08:50 AM EDT, 10/10/2024 (MT Newswires) -- ConocoPhillips ( COP ) received multiple licenses from the US government that will better position the company to recover some or all of the $10 billion owed to it by Venezuela, Bloomberg reported Thursday, citing people familiar with the matter.

The owed debts are tied to the country's seizing and nationalization of ConocoPhillips' ( COP ) assets over a decade ago, the report said.

ConocoPhillips ( COP ) did not immediately reply to a request for comment from MT Newswires.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 111.02, Change: +0.05, Percent Change: +0.05