Tag: USA OIL GIANT

Amid the Ukraine-Russia war, ExxonMobil becomes the latest oil company to announce its discontinuation in Russia. Before ExxonMobil, British Petroleum (BP) and Shell had declared to end their association with Russia in the wake of its invasion of Ukraine. In the official statement, ExxonMobil said, "ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future." "In response to the recent events, we are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture," the statement added. ExxonMobil And Other Oil Companies In Russia ExxonMobil is working on three oil and gas fields near the eastern Russian island of Sakhalin in partnership with Rosneft, a state-controlled energy company. ExxonMobil...