ExxonMobil (NYSE:XOM) shares are trading higher by almost 2% on Monday as traders react to Venezuela investment headlines, even with S&P 500 futures down 0.4%.

• ExxonMobil Holdings stock is gaining positive traction. Why is XOM stock advancing?

Trump Allows Investment in Venezuela

President Donald Trump recently disclosed an agreement allowing U.S. companies to participate in developing Venezuela’s oil resources.

U.S. companies are expected to invest more than $100 billion in Venezuela.