Investing.com • Jeffrey Neal Johnson The Caracas Catalyst: Big Oil’s $100 Billion Opportunity
01/07/2026 03:32 AM • Following Venezuela's political transition, energy stocks surged as investors anticipate a $100 billion reconstruction of the country's oil infrastructure. Chevron, Halliburton, and SLB are positioned to benefit from massive capital expenditure projects, with Chevron having a logistical advantage from maintaining operations during sanctions. The article argues the 'Venezuela Discount' risk premium is vanishing with U.S. government backing, making 2026 a defining year for energy sector reconstruction.
CVX - Stock jumped 5.3% on Venezuela transition news. Company maintained ground presence during sanctions, providing logistical advantage. Already exporting oil and can immediately scale operations. Premium P/E ratio of 22.8 justified by growth story and U.S. supermajor stability.