Multinational ExxonMobil Halts Billion-Dollar Operations and Cancels New Investments in Russia

Written by Flavia Marinho

Published on 03/03/2022 at 10:24

Updated on 24/03/2022 at 10:41

exxonmobil russian

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ExxonMobil Supports the People of Ukraine and Decides to Halt and Cancel Billion-Dollar Investments Related to Oil and Gas in Russia

Multinational ExxonMobil, the largest oil company in the U.S., announced in a relevant fact to the market on March 1, 2022, that it has decided to stop operations at Sakhalin-1 and will not make new investments in Russia. The move by the American oil company aims to support the people of Ukraine and also ensure the safety of individuals, protect the environment, and maintain the integrity of operations.

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“ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation. We regret Russia’s military action, which violates Ukraine’s territorial integrity and puts its people at risk”.

ExxonMobil expresses deep sorrow for the loss of innocent lives and supports the strong international response. The oil company reports that it is fully complying with all sanctions.

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ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian, and Russian companies. “In response to recent events, we are initiating the process to suspend operations and developing steps to exit the Sakhalin-1 venture”, said the company in the statement.

As the operator of Sakhalin-1, ExxonMobil feels obligated to ensure the safety of individuals, protect the environment, and maintain the integrity of operations. “Our role as an operator goes beyond a capital investment. The process to suspend operations will need to be carefully managed and closely coordinated with co-venturers to ensure it is executed safely. Given the current situation, ExxonMobil will not invest in new developments in Russia”, concludes the note.

ExxonMobil Signs Contracts in Brazil and Calls for 78 Job Openings for High School, Technical, and Higher Education

The oil and gas market in Brazil is bouncing back with full force! Daily, multinational companies in the sector are offering job openings for various areas and education levels. Today, opportunities for those dreaming of working onshore or offshore have been opened by the largest oil company in the U.S. Coincidentally, ExxonMobil has started exploring the exploratory well in block SEAL-M-428, located in the Sergipe-Alagoas Basin, where it partners with oil giants Enauta and Murphy Oil.

Stay alert! With the start of oil exploration in Sergipe, ExxonMobil may need more manpower and offer more job vacancies in the sector!

Remember that Click Oil and Gas is not responsible for the recruitment and selection of the job openings posted below. The open opportunities are the sole responsibility of ExxonMobil.

Check Below for Job Openings From ExxonMobil in Brazil

Application: Those interested in applying for the job openings above, to work for the largest oil company in the U.S., can submit their resumes by clicking on the desired position above and/or directly on the company website HERE.

Multinational ExxonMobil Halts Billion-Dollar Operations and Cancels New Investments in Russia

ExxonMobil Supports the People of Ukraine and Decides to Halt and Cancel Billion-Dollar Investments Related to Oil and Gas in Russia

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Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

ExxonMobil Signs Contracts in Brazil and Calls for 78 Job Openings for High School, Technical, and Higher Education

Check Below for Job Openings From ExxonMobil in Brazil

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Multinational ExxonMobil Halts Billion-Dollar Operations and Cancels New Investments in Russia

ExxonMobil Supports the People of Ukraine and Decides to Halt and Cancel Billion-Dollar Investments Related to Oil and Gas in Russia

Read Also

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Check Below for Job Openings From ExxonMobil in Brazil

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Without bricks, without cement, and without endless construction: the cardboard house that is assembled in modules and can be moved.

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