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0.000958313368471436 -9.5831336847198E-05 -0.000191662673694396 0.00153330138955435 0.00680402491614752 0.00709151892668898 0.00536655486344023 0.00536655486344023
Stock impact report

ConocoPhillips Weighs Venezuela Opening As Valuation Signals Possible Upside [Yahoo! Finance]

ConocoPhillips (COP) 
Last conocophillips earnings: 4/30 07:00 am Check Earnings Report
Company Research Source: Yahoo! Finance
Former Venezuelan President Nicolas Maduro has been captured, opening a path for Western oil companies to potentially re-enter the country's oil sector. ConocoPhillips (NYSE:COP), which has substantial outstanding claims in Venezuela, is now assessing what this shift could mean for its position. The U.S. administration is encouraging American producers to participate, while ConocoPhillips signals a cautious approach focused on risk and stability. For you as an investor, this puts Venezuela back on the map for ConocoPhillips, a large independent exploration and production company with long running disputes and uncollected debts in the country. The move comes at a time when access to low cost, long life resources is a key theme for major oil producers, and when geopolitical risk is front of mind across the energy sector. How COP chooses to engage in Venezuela may influence views on its international opportunity set and capital deployment priorities. Looking ahead, the central q Show less Read more
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