ConocoPhillips ask court to defer ruling on awards overlap until auction held-August 2024-www.financetom.com

ConocoPhillips ask court to defer ruling on awards overlap until auction held

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ConocoPhillips ask court to defer ruling on awards overlap until auction held

Mar 29, 2024 4:03 PM

HOUSTON, March 29 (Reuters) - ConocoPhillips ( COP ) on

Friday asked a U.S. court to put off a decision on overlaps

among its awards against Venezuela for past expropriations until

proceeds from an auction of shares in a Citgo Petroleum parent

are known.

Conoco is pursuing three claims totaling more than $11.5

billion in a U.S. District Court in Delaware. Its judgments

include a provision requiring a deduction for partial overlaps

in two of the awards.

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