Oil and defense stocks react to Venezuela news: Chevron, Exxon Mobil, Palantir, Lockheed, Halliburton, more
Yahoo Finance·2026-01-05 12:53

Group 1: Market Reactions to U.S. Intervention - The immediate market reaction to the U.S. military intervention in Venezuela has been significant, particularly among oil and energy stocks [1][2] - Chevron Corporation, being the largest American energy company in the region, is expected to benefit the most from the intervention, with its stock rising by 7.3% [3][7] - Other oil companies such as Exxon Mobil and ConocoPhillips also saw stock increases of 4.5% and 7.3% respectively, while Halliburton Company experienced a rise of 10.3% [7] Group 2: Impact on Foreign Oil Companies - Two prominent foreign oil companies, Shell and BP, saw slight declines of 0.7% in premarket trading, indicating investor skepticism about their ability to profit from the U.S. intervention [5] - The market sentiment suggests that investors believe the U.S. may prioritize American companies over foreign ones in the Venezuelan oil sector [5] Group 3: Defense Stocks Caution - Investors are showing caution regarding defense stocks, as the military intervention indicates a potential shift towards a more expansionist U.S. foreign policy under Trump's administration [6]