Trump threatens to exclude ExxonMobil from future Venezuela oil deals after CEO calls the country "uninvestable" during White House meeting with other industry executives.

President Donald Trump said Sunday that he is “inclined” to keep ExxonMobil out of Venezuela after its top executive was skeptical about oil investment efforts in the country after the toppling of former President Nicolás Maduro.

Jan 11 (Reuters) - U.S. President Donald Trump said on Sunday that he might block Exxon Mobil (XOM.N) from investing in Venezuela after the oil major's CEO called the country "uninvestable" during a White House meeting last week.

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Residents living in the capital, Caracas, and elsewhere have expressed concerns about safety and the country’s future as its leadership and the level of U.S. involvement remains in flux.

Big Oil companies have injected a heavy dose of realism into U.S. President Donald Trump's plan to rapidly invest billions in Venezuela, pointing to complex security, commercial and legal requirements to revitalize the country’s crumbling oil industry.

After arresting Venezuela's president, Trump and top U.S. officials warned other countries could be the targets of American intervention next.

President Trump has said Venezuela "unilaterally seized and sold American oil." But the history between the countries is far more complicated, experts note.

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Chevron vice-chair Mark Nelson says the company can increase production from its existing operations in Venezuela by 50 per cent in the next 18 to 24 months. “This is taking the momentum of improvements we’ve already made there locally, and building on those and creating more mental momentum for the people of Venezuela,” he said.

The Connecticut senator argued Venezuelan President Nicolás Maduro was an "illegitimate leader," but that "doesn’t mean that it’s good policy to invade" his country.