oil company shares
America launched a large-scale military attack on Venezuela on Saturday morning. US President Donald Trump gave information about this attack on his social media platform Truth Social. Trump also said that Venezuelan President Nicolas Maduro and his wife have been captured and sent out of the country. After the success of this military action, Trump said that America will now use Venezuela’s large oil reserves and sell it to other countries. Since then, discussions have intensified regarding the possible benefits to American oil companies. Let us tell you how its impact could be on American oil companies.
According to Mint report, currently only one big American oil company, Chevron, is working in Venezuela. But now that the US government has increased control over Venezuela’s oil reserves, more new companies present there are expected to get new projects. For this reason, it is believed that when Wall Street opens on Monday, the American stock market will react keeping these news in mind.
Will oil companies benefit?
Talking on this issue, Sandeep Pandey, co-founder of Basava Capital, said that many American oil companies can benefit from the attack on Venezuela by America. Especially Chevron, because it is the only American oil company working in Venezuela and about 25% of the total oil reserves there are extracted through it. Therefore, it is believed that Chevron’s shares may see a higher rise than other oil companies.
He further said that Exxon Mobil could be the second big company to benefit. Because he also has operations in Venezuela. Apart from this, investors can also keep an eye on the shares of companies like ConocoPhillips, Halliburton and Schlumberger.
Chevron share status
According to Anshul Jain, Research Head, Laxmishree Investment, Chevron shares have risen almost 100% in the last 9 months. After this, this stock has remained in a limited range ($128 to $167) for the last four years. This situation indicates a strong bullish trend on the stock chart. If the share price goes above the level of $165168, a new uptrend may start. The current global situation may further support this rise.
us venezuela confrontation
On January 3, 2026, the US arrested the Venezuelan President and took him to America, where he will be tried on serious charges related to drugs and terrorism. President Trump said that American oil companies will invest in Venezuela to restart oil facilities and increase production, which will provide more crude oil to America and other countries. Venezuela has the world’s largest oil reserves. It has about 303 billion barrels of oil. The country’s oil production was about 9 lakh barrels per day in November 2025, whereas in the year 2010 it used to be about 20 lakh barrels per day.