets in Venezuela more than a decade ago, an international arbitration panel ruled Friday. ...
#2 | Posted by LampLighter at 2026-02-05 09:10 PM | Reply
@#2
Well, since Pres Trump now proclaims he runs Venezuela, he should be able easily to initiate that payment.
#3 | Posted by LampLighter at 2026-02-05 09:11 PM | Reply
he should be able easily to initiate that payment.
Lewzer never pays with his own money.
#4 | Posted by REDIAL at 2026-02-05 11:12 PM | Reply
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