If you're looking for the wildest market story of 2026 so far, forget artificial intelligence breakthroughs or Federal Reserve drama. The real action is happening in energy stocks, which have roared back to life following the U.S. military's capture of Venezuelan President Nicolás Maduro.

This is the same oil sector that limped through 2025 as a thoroughly beaten-down corner of the market, weighed down by global supply gluts and the worst annual price declines since the pandemic darkened everyone's doorstep. Now? Energy companies are suddenly the hot ticket, thanks to President Donald Trump's promise to "unlock" Venezuela's oil reserves—which happen to be the largest on the planet.

The Venezuela Factor

Here's where it gets interesting. Some analysts are flashing warning signs that a flood of Venezuelan crude could actually hammer oil prices over the long haul. Goldman Sachs analyst Daan Struyven told CNBC that successfully revitalizing Venezuela's oil sector would create serious downward pressure on prices. Goldman's number crunchers estimate a $4-per-barrel hit to 2030 oil prices if Venezuelan output climbs back to 2 million barrels per day.

But investors aren't exactly sweating those long-term forecasts right now. Instead, they're fixated on the enormous infrastructure rebuilding opportunity and the strategic access that U.S. oil companies are about to gain. It's a classic case of the market prioritizing the immediate opportunity over potential future headwinds.

Who's Winning Monday's Trading Session

The energy sector, which Trump actively courted during his 2024 campaign, posted broad gains in Monday's early action. Companies with historical ties to Venezuela or existing regional operations led the charge, alongside the service giants positioned to tackle the massive rebuilding effort ahead.

Chevron Corp. (CVX) climbed over 6% in early trading, and that makes sense when you consider the company's unique position. Chevron was the only major U.S. firm that managed to maintain continuous operations in Venezuela under the previous regime, giving it pole position for immediate production expansion.

Exxon Mobil Corp. (XOM) and ConocoPhillips (COP) both posted significant gains as traders speculated about the potential return of assets that were expropriated decades ago. That's a long-shot bet with potentially enormous payoffs if it materializes.

Halliburton Co. (HAL) shares moved sharply higher on expectations of securing billions in new service contracts. Venezuela's oil infrastructure—ports, refineries, the whole supply chain—is crumbling after years of underinvestment and mismanagement. Somebody's going to need to fix all that.

Not everyone's celebrating, though. Occidental Petroleum Corp. (OXY) and Shell Plc (SHEL) were both trading in the red despite Trump's broader push toward deregulation and an aggressive U.S.-backed energy security agenda. Markets are funny that way—even when the sector narrative turns positive, individual stock reactions can surprise you.

Marathon Petroleum Corp. (MPC) was up over 5.6% at last check, joining the rally.

The Bigger Picture

What we're watching unfold is a fascinating collision between geopolitics and market opportunism. Energy stocks spent 2025 in the wilderness, but a single dramatic political event has completely reshuffled the deck. Whether this momentum holds depends on how quickly infrastructure can actually be rebuilt and how much Venezuelan crude eventually hits the market. For now, though, investors are betting that the opportunity outweighs the risks—and oil stocks are having their moment in the sun.