US-Venezuela conflict: Chevron to ExxonMobil — these 5 American oil stocks to benefit

US-Venezuela conflict: In a significant development that stunned the entire world, the US carried out a large-scale military strike against Venezuela on Saturday morning. US President Donald Trump announced the US attack on Venezuela from his social media handle Truth Social. The US President also announced that Venezuelan President Nicolas Maduro and his wife have been captured and flown out of the country. After the successful US military operation, President Donald Trump said the US planned to tap Venezuela's vast oil reserves to sell to other nations, triggering speculations about the benefit the US oil companies would be getting.

According to stock market experts, as of now, there is only one major US oil company, Chevron Corporation Ltd, which is operating in Venezuela. However, after the US government took control of Venezuela's oil reserves, some companies with a presence there are expected to receive new projects and start their business soon. Therefore, the US stock market is expected to discount these triggers when trading activity on Wall Street begins on Monday.

US Attacks Venezuela: Will Oil Stocks Benefit?

Speaking on the benefit for the American oil companies after the escalation of the US-Venezuela conflict, Sandeep Pandey, Co-founder of Basav Capital, said, "The US attacks on Venezuela would benefit a good number of US oil companies, especially Chevron Corporation, as it is the only US oil company which is operating in Venezuela. Additionally, Chevron explores approximately 25% of the total oil reserves in Venezuela. So, Chevron stocks are expected to attract bulls at a higher rate in comparison to other US oil stocks, who may enter Venezuela after the fresh round of US investment in Venezuela."

Asked about the other companies that may benefit after the US-Venezuela conflict, Sandeep Pandey said, "ExxonMobil could be the next big beneficiary as it has operations in Venezuela. So, it may receive a project reward quickly. However, ConocoPhillips, Halliburton, and Schlumberger are other US oil stocks that are expected to attract bulls' attention when the US stock market opens today."

Chevron share price outlook

Speaking on the outlook of Chevron stocks, Anshul Jain, Head of Research at Lakshmishree, said, "After delivering a sharp 99.87% pole move over nine months, the Chevron share price has spent the last 46 months consolidating inside a broad $167 to $128 range, shaping a classic bullish flag on the monthly chart. The structure reflects healthy digestion rather than distribution, with volumes behaving exactly as expected—contracting during the flag and preserving trend integrity. This long compression has rebuilt energy for the next directional leg. The neckline sits near $165, and a high-volume breakout through the $165 to $168 zone would confirm resumption of the primary uptrend. Given the magnitude of the prior pole, risk–reward strongly favours upside continuation. Current geopolitical tailwinds add an external catalyst, increasing the probability of a sustained, momentum-driven breakout phase."

US-Venezuela conflict

The US captured Venezuela's President on 3rd January 2026 and flew him out to face charges, such as Narco-Terrorism Conspiracy, Cocaine Importation Conspiracy, among others, in a US court. The US President Donald Trump announced that the US oil companies will invest an unspecified amount to revive the oil infrastructure in the South American nation and increase its oil output, enabling higher crude flows to the US and other markets. Venezuela, which has the largest oil reserves (303 billion barrels), produced ~0.9 million barrels per day (mbd) in November 2025, compared to 2 mbd in the early 2010s.

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