{{dayPoint.date | date : 'd MMMM yyyy'}}

{{newsPoint.title}}

{{newsPoint.title+ ' '}}

{{newsPoint.subtitle}}

Key facts about ExxonMobil and its business in Russia

ExxonMobil is the world’s largest private company engaged in oil and gas production and processing

© EPA/JUSTIN LANE

TASS-FACTBOX. On July 20, US Treasury Department has fined US oil and gas corporation ExxonMobil $2 mln. According to the department, the management of the company’s subsidiaries violated the anti-Russian sanctions in May 2014 when they and head of Russian state oil company Rosneft Igor Sechin signed eight documents "related to oil and gas projects in Russia."

Read also

ExxonMobil slapped with $2 mln fine for breach of anti-Russian sanctions

ExxonMobil Corporation was established on November 30, 1999 by the merger of Exxon and Mobil. The history of both companies goes back to US oil monopoly Standard Oil, which was founded in 1870 by John Rockefeller. In 1911, by the order of the US Congress the monopoly was split into seven firms.

Currently, ExxonMobil is the world’s largest private company engaged in oil and gas production and processing. It conducts exploration and production in 39 countries and processing - in 14 countries. The corporation’s main resource bases are located in the US, the Gulf of Mexico, the North Sea and in Western Africa.

Projects in Russia

The corporation began to cooperate with Russia in 1992 when Mobil entered the Caspian Pipeline Consortium (CPC), which was established to supply oil from the Tengiz field (Kazakhstan) to the port of Novorossiisk at the Black Sea. The share of ExxonMobil in CPC is 7.5%.

Since 1995, ExxonMobil has participated in development of oil and gas fields in the offshore zone of the Sakhalin island (Chayvo, Odoptu and Arkutun-Dagi) - Sakhalin-1. ExxonMobil’s subsidiary - Exxon Neftegaz Limited is the project’s operator. The corporation holds 30% in the project. In 2016, the production within that project totaled 49,000 barrels of oil per day and 1.5 mln cubic meters a day.

In August 2011, ExxonMobil and Russian largest oil producer Rosneft signed an agreement on a strategic partnership in the Arctic offshore zone of Russia.

Read also

ExxonMobil disagrees with US Treasury Department’s decision to assess fine

On April 16, 2012, it was specified by a package of documents signed by the president of Rosneft Eduard Khudainatov and ExxonMobil's head Rex Tillerson (currently US Secretary of State) in the presence of Vladimir Putin (then Prime Minister). The companies agreed to set up two joint operators to develop deposits in the Kara and Black Seas. Later, it was supplemented by an agreement on the joint development of hard-to-recover reserves in Western Siberia.

In March 2013, Neftegaz America Shelf, a subsidiary of Rosneft, acquired a 30% stake in the 20 deep-water blocks of ExxonMobil in the Gulf of Mexico for geological exploration. In June 2013, Rosneft and ExxonMobil signed an agreement to set up a liquefied gas plant on Sakhalin (the Far Eastern LNG project).

In May 2014, as part of the St. Petersburg International Economic Forum, ExxonMobil and Rosneft signed several more documents, in particular, to extend the term of the agreement on the Far Eastern LNG project.

In mid-August 2014, Rosneft and ExxonMobil, as part of the joint venture Karmorneftegaz, began drilling the northernmost well in Russia - Universitetskaya - using the West Alpha platform.

In September 2014, the US introduced sectoral sanctions against Russia, implying, in particular, a ban on cooperation with Russian companies in the field of promising deep-sea, Arctic and shale projects. As a result, Rosneft and ExxonMobil were forced to suspend joint drilling and the implementation of all projects under the 2011 agreement. The joint project to develop the offshore zone of the Gulf of Mexico was closed in 2016.

Figures

ExxonMobil's oil production in 2016 totaled 2,365,000 barrels per day (of which the US share was 494,000 barrels, 21%), which is up 0.8% year-on-year. Daily gas production was 286 million cubic meters (the share of the USA is 87 million cubic meters, 30%), which is 3.7% down year-on-year.

Read also

ExxonMobil launches legal challenge to finding it violated US sanctions against Russia

In 2016, ExxonMobil's refining amounted to 4,268,000 barrels per day (a decrease of 3.7%).

The corporation's revenues in 2016 totaled $218.6 bln (a decrease of 16% year-on-year), net profit dropped 2.2 times to $7.84 bln.

As of mid-July 2017, market capitalization was $343 bln. The number of employees is 71,100 people.

Management, owners

In 2017, Darren Woods replaced Rex Tillerson as Chairman of the Board of Directors and Chief Executive Officer of the corporation.

Practically all shares of the corporation are in free float. The largest owners are: Vanguard Group and its investment funds - 12%, Blackrock investment company - 5.9% and State Street Corporation - 5.1%.

