Venezuela owes Conoco about $10 billion and Exxon about $2 billion, according to a JPMorgan note published on Monday.
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The debts that Venezuela owes ConocoPhillips
and ExxonMobil
are not an immediate priority for the Trump administration after the overthrow of President Nicolas Maduro, Energy Secretary Chris Wright told CNBC on Wednesday.
“The huge debts that are owed Conoco and Exxon, those are very real and need to be recompensed in the future,” Wright told CNBC’s Brian Sullivan. “But that’s a longer term issue. That’s not a short-term issue.”
President Trump's call for U.S. oil companies to rebuild Venezuela's energy sector after the overthrow of President Nicolas…
U.S. urges oil companies to invest in Venezuela to recover expropriated assets and revive the struggling oil industry.
ExxonMobil CEO Darren Woods in a CNBC interview stood by comments on Venezuela's oil industry that angered President Donald…
Analysts estimate that Venezuela's total external debt, including PDVSA obligations, bilateral loans and arbitration awards stand…
The CEOs of Exxon and Conoco are wary of returning to Venezuela. Chevron is ready to quickly ramp up production.
ExxonMobil's CEO said legal and commercial hurdles make Venezuela's oil \
