ExxonMobil striking out
US sanctions against Russia have hit ExxonMobil harder than most and the supermajor is getting no change out of Washington in its efforts to loosen them
ExxonMobil has failed for a second time with efforts to circumnavigate US sanctions against Moscow and resume an oil venture with Kremlin-controlled oil firm Rosneft. The US energy giant, which has had a continuous business presence in Russia for more than 20 years across upstream, downstream and chemicals operations, will now be reassessing its long-term plans for the country and its alliance with Rosneft, which is led by President Vladimir Putin's energy czar Igor Sechin. ExxonMobil has arguably suffered more from sanctions than other Western counterparts, or even Russian oil producers. Some of the measures, introduced in response to Russian interference in the Ukraine conflict, specifical
Also in this section
5 February 2025
With new capacity, buyers must navigate sanctioned Russian crude, a return to traditional OPEC barrels and diversity of supply
4 February 2025
This premier event is poised to address the evolving technology and investment demands of North America’s thriving chemical and pharmaceutical sectors
4 February 2025
The threat of Trump tariffs and the departure of Trudeau have sharpened the domestic political focus on boosting the oil and gas industry
3 February 2025
Alaska has been engulfed by a lack of consistent policymaking and highlights the challenges financing energy projects in the US
