The capture and extradition of Venezuelan President Nicolas Maduro has caused crude oil prices to spike, drawing attention to the energy sector. Venezuela produces a million barrels of oil a day and holds the largest oil reserves globally, representing nearly 20% of the global oil supply with an estimated $300 billion barrels.

Chevron (CVX) is a top pick among big oil stocks, as the Trump administration aims to oversee Venezuela temporarily and revamp its energy infrastructure. Chevron is the only major U.S. company with authorized operations in Venezuela, maintaining joint ventures and a strong relationship with PDVSA, Venezuela’s state-owned oil company.

Chevron’s potential role in rebuilding Venezuela’s oil industry could lead to increased production, exports, and debt recovery from PDVSA. This opportunity to supply U.S. refineries with heavy crude oil, suitable for Chevron’s operations, could boost margins amidst a projected decline in annual earnings for the company.

Halliburton (HAL) and Valero Energy (VLO) are also poised for growth with a potential surge in oil-field services demand and resumed shipments of Venezuelan crude. Halliburton’s advanced fracturing process and Valero’s refinery capabilities make them valuable partners for Chevron in the Venezuelan oil industry revival.

SLB Limited (SLB) and ConocoPhillips (COP) are other key players preparing for a return to Venezuela’s oilfields, with SLB Limited already in partnership with Chevron. Despite SLB Limited’s Zacks Rank #4 (Sell), both companies stand to benefit from potential oil industry developments in Venezuela, as indicated by recent stock price increases.

Read more at Nasdaq: Chevron Highlights Stocks to Consider if Venezuela’s Oil Industry is Revived