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Index/Topics/ConocoPhillips and ExxonMobil vs Venezuela

ConocoPhillips and ExxonMobil vs Venezuela

ConocoPhillips and ExxonMobil have pursued a multi-jurisdictional enforcement campaign against Venezuela since 2019.

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3 results
Jan 14, 2026

What is the current status of enforcement or annulment proceedings in the ConocoPhillips and ExxonMobil arbitrations?

ConocoPhillips’ long‑running ICSID and ICC victories have largely survived Venezuela’s legal challenges and are in the process of being recognised and enforced in multiple jurisdictions, while ExxonMo...

Jan 9, 2026

Which international arbitration cases have ConocoPhillips and ExxonMobil won against Venezuela and what sums were awarded?

ConocoPhillips secured a multi-billion‑dollar victory against Venezuela in two international forums: an ICSID tribunal awarded roughly $8.7 billion (often reported as $8.5–8.7 billion) for unlawful ex...

Jan 6, 2026

What enforcement actions have ConocoPhillips and ExxonMobil taken to collect ICSID and ICC awards against Venezuela since 2019?

ConocoPhillips and ExxonMobil have pursued a multi‑jurisdictional enforcement campaign since 2019 that combines court recognition of ICSID/ICC awards, domestic enforcement petitions, attachment and re...

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