Chevron stock and other oil companies were soaring early Monday even as crude prices were only up around 1% following the surprise U.S. operation to capture Venezuelan President Nicolás Maduro.

The second-largest U.S. oil company, which kept pumping oil in the country after others left, could find it relatively easy to expand its operations if the political conditions there improve.

President Trump said on Saturday during a press conference the U.S. will run Venezuela and take control of its oil production.

Chevron, the last oil major still operating in Venezuela, surges following the U.S. capture of President Nicolás Maduro.

Chevron Corporation is upgraded to Buy, driven by its unique first-mover advantage in Venezuela’s oil sector. Click here to read an analysis of CVX stock now.

President Donald Trump has called for billions of dollars in investment in the country following the capture of Nicolas Maduro.

The oil market was jumpy on Monday after US forces captured the leader of oil-rich Venezuela, sparking speculation on the implications for future crude supplies.But then oil recovered again as investors realised that Venezuela is in no position to make a meaningful impact on oil supply in the short run,

Whatever you call President Trump's stunning military intervention in Venezuela this weekend, one company with deep California ties stands to benefit — Chevron. That's because Venezuela has the largest proven oil reserves on the planet and Chevron — the international petroleum conglomerate with a massive refinery in El Segundo and headquartered,