- U.S. forces captured Venezuelan President Nicholas Maduro over the weekend and transported him to the United States for trial.
- President Donald Trump pledged that major U.S. oil companies would rebuild Venezuela’s oil infrastructure and take control of its energy sector.
- Shares of U.S. oil majors rose Monday, with Exxon Mobil up 2% and Chevron up 4.8% at the open; Exxon gained about 4.6% over the past five days and Chevron over 8%.
- U.S. permission allows Chevron to operate in Venezuela; the company said it is operating uninterrupted and focused on employee safety and asset integrity.
- Three large oil-service firms—Halliburton Co., SLB Ltd, and Baker Hughes Co.—each climbed more than 5%, and precious metals tracking U.S. markets, including Gold and silver, moved higher.
U.S. forces seized Venezuelan President Nicholas Maduro over the weekend and flew him to the United States, where he is now facing criminal charges. The action prompted President Donald Trump to say the U.S. will take charge of Venezuela’s energy sector and have large American oil companies repair the country’s oil infrastructure. Many international actors criticized the intervention, with some calling it a war crime.
Markets reacted quickly at the start of the week. Exxon Mobil shares opened about 2% higher Monday and have risen roughly 4.6% over the past five trading days. Chevron jumped 4.8% at the open and is up more than 8% over the last five days, marking its largest rally since April 2025.
Chevron is currently the only U.S. oil major operating in Venezuela under special U.S. permission. The company said in a statement that “Chevron remains focused on the safety and well-being of our employees, as well as the integrity of our assets.”
In a public comment after the capture, President Donald Trump said “We’re going to have our very large United States oil companies — the biggest anywhere in the world — go in, spend billions of dollars, fix the badly broken infrastructure — the oil infrastructure — and start making money for the country.”
Energy-related service firms also rose, with Halliburton Co., SLB Ltd, and Baker Hughes Co. each climbing more than 5%. Precious metals tracked by U.S. markets, including gold and silver, moved higher following the developments.
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