Overview
- Halliburton rose about 4.7% in premarket trading Monday, with SLB up roughly 4.8% and Baker Hughes gaining around 3.5%.
- The move followed weekend reports on Venezuela and President Trump’s statement that U.S. oil companies would invest billions to repair the country’s oil infrastructure.
- Crude prices moved lower despite the equity gains, with Brent at about $60.26 a barrel and WTI near $56.79 after OPEC+ kept output unchanged.
- Chevron remains the only U.S. major currently operating in Venezuela, and Halliburton, SLB, Baker Hughes, and Weatherford declined to comment.
- Analysts say any new work depends on sanctions relief, licensing and clear contract terms, with investors looking to Halliburton’s Jan. 21 earnings for 2026 guidance.