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Halliburton Shares Surge on Venezuela Oil Rebuild Prospects

Halliburton Shares Surge on Venezuela Oil Rebuild Prospects

Published:
2026-01-05 12:02:02
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BTCCSquare news:

Halliburton (HAL) stock climbed 4.7% to $29.60 in premarket trading Monday as geopolitical developments in Venezuela reignited interest in oilfield services. The rally followed President Trump's announcement that U.S. energy firms WOULD lead reconstruction efforts in Venezuela's oil sector after regime change.

Oil services peers Schlumberger (SLB) and Baker Hughes (BKR) mirrored the gains, rising 4.8% and 3.5% respectively. The sector MOVE contrasts with crude prices, with Brent dipping to $60.26 and WTI at $56.79 despite the Venezuela news.

Market attention now turns to Halliburton's Q4 earnings report on January 21, where analysts will scrutinize capital expenditure guidance through 2026. The Venezuela opportunity could significantly impact long-term equipment demand and service contracts.

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