logo
welcome
Yahoo Finance

Yahoo Finance

Exclusive-Conoco emerges as surprise bidder in historic Citgo share auction

Yahoo Finance
Summary
Nutrition label

79% Informative

U.S. court auction weighing fate of Venezuela -owned oil refiner Citgo Petroleum has received bids using claims in lieu of cash.

Oil producer ConocoPhillips , the largest creditor in the case, submitted a credit bid using its claims.

Credit bids raise the prospect of insufficient cash to settle a total of $21 billion in claims accepted by the court.

VR Score

90

Informative language

95

Neutral language

64

Article tone

formal

Language

English

Language complexity

54

Offensive language

not offensive

Hate speech

not hateful

Attention-grabbing headline

not detected

Known propaganda techniques

not detected

Time-value

short-lived

External references

no external sources

Source diversity

no sources

Affiliate links

no affiliate links