Category: ConocoPhillips

Supreme Court Grapples With Louisiana Coastal Lawsuits Against Oil Companies

The justices heard arguments over whether oil companies sued by Louisiana could move the cases from state to federal court, a venue thought to be friendlier to corporate interests.
$100 Billion to Revive Venezuela’s Energy Industry? Oil Executives Are Not So Sure

During a meeting at the White House, the industry leaders appeared wary of making long-term investments in the country.
Trump’s $100 Billion Venezuela Oil Plan Gets a Cool Reception

President Trump met with oil and gas executives on Friday in an effort to push them to invest money in Venezuela, a plan many of them are reluctant to embrace.
Wary of Investing in Venezuela, Big Oil Heads to the White House

The amounts of money, time and political uncertainty trouble executives at large Western oil companies, who plan to meet with President Trump on Friday.
The (Many) Wrinkles in Trump’s Vision for Venezuela

President Trump appears committed to laying claim to Venezuelan oil for a long time. But there are plenty of reasons for U.S. businesses to be wary.
Oil Firms Say Venezuela Owes Them Billions, Complicating Trump’s Plan

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.
Chevron’s Risky Bet to Stay in Venezuela May Now Give It an Advantage

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.
Trump’s Goals for Reviving Venezuela’s Oil Industry Will Not Come Easily or Cheaply

It will take years and billions in investment to revitalize Venezuela’s oil industry, and energy producers will likely be cautious before stepping in.
The Biggest U.S. Oil Companies Are Eliminating Thousands of Jobs

ConocoPhillips of Houston on Wednesday announced plans to reduce its global work force by up to 25 percent.
Oil Companies Are Sued Over Death of Woman in 2021 Heat Wave

Experts said it is the first wrongful death case targeting fossil fuel companies over their role in global warming.
Hope for a Trump Energy Boom Is Marred by Anxiety About Tariffs

Energy executives meeting in Houston expressed concerns about President Trump’s trade and economic policy even as they praised him and his administration.
Top Bidder for Citgo Is Elliott Management, Court Master Says

The sale, which requires a judge’s approval, would help compensate foreign companies owed billions of dollars by the government of Venezuela, which owns Citgo.