ConocoPhillips Eyes Venezuela Re-Entry as Maduro's Capture Creates New Opportunities
ByAinvest
Tuesday, Feb 3, 2026 2:30 pm ET1min read
COP--
ConocoPhillips is considering re-entering Venezuela's oil sector following the capture of former President Nicolas Maduro. The US administration is encouraging American producers to participate, but ConocoPhillips is taking a cautious approach focused on risk and stability. The company has substantial outstanding claims in Venezuela and is assessing what the shift could mean for its position. Investors will watch for measured commentary from management before assuming any material change to COP's investment plans or expectations for asset recoveries linked to Venezuela.
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