Melius Research analysts James West and Sanskriti Reddy noted that U.S. military operations in Venezuela have created a short-term advantage for Chevron and Schlumberger, as both companies have maintained operations in the country despite the sanctions. In pre-market trading on Monday, Schlumberger, currently the largest oil services company in Venezuela, saw its stock rise 7%, while Chevron’s stock rose 6%. Analysts expect that oilfield service companies such as Baker Hughes and Halliburton, as well as U.S. energy giants like ConocoPhillips, ExxonMobil, and Occidental Petroleum, will eventually return to Venezuela. Melius Research emphasized that the current U.S. administration is likely to prioritize the interests of American companies and made it clear: “This is not a repeat of Iraq.”