"Corporate Social Responsibility: Lessons Learned from Foreign Oil Companies in Venezuela"
Hello everyone! I'm thrilled to announce the publication of my latest work, "The Good Corporate Citizen: Social Responsibility and Foreign Oil Companies," by the Grupo de Estudios Venezuela-Estados Unidos (GEVEU). This article is an adaptation of the first chapter of my dissertation.
In this publication, I take a deep dive into the transformation of American oil companies, with a specific focus on Jersey Standard's subsidiary, the Creole Petroleum Corporation, during the 1930s and 1940s. What's intriguing is how they transitioned from being indifferent to local concerns to actively engaging in socio-economic projects that benefited both the community and their own employees. I argue that this strategic shift towards wholeheartedly embracing corporate social responsibility played a pivotal role in shielding these companies from the same level of hostile economic nationalism witnessed by their counterparts in other parts of Latin America and the Middle East. This shift by American firms also benefited United States' national security during the Cold War by securing a reliable source of energy from Venezuela.
I believe that this article will serve as a valuable resource for anyone interested in understanding foreign oil companies and the complex interplay of economic nationalism in the Global South throughout the twentieth century. I'd like to extend my heartfelt thanks to the incredible team at GEVEU whose support made this publication possible.
Thank you all for your interest, and I invite you to check out the article!