ExxonMobil to halt operations at Sakhalin-1 and make no new investments in Russia

ExxonMobil:

• “We deplore Russia’s military action that violates the territorial integrity of Ukraine and endangers its people.”

ExxonMobil has a 30% interest in the Sakhalin 1 oil and gas project. It operates via its Russian subsidiary Exxon Neftegaz.

• Exxon Neftegaz is developing three oil and gas fields off Sakhalin