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ConocoPhillips has requested a U.S. court to delay a decision on overlaps in awards related to past expropriations by Venezuela until the proceeds from an auction of shares in a Citgo Petroleum parent are determined. The company is pursuing three claims totaling more than $11.5 billion for Venezuela's expropriation of oil properties. This request comes amidst ongoing legal battles involving major oil companies like BP and Exxon Mobil in various court cases.
ConocoPhillips ask court to defer ruling on awards overlap until auction held #oott https://t.co/8DgdIzipaT
The government asked a Texas federal judge to wave away protests by Exxon Mobil to keep its documents sealed in a case over $1.8 billion in contested tax benefits for a joint venture with Qatar. https://t.co/mvnOf2YtNw https://t.co/35gUXOaUfY
A federal court judge in Houston ruled Thursday that BP willfully misrepresented details of a pension plan offered to thousands of employees in the late 1980s, resolving an eight-year court battle between the oil giant and a group of workers. https://t.co/I9ThCEfRxx
