{"id":12857422,"date":"2026-02-08T19:57:37","date_gmt":"2026-02-09T00:57:37","guid":{"rendered":"https:\/\/www.philstockworld.com\/?p=12857422"},"modified":"2026-02-11T20:42:00","modified_gmt":"2026-02-12T01:42:00","slug":"conocophillips-ceo-sends-strong-message-on-venezuela-oil-future","status":"publish","type":"post","link":"https:\/\/www.philstockworld.com\/2026\/02\/08\/conocophillips-ceo-sends-strong-message-on-venezuela-oil-future\/","title":{"rendered":"ConocoPhillips CEO sends strong message on Venezuela oil future"},"content":{"rendered":"<h2><a href=\"https:\/\/www.thestreet.com\/investing\/conocophillips-ceo-sends-strong-message-on-venezuela-oil-future?utm_source=flipboard&amp;utm_content=user\/TheStreet\" target=\"_blank\" rel=\"noopener\">ConocoPhillips CEO sends strong message on Venezuela oil future<\/a><\/h2>\n<p><em>The CEO offered a frank take on what it will take for it to drill in Venezuela.<\/em><\/p>\n<p>By\u00a0<a class=\"styles_contributorName__zxJZc\" href=\"https:\/\/www.thestreet.com\/author\/todd-campbell\" aria-label=\"Read more articles from Todd Campbell\">Todd Campbell, The Street\u00a0<\/a><\/p>\n<p data-wp-block-name=\"core\/paragraph\" data-wp-block=\"{&quot;dropCap&quot;:false}\">Energy companies have felt significant pressure over the past year as OPEC production has ramped up, driving\u00a0West Texas Crude prices down to\u00a0<a href=\"https:\/\/fred.stlouisfed.org\/series\/DCOILWTICO\" target=\"_blank\" rel=\"noopener noreferrer\">$62 per barrel<\/a>, below Permian Basin production costs. As a result, many think the next big play will be resource-rich\u00a0Venezuela, which holds world-leading oil reserves of\u00a0<a href=\"https:\/\/www.eia.gov\/international\/analysis\/country\/VEN\" target=\"_blank\" rel=\"noopener noreferrer\">303 billion barrels<\/a>.<\/p>\n<p data-wp-block-name=\"core\/paragraph\" data-wp-block=\"{&quot;dropCap&quot;:false}\">The allure of unlocking that much black gold should have big oil chomping at the bit, yet decades of failed promises mean CEOs are anything but eager to commit the billions of dollars necessary to refurbish Venezuela\u2019s aging infrastructure, including\u00a0ConocoPhillips CEO Ryan Lance.<\/p>\n<p><a href=\"https:\/\/www.thestreet.com\/investing\/conocophillips-ceo-sends-strong-message-on-venezuela-oil-future?utm_source=flipboard&amp;utm_content=user\/TheStreet\" target=\"_blank\" rel=\"noopener\">More here &gt;<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The CEO offered a frank take on what it will take for it to drill in Venezuela. With 30 years of Wall Street experience, Co-Editor-in-Chief Todd \u2026<\/p>\n","protected":false},"author":183,"featured_media":12857424,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[26292,26922,21,1,12,25391],"tags":[524,371],"class_list":{"0":"post-12857422","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-energy","8":"category-market-news","9":"category-available","10":"category-uncategorized","11":"category-phils-favorites","12":"category-members-corner","13":"tag-energy","14":"tag-politics"},"_links":{"self":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12857422","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/users\/183"}],"replies":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/comments?post=12857422"}],"version-history":[{"count":5,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12857422\/revisions"}],"predecessor-version":[{"id":12857892,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/posts\/12857422\/revisions\/12857892"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media\/12857424"}],"wp:attachment":[{"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/media?parent=12857422"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/categories?post=12857422"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.philstockworld.com\/wp-json\/wp\/v2\/tags?post=12857422"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}