The share prices of U.S. oil companies surged following the Trump administration’s attack on Venezuela and abduction of its president, Nicolás Maduro. In public statements, Trump has been clear about his desire to reassert U.S. corporate control over Venezuela’s nationalized oil industry. Now with Trump’s show of force over Venezuela’s political sovereignty, many investors see the potential for a similar overpowering of the socialist country’s economic independence. However, notes financial reporter David Uberti, it won’t be so easy for Wall Street to make a profit. In addition to upgrading Venezuela’s “decrepit” oil-producing infrastructure, “they have to push for more appetite for oil around the world.”
This content originally appeared on Democracy Now! and was authored by Democracy Now!.
Democracy Now! | Radio Free (2026-01-06T13:45:03+00:00) Chevron Stocks Surge After Trump Vows to “Take Back” Venezuela’s Oil After U.S. Attack. Retrieved from https://www.radiofree.org/2026/01/06/chevron-stocks-surge-after-trump-vows-to-take-back-venezuelas-oil-after-u-s-attack/
Please log in to upload a file.
There are no updates yet.
Click the Upload button above to add an update.