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Chevron, energy stocks soar after US capture of Nicolás Maduro – but oil prices barely move
New York Post· 2026-01-05 23:07
Chevron and other energy stocks soared Monday morning, though oil prices barely budged, after the US captured Venezuelan dictator Nicolás Maduro and President Trump said American companies would tap into the nation’s rich oil reserves.Shares in Chevron, which is the only major US oil company currently operating in Venezuela, jumped 4.8%.ConocoPhillips and Exxon Mobil – both of which left Venezuela nearly 20 years ago when Maduro’s socialist predecessor, Hugo Chávez, nationalized their assets – also rose 5.3 ...