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US tech giant Apple said it had stopped sales of iPhones and other products in Russia

VLADIMIR PUTIN''S energy empire may have received the final nail in the coffin after another energy giant, Exxon Mobil, pulled out $4billion which it poured into gas projects over Russia''s "full-scale" Ukraine invasion.

Exxon Mobil plans to cede its stake in a Russian oil development to Kremlin-controlled Rosneft PJSC and other partners as sanctions make it harder to operate in the country. The post Exxon to hand Russian oil project stake to Rosneft, partners appeared first on Energy Voice .

Some of the world''s largest oil companies are pulling back from projects in Russia over its invasion of Ukraine.

Exxon Mobil <> unveils plans to build one of the world''s largest carbon capture and storage project, as well as a new hydrogen production plant, at its Baytown refinery in…

ExxonMobil announced Tuesday that it will be pulling the plug on oil and gas operations in Russia and will not be making any new investments in the country amid the crisis in Ukraine. In a statement, the Texas-headquartered company said it has made the decision to stop operations as a sign of solidarity with the […]

KYIV: Russian forces said they had captured a port on the Black Sea yesterday as Russian and Ukrainian troops battled for another city and Ukraine’s leader said Moscow wanted to “erase” his country. The Russian army said it had taken control of Kherson, as its troops advanced and pounded cities across southern and eastern Ukraine, defying sanctions and international isolation. Russian paratroopers also landed in Kharkiv, Ukraine’s second-biggest city, triggering clashes in the streets, Ukrainian forces said. The emergency services said four people were killed in the city yesterday and there was now “mass shelling and bombing” in the centre. In a video address, Ukrainian President Volodymyr Zelensky said Russian forces wanted to “erase our country, erase us all”. Zelensky said Tuesday’s strike on a television mast in the capital Kyiv demonstrated Russia’s threat to Ukrainian identity. Five people were killed in the attack on the tower at Babi Yar, the site of a Nazi massacre in which over 33,000 people were killed—most of them Jews.

US-based ExxonMobil has announced it will not invest in new developments in Russia following Moscow’s invasion of Ukraine.

ExxonMobil will exit the Sakhalin-1 oil project in Russia, following the example of other Big Oil majors, including BP and Shell, who quit their Russian operations following the Russian invasion of Ukraine and the Western sanctions in response. “ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We deplore Russia’s military action that violates the territorial integrity of Ukraine and endangers its people,” the company said in a news release.“We are…

© Reuters. FILE PHOTO: A logo of the Exxon Mobil Corp is seen at the Rio Oil and Gas Expo and Conference in Rio de Janeiro, Brazil September 24, 2018. REUTERS/Sergio Moraes By Sabrina Valle HOUSTON (Reuters) -Exxon Mobil on Tuesday said it would exit Russia oil and gas operations that it has valued at …

HOUSTON — Exxon Mobil on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment as a result of Moscow’s invasion of Ukraine. The decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in […]

ExxonMobil has made its position known.

Exxon Mobil said it expects to reach as much as $9-billion in annual savings by 2023, $3-billion more than a previous target

More U.S. companies are taking steps to isolate Russia following the country''s invasion of Ukraine.