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COP Jan 2025 97.500 call

OPR - OPR Delayed price. Currency in USD
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17.450.00 (0.00%)
As of 12:38PM EDT. Market open.
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    Why the Market Dipped But ConocoPhillips (COP) Gained Today

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  • Reuters

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    (Reuters) -Trinidad and Tobago's High Court reaffirmed on Thursday a decision recognizing U.S. oil producer ConocoPhillips' arbitration claim against Venezuela, which could freeze the Caribbean country's payments to its neighbor for joint natural gas projects. In late May, the court's original decision opened the door for ConocoPhillips to enforce in that country a $1.33 billion claim against Venezuela for past expropriations by seizing any compensation from joint energy projects. Venezuela and its state-owned company PDVSA did not respond to the court by a deadline to present their arguments, Judge Frank Seepersad said in his decision seen by Reuters.

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