U.S. Oil Companies Rose After Trump's Statement on Venezuela

Shocking Changes in the Markets

According to the latest market data, shares of American oil company Chevron Corp have recorded an increase of up to 10%, while ConocoPhillips shares have seen a rise of nearly 9%.

Momentum at Exxon Mobil Corp

Shares of another major oil producer, Exxon Mobil Corp, increased by 3.4%. This movement has created significant excitement among investors.

Trump's Strategic Statement

U.S. President Donald Trump announced that following attacks on Venezuela, they would have greater influence over the country's rich oil reserves. Trump stated, "We will deploy U.S. oil companies in Venezuela. They will spend billions of dollars repairing the oil infrastructure and begin generating revenue for the country."