ConocoPhillips Wins $2 Billion Ruling Over Venezuelan Seizure

An arbitration panel sided with the company 11 years after Hugo Chávez expropriated several of its oil projects. Now the problem is trying to collect.

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Brazilian Auction Draws Oil Companies Back to Offshore Drilling

Deepwater projects fell out of favor as oil prices dropped and costs remained prohibitive, but winning bids totaling more than $2.4 billion were hailed as a success in Brazil.

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Exxon Mobil Lends Its Support to a Carbon Tax Proposal

The company is joining other oil companies and corporate giants to endorse a plan from the Climate Leadership Council to tax fossil fuels and pay the dividends to taxpayers.

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