This preview has intentionally blurred sections. Sign up to view the full version.View Full Document
Unformatted text preview: expropriated assets, Exxon could place a lien on Venezuela’s, U.S. assets or on crude oil shipments that come into the U.S. Exxon Mobile Corporation has taken legal action against the Venezuelan government for due compensation of seized oil-production assets. The Corporation has helped Venezuela in gaining oil production boosting their economy. Although the Venezuelans refuse to give the company compensation for the services provided. As a result Exxon has taken action to obtain compensation which is due to them. In this case I believe Exxon is taking proper action as a company in gaining was is rightfully theirs and have no sympathy for the Venezuelan Government which is trying to take what was provided with them without properly giving back. Campoy, Ana. Gallegos, Raul. (2007, September 14) Exxon is First to Go Legal in Venezuela Dispute. The Wall Street Journal pp. B9...
View Full Document
This note was uploaded on 11/15/2007 for the course BCOR 1010 taught by Professor Latier,jef during the Fall '07 term at Colorado.
- Fall '07