Halliburton (HAL) Stock Climbs 5% Pre-Market on Venezuela Oil Rebuild Plans

TLDR

• Halliburton stock jumped 4.7% in premarket trading to $29.60 on Monday following Venezuela oil infrastructure developments
• President Trump stated U.S. oil companies would spend billions rebuilding Venezuela’s oil sector after regime change
• Oilfield services peers SLB and Baker Hughes also gained 4.8% and 3.5% respectively on the same news
• Oil prices dropped despite the Venezuela news, with Brent at $60.26 and WTI at $56.79 per barrel
• Halliburton reports Q4 earnings on January 21, when investors will watch for 2026 guidance and spending signals

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Halliburton shares rose 4.7% to $29.60 in premarket trading Monday. The move came after weekend news about Venezuela’s oil industry put drilling demand back in the spotlight.

Halliburton Company, HAL

President Trump said Saturday that major U.S. oil companies would enter Venezuela and spend billions fixing oil infrastructure. This followed the removal of Nicolás Maduro by U.S. forces, according to Reuters.

The Venezuela angle matters because restarting oil production there would need oilfield services. That means rigs, crews, and equipment to drill and complete wells. Halliburton is one of the biggest suppliers of those services.

Right now crude prices sit near $60 per barrel. Investors are watching how oil producers set their 2026 budgets. International work is seen as a cushion when U.S. drilling activity slows down.

Chevron is currently the only U.S. major operating in Venezuela. Halliburton, SLB, Baker Hughes and Weatherford did not respond to requests for comment on the developments.

Sector Rally Lifts Competitors

Other oilfield services stocks moved higher in premarket trading too. SLB gained 4.8% while Baker Hughes added 3.5%. Oil majors Chevron and Exxon Mobil also rose in early trading.

Oil prices themselves went the other way. Brent crude fell 0.8% to $60.26 per barrel. U.S. WTI dropped 0.9% to $56.79. Supply levels and policy expectations outweighed any disruption concerns.

OPEC+ kept production levels unchanged Sunday. RBC Capital’s Helima Croft noted that “all bets are off in a chaotic change of power scenario like what occurred in Libya or Iraq.”

What Venezuela Means for Halliburton

For Halliburton the Venezuela story is less about quick revenue. It’s more about seeing a new pipeline of projects that would need drilling and well services down the road.

Traders will watch for real steps on licensing and sanctions. They’ll look for contract frameworks that show whether work can move from headlines to actual contracts.

The stock finished Friday’s session up 4.74% at $29.60. That capped a strong week for oilfield services stocks as investors rotated into energy risk.

A recent Simply Wall St report highlighted insider holdings from Halliburton’s Eastern Hemisphere president. Analysts said these moves plus sector strength are changing the risk-reward picture heading into earnings.

Halliburton reports quarterly earnings on January 21. Investors will focus on guidance and pricing signals for 2026. Commentary on North American completion demand and international markets will be key.

The upside case depends on policy and execution though. If the U.S. keeps sanctions tight or legal terms stay unclear, Venezuela might stay a distant possibility. Lower oil prices still weigh on what producers can spend.

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