![PDVSA begins payment trail to ConocoPhillips](https://cdn.energydais.com/media/images/news/485_zJ07eTs.jpg)
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Supermajor, ConocoPhillips’ long-drawn legal battle with Venezuela has finally started to bore fruits. The US oil firm yesterday informed about receiving an initial payment of $345 million, which came in the form of “cash and commodities” from Venezuela’s PDVSA. ConocoPhillips crushed profit expectations for the third quarter, aided by PDVSA’s payment.