Conoco Could Reach Deal With Venezuela This Year

ConocoPhillips could reach a settlement with Venezuela over its nationalized assets some time this year, Chief Executive Jim Mulva said Wednesday, adding that the oil giant has a normal business relationship with the South American country. 'We continue to have routine meetings where we negotiate the issues,' Mulva told Dow Jones Newswires on the sidelines of the company's annual analyst meeting. 'We hope we can reach an amicable settlement sometime this year.'