Tags: xom | cl | avp | f | clx | pep

LIGNET: Exxon Mobil Case Imperils U.S. Companies in Venezuela

Tuesday, 10 Jan 2012 12:47 PM

By Newsmax Wires

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A recent ruling on Venezuela's nationalization of Exxon Mobil (XOM) property and President Hugo Chavez's response suggest an ominous atmosphere for foreign companies in Venezuela in 2012, according to a special report at LIGNET.com.

In particular, Chavez’s anti-U.S. and anti-capitalist bias will create a difficult operating environment in Venezuela for major U.S. companies such as Colgate-Palmolive (CL), Avon (AVP), Ford (F), Clorox (CLX) and PepsiCo (PEP) who clearly have no recourse when faced with such government transgressions as seizure of private property.

This analysis, which includes comments from former U.S. Ambassador to Venezuela Otto Reich, looks at the Exxon Mobil-Venezuela case and its implications for U.S. corporations in Venezuela.

Click HERE to read the full report from our intelligence experts at LIGNET.com.

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