Tag: ConocoPhillips
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US ConocoPhillips profits exceed $ 18 billion in 2022
US company ConocoPhillips posted record profits in 2022 of $18.7 billion, or $14.57 per share, benefiting from higher prices in the wake of Russia’s invasion of Ukraine. Last year’s profits compare to $8.1 billion, or $6.07 per share, the company achieved in 2021, according to a press release seen by the specialized energy platform. The…
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US ConocoPhillips is trying to recover its debt to Venezuela with an oil sale deal
The US company ConocoPhillips is seeking to settle the Venezuelan oil sale agreement in its favor, in an attempt to recover its dues from the South American country. The agreement, if completed, allows the American company to take over the task of transporting Venezuelan crude and selling it in the United States, according to what…
