Exxon to not make new investments in Russia, exit Sakhalin-1 project-March 2024-www.financetom.com

Exxon to not make new investments in Russia, exit Sakhalin-1 project

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Exxon to not make new investments in Russia, exit Sakhalin-1 project

Oct 22, 2025 11:59 AM

Oct 22 (Reuters) - Exxon Mobil ( XOM ) said on Wednesday

it is working to discontinue operations and taking steps to exit

the Sakhalin-1 oil and gas project.

The U.S. energy major added it will make no new investments

in Russia and will fully comply with all sanctions.

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