Why ConocoPhillips Rallied on Monday
Key Points Last Friday's ousting of Venezuelan leader Nicolás Maduro could reopen Venezuela's oil reserves to U.S. companies. ConocoPhillips used to operate in the country before Hugo Chávez, the former Venezuelan leader, seized its assets in 2007 during a nationalization. It's uncertain whether Conoco will return to Venezuela, but it still has billions in outstanding claims against the country. 10 stocks we like better than ConocoPhillips › Shares of U.S. oil and gas major ConocoPhillips (NYSE: ...