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 Trump told reporters Sunday night that he was "inclined" to deny ExxonMobil any role in rebuilding Venezuela's moribund oil industry after its CEO told him point-blank Friday that the South American country was "uninvestible" despite the recent capture of President Nicolas Maduro.

ExxonMobil faces rising tensions with Trump over Venezuela as political risks, legal uncertainty and volatile oil markets shape the outlook for U.S. energy investment.

President Donald Trump says 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.

Exxon, ConocoPhillips (COP.N) and Chevron were for decades the most prominent partners of state company PDVSA, contributing to developing output at the vast Orinoco Belt, which is now the country's main oil region.