Crude prices and oil company stocks rise after U.S. raid on Venezuela
Fastcompany·2026-01-05 18:09

President Donald Trump has floated a plan for U.S. oil companies to help rebuild Venezuela's oil industry. Chevron surged 5% and Exxon Mobil rose 2% for some of the strongest gains in the market. After years of neglect and international sanctions, Venezuela's oil industry is in disrepair. It could take years and major investments before production can increase dramatically. But some analysts expect its current output of about 1.1 million barrels a day could double or triple fairly quickly. Stocks rose in mo ...