Reducing Activities: company scaling back some business operations while continuing others
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ExxonMobil
ExxonMobil
ExxonMobil Corporation is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil, and was formed on November 30, 1999, by the merger of Exxon and Mobil.
Reducing Activities: company scaling back some business operations while continuing others
Wait Scaling BackGlob.Revenue, mln.USD
398675
ExxonMobil was (and still is) the largest provider of lubricants and other chemicals to Russia. A couple of interesting observations: first, the overall volume has not descreased after the full-fledged invasion, the second - most of the exports were originated in the United States.
The Company Statement
July 24, 2023
ExxonMobil has started to reduce oil production on the Sakhalin-1 project - Reuters. Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company. Exxon Mobil on Monday, October 17, said it has fully exited Russia, with the energy giant saying that President Vladimir Putin had expropriated its assets in the country and "unilaterally terminated" the company's Sakhalin-1 oil project.
| September 29, 2023 | The government decided to sell Exxon's stake in Sakhalin-1 to a Russian legal entity |
| March 14, 2023 | Why Exxon was condemned on Sakhalin |
| January 31, 2023 | U.S. Major ExxonMobil Faces $220M Tax Claim from Russia |
| January 20, 2023 | Exxon Steers Clear Of Russia-Linked Oil Tankers |
| December 22, 2022 | American Exxon and Shell refuse to hire "Russia-linked" tankers |
| December 04, 2022 | Exxon working with Russia and partners on Sakhalin-1 exit |
| October 17, 2022 | Exxon fully withdraws from Russia after Putin seizes assets |
| August 30, 2022 | Exxon Escalates Dispute With Russia Over Barred Exit From Giant Oil Project |
| August 04, 2022 | Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company |
| May 02, 2022 | ExxonMobil takes a US$3.4-bn hit to exit Russian oil operations, reduces chemicals and lubricants sales too |
| April 28, 2022 | Exxon declares force majeure on Russian Sakhalin-1 operations |
| April 04, 2022 | ExxonMobil has frozen a $4.2 billion LNG project in Russia |
| March 02, 2022 | ExxonMobil pulls out of Sakhalin-1 |
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