Chevron's stock surged 8.65% in pre-market trading on Monday, driven by geopolitical developments in Venezuela following the U.S. military's ouster of President Nicolás Maduro. The move has raised expectations of eased sanctions and increased U.S. oil company involvement in Venezuela's energy sector.
As the sole major U.S. company operating in Venezuela, Chevron stands to benefit from renewed investment opportunities and expanded access to the country's vast oil reserves. President Trump's announcement that the U.S. would "run" Venezuela temporarily has further fueled optimism about Chevron's strategic advantage in the region.
Analysts note that while Venezuela's oil production recovery may take years, Chevron's existing infrastructure and partnerships position it favorably to capitalize on any near-term easing of restrictions. The company's pre-market rally reflects investor optimism about its potential to unlock value from Venezuela's resource-rich oil fields.
