Changes in US stocks | Oil stocks surged ahead of market, Chevron (CVX.US) rose nearly 7%

The Zhitong Finance App learned that on Monday, oil stocks surged ahead of the market. Chevron (CVX.US) rose nearly 7%, ConocoPhillips (COP.US) rose 6%, and ExxonMobil (XOM.US) rose nearly 3%. Furthermore, oil and gas equipment and service concepts strengthened at the same time. Schlumberger (SLB.US) and Halliburton (HAL.US) rose by about 8%, and Baker Hughes (BKR.US) rose more than 5%.

According to the news, according to CCTV news reports, Trump confirmed that the US side had captured Venezuelan President Nicolas Maduro through military action and announced that the US will “manage” Venezuela until a “safe” transition is achieved. This has triggered a reassessment of the market's control over the Venezuelan oil industry. Although the direct impact of this geopolitical change on global crude oil supply is limited in the short term, it has brought the possibility of reconstruction to the Venezuelan energy industry, which has been in recession for a long time, and has also caused existing foreign investors to face new opportunities and risks.

As the country's political situation entered a period of turmoil, the focus of market attention quickly turned to who would take over the world's most abundant crude oil resource. Analysts pointed out that if Venezuela can form a government that is pro-American and supports investment in the future, US energy giant Chevron will be in the “best position” with its current market position to expand its control and influence in the country's oil sector.