|Bid||0.00 x 1200|
|Ask||0.00 x 900|
|Day's Range||69.68 - 71.07|
|52 Week Range||42.42 - 73.76|
|PE Ratio (TTM)||18.62|
|Earnings Date||Oct 24, 2018 - Oct 29, 2018|
|Forward Dividend & Yield||1.14 (1.63%)|
|1y Target Est||80.55|
The following are the top stories on the New York Times business pages. Reuters has not verified these stories and does not vouch for their accuracy. - ConocoPhillips said on Monday that Venezuela state ...
The case relates to the nationalization of Conoco assets dating back over a decade in Venezuela. An international court ruled in favour of Conoco in April and ordered PDVSA to pay. The settlement means that Conoco will suspend the legal enforcement, as long as PDVSA makes regular payments, spokesman Daren Beaudo said.
U.S. producer ConocoPhillips and Venezuela's PDVSA have reached a payment agreement over a $2 billion arbitration, the companies said on Monday, suspending a dispute that blocked the state-run company ...
ConocoPhillips will halt further legal actions against the troubled state-run energy giant Petroleós de Venezuela SA over an unpaid $2 billion arbitration award after both sides agreed on a payment plan. The Venezuelan company, known as PdVSA, agreed to make initial payments of about $500 million within 90 days following the closing of the settlement, and make quarterly payments over the next 4½ years in compensation for two oil projects that Venezuela’s leftist government nationalized in 2007, ConocoPhillips said Monday. “This buys Venezuela time,” said Russ Dallen, managing partner at the investment bank Caracas Capital Markets.
In a somewhat desperate move, Venezuela’s PDVSA settled with oil major ConocoPhillips over an outstanding debt issue, giving it some breathing room as the latter started seizing its oil assets
The bull market in U.S. stocks is about to become the longest in history. If stocks don't drop significantly by the close of trading Wednesday, the bull market that began in March 2009 will have lasted nine years, five months and 13 days. CARACAS, Venezuela (AP) -- U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela(asterisk)s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute.
That case was related to the Petrozuata and Hamaca heavy crude oil projects, which ConocoPhillips helped Venezuela develop. The company filed for arbitration in 2014, claiming the government expropriated ConocoPhillips’ investments in their entirety in 2007 without paying compensation.
Houston and Galveston’s port district has officially become a net exporter of crude, according to a report published April 20 by the U.S. Energy Information Administration. Crude exports from the region passed up imports by 15,000 barrels per day back in April, according to the data.
U.S. oil giant ConocoPhillips says it has reached an agreement with Venezuela*s state-owned oil company to recover nearly $2 billion it was awarded as part of a decade-old expropriation dispute. Monday's ...
ConocoPhillips said it’ll receive $2 billion in a settlement with Petroleos de Venezuela SA, ending a dispute that’s severely crippled Venezuela’s ability to export the crude oil central to its faltering economy. An international tribunal awarded the amount in April for asset seizures carried out in 2007 by late Venezuelan President Hugo Chavez. Under the agreement announced Monday, state-owned PDVSA will make initial payments of about $500 million within 90 days, with the balance paid quarterly over four and a half years, Conoco said in a statement.
U.S. oil producer ConocoPhillips said on Monday it has settled with Venezuela's state-run oil company, PDVSA, to recover about $2 billion in arbitration payment. The International Chamber of Commerce awarded ...
MARKET PULSE ConocoPhillips (cop) said Monday it has reached a $2 billion settlement with Venezuelan state-owned oil giant PDVSA on an arbritral tribunal convened under the rules of the International Chamber of Commerce.
ConocoPhillips (COP) announced today that it has entered into a settlement agreement with Petróleos de Venezuela, S.A. (PDVSA), the Venezuelan state-owned oil company, to recover approximately $2 billion, the full amount awarded to ConocoPhillips by an arbitral tribunal constituted under the rules of the International Chamber of Commerce (ICC), plus interest through the payment period. PDVSA has agreed to recognize the ICC judgment and make initial payments totaling approximately $500 million within a period of 90 days from the time of signing.
A decade ago, analysts suggested that U.S. oil companies target Venezuela’s Citgo refineries as compensation for Venezuela’s expropriation of their assets, and now, that may finally become a reality
NEW YORK, NY / ACCESSWIRE / August 16, 2018 / U.S. markets retreated on Wednesday as ongoing trade concerns and the currency crisis in Turkey continued to take center stage. The Dow Jones Industrial Average ...
As Venezuela and its state-owned oil firm PDVSA lurch from crisis to crisis, defaulted creditors are jockeying for position to ensure they are among the first to receive cash when payday eventually comes. ...
Indonesia's PT Pertamina will get an extra 225,000 barrels per day (bpd) of crude oil under a government plan requiring all contractors in the country to sell their output to the state energy firm to curb imports and support the rupiah. Indonesia, the biggest oil producer in Southeast Asia, currently produces around 775,000 bpd of crude oil, of which 550,000 bpd already goes to Pertamina including its own oil output. With the new rule, the entire domestic output will go to Pertamina, oil and gas director general Djoko Siswanto told reporters on Wednesday.
Conventional wisdom in oil markets since the 2014 oil market meltdown suggests that shale is by far the most competitive form of oil production, but deepwater drilling is now mounting a serious comeback
Oil prices started the day trading up on news that Saudi Arabia had reduced its production in July, but economic uncertainty driven by Turkey’s currency crisis dragged prices down later in the day