Big news in the oil world! Halliburton, one of the top U.S. oil services companies, just said it sees huge chances in Venezuela. They think they can get back to work there very quickly.
This came straight from CEO Jeffrey Miller. He spoke during a call with investors after the company shared its 2025 money results. Halliburton made a profit of about $1.28 billion last year, but that was down a lot from before. Revenue also dropped a bit to around $22 billion.
Miller got excited talking about Venezuela. He said, “I have always believed that oil and gas are the key to Venezuela’s economic recovery.” The company started working there way back in 1938. They left in 2019 because of U.S. sanctions. But they still have some bases and stuff set up in the country.
Now things look different. Miller told everyone his phone keeps ringing with people asking about Halliburton coming back. He feels there are real opportunities right now because other oil companies are already active in Venezuela.
He added that Halliburton knows the place well. Once they sort out the legal rules and make sure payments are safe, they can move fast. “We can mobilize in weeks,” he said. Bringing equipment is easy since they do it all over the world. Miller called it a “tremendous opportunity” and said they are ready to grow big there soon.
This buzz comes after some big changes in Venezuela. Reports mention the capture of former leader Nicolรกs Maduro. There was even a White House meeting with oil companies where the U.S. talked about restarting Venezuela’s energy business and selling its oil again.
U.S. President Donald Trump spoke about it too at the World Economic Forum in Davos. He said the U.S. will share 50 million barrels of oil with Venezuela. He thinks major oil companies will go in and help the country make more money fast โ more in the next six months than in the last 20 years.
Venezuela’s side said they already got $300 million from oil sales after a new deal worth $500 million.
Halliburton is not waiting around. They posted jobs for engineers and technicians in Venezuela just days ago. That shows they are getting serious.
For 2026, Miller said Latin America will be a strong spot for growth. He pointed to Brazil’s deep-water oil, plus Argentina, Ecuador, and Guyana. Venezuela could join that list if things line up.
This could mean more jobs, more oil production, and big changes for Venezuela’s economy. After years of sanctions and tough times, oil services giants like Halliburton coming back fast would be a game-changer.
Everyone in the energy world is watching closely. Halliburton’s stock even jumped after the comments. If they move quick, it might open the door for others too.