Top 3 Oil Stocks Worth Watching 2026

Jakarta, Pintu News – Global energy markets have been on the move after the United States stepped up its involvement in Venezuela’s oil industry, which was triggered by a major military operation that led to the arrest of President Nicolás Maduro and an attempt to control the country’s oil reserves. These events triggered a rally in energy stocks such as Chevron and Exxon (XOM), while energy services stocks such as SLB have outperformed in recent days.

Moreover, these geopolitical dynamics also indirectly impact crypto markets, as energy volatility often affects global macro expectations which are then reflected on crypto assets such as Bitcoin and other altcoins in reaction to changes in investor risk appetite in the broad market.

Chevron (CVX)

Chevron is seen as the major player best equipped to capitalize on the potential for major changes in Venezuela’s oil industry. The company is the only major US oil company still operating in Venezuela with a sustained historical presence. This exposure gives Chevron the possibility of early access to production projects if Venezuela’s oil industry revitalization plan materializes.

Chevron’s share price rally also reflects market optimism about its strategic role in Venezuela. According to analysts, if the US administration does allow massive access to Venezuela’s oil reserves for US energy companies, Chevron will directly benefit from production expansion. However, legal challenges and heavy investment in damaged infrastructure remain risk factors that investors need to be aware of.

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Exxon (XOM)

Exxon (XOM) was also in the spotlight after the announcement of the US policy towards Venezuela, despite not having as large operations as Chevron in the country. Exxon shares showed a small correction after the initial rally, but overall recorded an increase of more than 5 percent since the beginning of December. This reflects investors’ hopes for the global oil industry’s recovery prospects, especially if Venezuela remains the focus of the energy market.

Exxon is additionally influenced by fundamental factors such as global energy demand and medium-term oil price expectations. As the market responds to Venezuela geopolitics, Exxon remains attractive as a defensive asset within the broad energy sector. However, investors are advised to pay close attention to supply data, crude oil prices, and international policy developments that may affect the long-term outlook.

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SLB

SLB (formerly known as Schlumberger) recorded significant gains among energy stocks in the past week. With a gain of around 15%, the stock suggests that energy services companies could benefit from the prospect of increased exploration and production activity. Demand for drilling and technical support services typically increases when major oil companies increase their activities, both in Venezuela and other regions.

SLB’s performance reflects market expectations that if Venezuela’s oil industry is truly opened to foreign investment, the need for technical services and infrastructure will increase. Energy services companies like SLB often benefit in the production expansion phase as they provide the necessary equipment and services. However, exposure to oil price cycles and long-term projects remain important considerations.

Conclusion

To conclude, the geopolitical events in Venezuela have triggered market attention on oil stocks that are expected to get the most impact if the situation develops as expected. Chevron, Exxon and SLB have emerged as the top three oil stocks worth monitoring throughout 2026. However, investment decision-making still requires careful risk evaluation and understanding of the global energy market dynamics amid the ongoing political turmoil.

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*Disclaimer

This content aims to enrich readers’ information. Pintu collects this information from various relevant sources and is not influenced by outside parties. Note that an asset’s past performance does not determine its projected future performance. Crypto trading activities have high risk and volatility, always do your own research and use cold cash before investing. All activities of buying and selling bitcoin and other crypto asset investments are the responsibility of the reader.

Reference

• Watcher Guru. Chevron (CVX), Exxon (XOM), SLB: Top Oil Stock to Buy. Accessed on January 10, 2026
• Featured Image: Generated by AI