it would pull out of a key oil and gas project, Sakhalin-1, and halt any new investments in Russia. The firm did not provide a timeline for its withdrawal from the project, which it operates on behalf of an international consortium.
, adding,"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."it was leaving its joint venture with state-owned Gazprom and ending its involvement in the now-suspended Nord Stream 2 pipeline built to carry natural gas to Western Europe. The move could cost the company roughly $3 billion in assets.
Source: News Formal (newsformal.com)