Exxon Faces New Pressure Over Dealings with Russia's Rosneft

Exxon holds a 30% stake, alongside Rosneft and two other NOCs in Island oil and gas fields in Russia’s Far East.

Gary McWilliams, Reuters

Exxon Mobil likely will face new pressure to severe ties with Russia's largest oil producer, said analysts, after rival BP agreed to unload a Rosneft stake.

Russia's attack on Ukraine has unleashed broad economic and political rebukes and corporate withdrawals by banks, technology and other firms unprecedented in their extent. BP on Sunday said it would take a $25 billion writedown to abandon its Rosneft holdings. 

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