Trump's Venezuela Vow Fuels US Oil Stock Rally, Chevron Soars 10%

• US oil stocks, including Chevron, ConocoPhillips, and Exxon Mobil, surged after President Trump pledged to revive Venezuela's energy sector.
• Trump stated US oil companies would invest billions to rebuild Venezuela's crumbling oil infrastructure.
• Chevron, the only US major operating in Venezuela, gained 10% and is best positioned to benefit from increased access to the world's largest crude reserves.
• Venezuela's oil industry revival faces significant challenges, potentially taking years and costing over $100 billion due to past neglect and sanctions.
• Despite US attacks, Venezuela's key oil infrastructure like Jose port and Amuay refinery remained unaffected.

Why It Matters: Trump's promise to revive Venezuela's oil industry sparked a rally in US oil stocks, especially Chevron.