Debate surrounds President Trump’s plan to revive Venezuela’s oil production, with skepticism due to past failures. Halliburton and SLB, key players in the sector, set to report earnings. Chevron suggests doubling production despite U.S. sanctions. The potential for revenue surge tied to Venezuela is evident in oil services companies.

The return to Venezuela could be a revenue event for energy giants, with Halliburton excelling in well revival and SLB bringing advanced technology. Both firms have been scarred by Venezuela’s nationalization in the past. Stakes are high with millions owed to companies and a potential revenue surge in 2026.

Energy stocks struggled in 2025, but rallied amid President Trump’s Venezuela narrative. Service providers like Halliburton and SLB outperformed E&P companies. Analysts are bullish on SLB and Halliburton, raising price targets due to Venezuela’s potential. The sector anticipates a global production shift.

Goldman Sachs and Bank of America are optimistic about SLB and Halliburton’s potential in Venezuela. Analysts may raise targets further based on earnings calls this week. The industry is preparing for a potential acceleration in Venezuela’s oil production. Wall Street is closely watching developments in the sector.

Read more at Yahoo Finance: Venezuela oil ramp is wild card for SLB and Halliburton earnings