Bloomberg
US · 2 hrs ago
✦ 78◉ Centre
Exxon, ConocoPhillips Seek Safeguards to Return to Venezuela
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Quality 78/100
Partisan intensity 25/100
ObjectivePartisan
◉ Centre ✓ Fair headline
Exxon Mobil and ConocoPhillips are negotiating conditions for potential re-entry into Venezuela's oil sector, seeking contractual protections and resolution of outstanding financial claims from their previous operations there.
Exxon, ConocoPhillips Seek Safeguards to Return to Venezuela
Exxon Mobil Corp. and ConocoPhillips are pushing for durable contract terms and a way to resolve billions of dollars owed to them as they consider re-entering Venezuela after exiting the country two decades ago.
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