Since Venezuelan leader Maduro was ousted last weekend, laying the foundation for energy giant Chevron to expand its business in the oil-producing country, its stock price rose sharply in pre-market trading. Chevron is currently the only major US oil company operating in Venezuela, and the country's relationship with Washington has been in turmoil for many years during the administration of Maduro and his predecessor, Chavez. Analysts at J.P. Morgan Chase pointed out in a report to customers that the relaxation of restrictions on Chevron's operations under the new administration may boost oil production in Venezuela. Before Monday, Chevron's stock price rose 9% to $169.96; shares of ConocoPhillips, another US energy company that may benefit from expanding its Venezuelan business, also rose nearly 9% to $105.02.

Since Venezuelan leader Maduro was ousted last weekend, laying the foundation for energy giant Chevron to expand its business in the oil-producing country, its stock price rose sharply in pre-market trading. Chevron is currently the only major US oil company operating in Venezuela, and the country's relationship with Washington has been in turmoil for many years during the administration of Maduro and his predecessor, Chavez. Analysts at J.P. Morgan Chase pointed out in a report to customers that the relaxation of restrictions on Chevron's operations under the new administration may boost oil production in Venezuela. Before Monday, Chevron's stock price rose 9% to $169.96; shares of ConocoPhillips, another US energy company that may benefit from expanding its Venezuelan business, also rose nearly 9% to $105.02.