Chevron, US Oil Stocks Rally as Trump Vows Venezuela Revival (4)

US oil stocks jumped Monday after President Donald Trump pledged to revive the Venezuelan energy sector following the capture of Nicolás Maduro over the weekend.

Chevron Corp., the only American oil major currently operating in the South American nation under special US permission, surged as much as 6.3%, the most since April.

ConocoPhillips and Exxon Mobil Corp. also rose. The three largest oil-service companies — Halliburton Co., SLB Ltd and Baker Hughes Co. — all jumped more than 5%.

Trump said US oil companies will spend billions of dollars to rebuild Venezuela’s crumbling energy infrastructure and restore the ...