US EditionWhy These 3 Oil Stocks Surged After Venezuelan President Maduro's Capture
Investor hopes for U.S. oil access in Venezuela boosted Chevron, ExxonMobil, and ConocoPhillips stocks, with Chevron up 5.5%, but analysts warn gains may not last.
5 Articles
5 Articles
America's Century-Long Interest in Venezuelan Oil
This must be about the oil, right? It's a presumption that got lots of airtime this weekend, following the dramatic seizure of Venezuelan President Nicolas Maduro and his wife by US forces. The pair now face drug trafficking and narco-terrorism charges in New York, while observers in both countries are scrambling to interpret the sudden action by President Donald Trump, which followed months of escalating tension between Venezuela and the US.
Why These 3 Oil Stocks Surged After Venezuelan President Maduro's Capture
Key PointsChevron, the only U.S. oil company operating inside Venezuela, saw the biggest gains Monday.ConocoPhillips and ExxonMobil, which have unresolved monetary claims against the Venezuelan government, also climbed.All three stocks had given back most, if not all, of their gains by Tuesday's close.10 stocks we like better than Chevron › The world was stunned over the weekend by the audacious and successful U.S. raid that ousted Venezuelan Pr…
Predicting what will happen in the Venezuelan economy has always been a challenge due to the volatility with which the country has lived for decades. However, Nicolás Maduro’s departure from the presidential chair and the influence that the U.S. now has on Venezuela’s political and economic management realigns prospects in the short, medium and long term.
Wildcatters seek to outstrip larger rivals who still weigh risks of re-entering the country after Maduro's capture
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