New York, Jan 5, 2026, 20:46 EST — Market closed
Halliburton Co (HAL.N) shares jumped 7.9% on Monday to $31.92, after touching a session high of $33.33. SLB (SLB.N) added 9.0% and Baker Hughes (BKR.O) rose 4.1%, while the VanEck Oil Services ETF gained 5.2%.
The gains followed a sharp move across energy names after U.S. forces captured Venezuelan President Nicolás Maduro, lifting expectations that Washington’s action could open a path for U.S. firms to re-engage with Venezuela’s oil sector. The Trump administration plans to meet with executives from U.S. oil companies later this week to discuss boosting Venezuelan production, according to a source familiar with the matter, even as Trump has said the embargo on Venezuelan oil exports would remain in place for now. Reuters
“Energy stocks are really benefiting from the expectation that President Trump is intending to send them in to do more investment in Venezuela,” said Rob Haworth, senior investment strategist at U.S. Bank Wealth Management. Investors are also watching Friday’s U.S. nonfarm payrolls report for clues on the interest-rate outlook that can shape risk appetite for cyclical sectors such as energy. Reuters
Oil prices also climbed as traders weighed how U.S. actions could alter Venezuelan crude flows. Brent settled up $1.01 at $61.76 a barrel, while U.S. West Texas Intermediate ended up $1 at $58.32. Reuters
Venezuela holds the world’s largest known oil reserves — estimated at about 300 billion barrels — but accounts for roughly 1% of global production after years of sanctions and underinvestment. Any push to rebuild output would likely require drilling, well-completion work and production support, the bread-and-butter services sold by Halliburton and its closest peers. Investopedia
A regulatory filing showed Halliburton Chief Financial Officer Eric Carre acquired 37,548 shares on Jan. 2 under the company’s stock and incentive plan. The Form 4 — an SEC filing that discloses insider transactions — was signed on Jan. 5, and listed the grant-date closing price as $29.60. SEC
But the Venezuela trade is not a straight line. Market participants have warned that rebuilding aging fields, ports and refining capacity would take sustained investment and time, while policy and political uncertainty can keep timelines fluid — and any additional barrels could eventually add to supply concerns. The Guardian
Ahead of Tuesday’s session, traders will watch for follow-through in crude and oil-services names, and for any details on the planned meetings between the administration and oil executives. The group has become tightly linked to headline-driven swings in geopolitical risk and oil prices.
The next company-specific catalyst is Halliburton’s fourth-quarter 2025 results, with the company set to host an earnings conference call on Wednesday, Jan. 21 at 9:00 a.m. ET after issuing a release ahead of the call. nasdaq.com
