Shares of U.S. oil and gas major ConocoPhillips ( COP +3.59%) rallied as much as 6.5% on Monday, before settling into a 3.2% gain as of 12:42 p.m. EDT. Conoco, along with other U.S.-based oil and gas producers, oil services companies, and refiners, rallied today in response to the U.S. ousting Venezuelan President Nicolás Maduro last Friday night.

Companies like Exxon Mobil and ConocoPhillips say that Venezuela owes them billions of dollars for confiscating their assets two decades ago.

ConocoPhillips (NYSE:COP) is included among the 10 Best Natural Gas Stocks to Buy Right Now. ConocoPhillips (NYSE:COP) is one of the world’s largest independent E&P companies based on oil and natural gas production and proved reserves.

When the markets reopened on Monday, however, just three oil company stocks seemed to benefit. Here's why these three oil stocks surged after Venezuelan President Maduro's capture and whether they're likely to reap long-term gains. Image source: Getty Images.

ConocoPhillips emerges as a compelling investment amid the expected revival of Venezuela’s oil sector, blending its arbitration leverage, heavy crude expertise, and solid fundamentals for long-term gains.

ConocoPhillips said on Thursday its Chairman and CEO Ryan Lance will attend a White House meeting on Friday and that it was monitoring developments in Venezuela and their "potential implications for global energy supply and stability.

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ConocoPhillips stands to convert a $12B Venezuelan legal claim into near-zero-cost equity stakes in high-producing Orinoco Belt assets. See why COP stock is a Buy.

News of a second gas strike comes amid worries that the federal government’s domestic gas reservation plan may undermine new projects.

Shares of ConocoPhillips have underperformed the broader market over the past year. The independent energy producer's business is highly tied to commodity prices. The best time to buy a company like ConocoPhillips is often when others find it unappealing.

ConocoPhillips (COP) in focus as Venezuela’s regime shifts—see Seeking Alpha Quant Rating, analyst grades, price targets and upside potential.

Houston oil giants Exxon Mobil and ConocoPhillips were among the energy companies pushed out of the country, costing them billions.