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Stock Market & Financial Investment News

News Breaks
December 23, 2012
12:28 EDTCOPTribunal rules in favor of ConocoPhillips in Ecuador case
ConocoPhillips, wholly owned subsidiary, Burlington Resources,has received a favorable decision in the international arbitration filed against Ecuador. The Tribunal, constituted under the International Centre for the Settlement of Investment Disputes, ICSID, ruled that Ecuador unlawfully expropriated the company’s significant oil investments in Blocks 7 and 21, in violation of the U.S.-Ecuador bilateral investment treaty. The Tribunal also found that Burlington’s investment, expropriated by Ecuador, included the contractual right to be indemnified for the effects of the Windfall Profits Tax. An additional arbitration phase will take place to determine the amount of compensation owed to Burlington for Ecuador’s actions.
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April 11, 2014
12:42 EDTCOPOn The Fly: Analyst Upgrade Summary
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07:49 EDTCOPConocoPhillips upgraded at Morgan Stanley
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07:17 EDTCOPConocoPhillips upgraded to Equal Weight from Underweight at Morgan Stanley

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