U.S. court orders Venezuela to pay ConocoPhillips $8.7B for asset seizures

Aug. 22, 2022 7:25 PM ETConocoPhillips (COP)By: Carl Surran, SA News Editor44 Comments

Dawn over petroleum pump

Grafissimo/E+ via Getty Images

A U.S. court upheld a World Bank tribunal's $8.75B award to ConocoPhillips (NYSE:COP) over the expropriation of the company's Venezuelan oil assets, granting a default judgment in the case on Friday.

The decision gives ConocoPhillips (

Recommended For You

Comments (44)

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.