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Halliburton, hedge funds and Chevron: Big winners from Trump's vow to 'rule' Venezuela
https://www.middleeasteye.net/news/halliburton-hedge-funds-and-chevron-big-warners-trumps-vow-rule-venezuela(www.middleeasteye.net)US energy companies and several hedge funds experienced a significant stock rally following a US attack on Venezuela and the abduction of President Nicolas Maduro. Firms like Chevron, ConocoPhillips, and Halliburton saw their share prices surge on investor bets that US multinationals will now exploit Venezuela's vast oil reserves. This action follows years of devastating US sanctions and seeks to reverse the nationalization policies enacted under Hugo Chavez. The gains for American companies stood in stark contrast to their European and Saudi counterparts, which remained largely flat or declined.
0 points•by pollard•9 days ago