ConocoPhillips said Thursday in its third-quarter earnings report it received a $345 million payment from the Venezuelan state oil company PDVSA, and that another payment of $500 million will come later this year. The Houston-based company said it “recognized cash and commodities totaling $345 million in the quarter, with the remainder of the approximately $500 million in initial payments due in the fourth quarter.” “On April 25, 2018, the ICC tribunal awarded ConocoPhillips approximately $2 billion arising out of PDVSA’s failure to uphold its contractual commitments,” the company said in August when the settlement was awarded. Venezuelan former President […]