Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed

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.

Exit Completed: company sold its business/assets or its part of the business to a local partner and leaved the market

Exited Exit Completed
Revenue(RF), mln.USD
31
Assets(RF), mln.USD
5
Capital(RF), mln.USD
2
Glob.Revenue, mln.USD
398675
Staff(RF), 2021
94
Taxes(RF), mln.USD
3

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 Corporation holds a 25 percent interest in Tengizchevroil, LLP (TCO), which operates the Tengiz and Korolev oil fields in Kazakhstan, and a 16.8 percent working interest in the Kashagan field in Kazakhstan. Oil production from those operations is exported through the Caspian Pipeline Consortium (CPC), in which the Corporation holds a 7.5 percent interest. CPC traverses parts of Kazakhstan and Russia to tanker-loading facilities on the Russian coast of the Black Sea. In the event that Russia takes countermeasures in response to existing sanctions related to its military actions in Ukraine, it is possible that the transportation of Kazakhstan oil through the CPC pipeline could be disrupted, curtailed, temporarily suspended, or otherwise restricted. In such a case, the Corporation could experience a loss of cash flows of uncertain duration from its operations in Kazakhstan. For reference, after-tax earnings related to the Corporation’s interests in Kazakhstan in 2022 were approximately $2.5 billion, and its share of combined oil and gas production was approximately 246 thousand oil-equivalent barrels per day." - Annual Report.

The Company Statement
January 15, 2024

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, 2022 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. 15.01.2024: The legal entity in Russia was liquidated. "The Corporation holds a 25 percent interest in Tengizchevroil, LLP (TCO), which operates the Tengiz and Korolev oil fields in Kazakhstan, and a 16.8 percent working interest in the Kashagan field in Kazakhstan. Oil production from those operations is exported through the Caspian Pipeline Consortium (CPC), in which the Corporation holds a 7.5 percent interest. CPC traverses parts of Kazakhstan and Russia to tanker-loading facilities on the Russian coast of the Black Sea. In the event that Russia takes countermeasures in response to existing sanctions related to its military actions in Ukraine, it is possible that the transportation of Kazakhstan oil through the CPC pipeline could be disrupted, curtailed, temporarily suspended, or otherwise restricted. In such a case, the Corporation could experience a loss of cash flows of uncertain duration from its operations in Kazakhstan. For reference, after-tax earnings related to the Corporation’s interests in Kazakhstan in 2022 were approximately $2.5 billion, and its share of combined oil and gas production was approximately 246 thousand oil-equivalent barrels per day." - Annual Report.

September 29, 2023The government decided to sell Exxon's stake in Sakhalin-1 to a Russian legal entity
July 24, 2023Russian Exports of ExxonMobil into Russia
March 14, 2023Why Exxon was condemned on Sakhalin
January 31, 2023U.S. Major ExxonMobil Faces $220M Tax Claim from Russia
January 31, 2023ANNUAL REPORT of Exxon Mobil Corporation for 2022
January 20, 2023Exxon Steers Clear Of Russia-Linked Oil Tankers
December 22, 2022American Exxon and Shell refuse to hire "Russia-linked" tankers
December 04, 2022Exxon working with Russia and partners on Sakhalin-1 exit
October 17, 2022Exxon fully withdraws from Russia after Putin seizes assets
August 30, 2022Exxon Escalates Dispute With Russia Over Barred Exit From Giant Oil Project
August 04, 2022Exxon Mobil is negotiating to transfer its stake in the Sakhalin-1 project to another company
May 02, 2022ExxonMobil takes a US$3.4-bn hit to exit Russian oil operations, reduces chemicals and lubricants sales too
April 28, 2022Exxon declares force majeure on Russian Sakhalin-1 operations
April 04, 2022ExxonMobil has frozen a $4.2 billion LNG project in Russia
April 04, 2022ExxonMobil suspends Russian Far East LNG project - Interfax
March 02, 2022ExxonMobil pulls out of Sakhalin-1
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