Exxon and Conoco claims against Venezuela are not an immediate priority, Energy Secretary says
CNBC·2026-01-08 04:26

The debts that Venezuela owes ConocoPhillips and ExxonMobil are not an immediate priority for the Trump administration after the overthrow of President Nicolas Maduro, Energy Secretary Chris Wright told CNBC on Wednesday. "The huge debts that are owed Conoco and Exxon, those are very real and need to be recompensed in the future," Wright said. "But that's a longer term issue. That's not a short-term issue."Conoco and Exxon filed arbitration cases against Venezuela after former President Hugo Chavez national ...