11:26 AM EDT, 04/10/2026 (MT Newswires) -- (Updates with ConocoPhillips' ( COP ) statement throughout.)

ConocoPhillips ( COP ) has sent a team to Venezuela to evaluate the prospects of oil drilling in the country, the company said in an emailed statement Friday to MT Newswires.

"We sent a small evaluation team to Venezuela during the week of April 6 to better understand the potential for in-country oil and gas opportunities. We will evaluate Venezuela against other international opportunities as part of our disciplined investment framework," the company said.

ConocoPhillips ( COP ) said previously that its assets in Venezuela were expropriated by the country's government back in 2007.

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