Tags

Biden to discuss support to Kiev with EU colleagues before Trump’s inauguration

US National Security Advisor Jake Sullivan said that European support to Ukraine should continue and that should intensify

Most Russians believe survey results — pollster

According to VCIOM Director General Valery Fyodorov, 83% of respondents think public opinion polls are fairly necessary

US-led coalition's aircraft violate Syrian airspace nine times in past day

In a separate development, a total of 3,516 people crossed into Syria from the territory of Lebanon in the reported period

US does not fulfill LNG contracts for Europe worth tens of billions of dollars — Gazprom

In addition, the United States is influencing the global gas market with its verbal interventions regarding the possible withholding of LNG supplies to China, as well as a temporary suspension of the issuance of export licenses, Deputy Head of the Department - Head of the Directorate at Gazprom Kirill Polous said

Clear Zelensky won't be the one to decide about talks with Russia, says Lavrov

"Russian President Putin has repeatedly said that we have never refused to negotiate," the Russian foreign minister reiterated

Israel achieves its goals in conflict with Hamas, time to 'end the war' — Blinken

"Israel, by the standards it set itself, has accomplished the goals that it set for itself," the US Secretary of State noted

Grossi oversteps authority by talking about freeze of Ukraine conflict — Russian MFA

The Russian diplomats also said that IAEA experts will stay at the ZNPP as long as Russia deems their presence there necessary

Pilot lauds thrust, aerodynamics of smooth-flying Su-57 fighter jet

According to Sergey Bogdan, this fighter jet flies smoother than anything out there today

Violence against Kupyansk residents refusing to evacuate reported in Kharkov Region

The press service of the Military-Civil Administration of the Kharkov Region clarified that the Ukrainian militants view such people as traitors, "waiting for the Russians," so they are not entitled to either humanitarian aid or human dignity

No plans for major government reshuffle after parliamentary election — Georgian PM

According to Irakli Kobakhidze, increasing national GDP by some $14.6 bln will be the Georgian Dream - Democratic Georgia ruling party’s goal for the next four years

First S-550 air defense systems enter service in Russia — source

The source described the new system as "an absolutely new and unrivalled mobile system of strategic missile defense"

Su-57 fighter jet shows exceptional performance in Russia’s special op, senior official

A Su-57 multirole fifth-generation fighter jet (NATO codename Felon) was designed to eliminate all air, ground, and water surface targets

Israeli practices ‘consistent with characteristics of genocide’ — UN committee

The document points out that 'civilians have been indiscriminately and disproportionally killed en masse in Gaza'

Presidential election in Abkhazia to be held within legal period — president

The country’s opposition said the election may take place in January 2024

All weapons pledged by Biden to Kiev to be delivered before he leaves office — Pentagon

Department’s Deputy Press Secretary Sabrina Singh expects that for the 'next coming months of this administration'

Ukrainian intel officers in Syria to be eliminated as terrorists’ accomplices — diplomat

According to Alexander Lavrentyev, there are "in fact Russian troops stationed" in Syria

Trump suggests Kennedy Jr. as US secretary of health and human services

He assured that Kennedy Jr. will "end the Chronic Disease epidemic"

Press review: US to maintain aid to Israel while Kiev regime faces challenge to retain it

Top stories from the Russian press on Thursday, November 14th

Ukrainian army's actions in Russia cause 60 bln Rubles in damage — Investigative Committee

Russia’s Investigative Committee Head, Alexander Bastrykin, chaired a meeting of the headquarters in Donetsk to investigate the crimes committed by Ukrainian troops against civilians and Russian servicemen

FSB detains Russian for passing defense industry data to Ukraine's intelligence

According to the FSB, the suspect initiated contact with representatives of the Ukrainian Defense Ministry's Main Intelligence Directorate via the internet

Kamala Harris’s campaign team continues fundraising efforts after election defeat — TV

Republican candidate Donald Trump defeated current US Vice President Kamala Harris, the Democratic Party’s contender, in the November 5 presidential election

Lavrov arrives in UAE to take part in Sir Bani Yas Forum

The forum kicks off on November 15

Kalashnikov concern trains first group of operators for Bars-Sarmat UAV unit

The soldiers studied the hardware, including the drones’ electronics, internal systems and rules of operation

Ukrainian forces shell Energodar in Zaporozhye Region, five hits registered — official

Vladimir Rogov noted that data about injuries is currently being updated, and called on residents to seek shelter

Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 430 troops, ten tanks, two infantry fighting vehicles, 19 armored combat vehicles, 33 motor vehicles, one Anklav-N electronic warfare station

Musk doubles down on his opinion about 'endless war' in Ukraine

Earlier, the entrepreneur opined that the bloodshed in Ukraine would end soon

Israeli strike on southern Lebanese village leaves at least six dead

Four of the victims were rescue workers

Russian troops storm into Kupyansk outskirts in Kharkov Region — military expert

Troops from various Russian army units are engaged in battles in the outskirts of Kupyansk, Andrey Marochko said

Trump’s return to power unlikely to change US approach to Ukraine crisis — Lavrov

Washington will always seek to control everything that is happening within NATO’s orbit, especially on NATO territory, the Russian foreign minister said

Zelensky announces work on new action plan

In terms of weapons, the plan will focus on production in Ukraine and cooperation with partners

Lukashenko tells Putin situation is "starting to get tense with Wagner"

The Belarusian leader noted that they want to go to Warsaw

Most Ukrainian soldiers drafted against their will, from rural areas

According to Miroslav Borisenko, there are "almost no" residents of major cities among the forcibly mobilized, although in 2022 the "social composition was entirely different" in the Ukrainian armed forces

Russian troops secure ground near Novodarovka, Rovnopol in Zaporozhye Region — official

On November 13, the Russian Defense Ministry reported that the Russian Armed Forces had liberated the settlement of Rovnopol in the Donetsk People’s Republic (DPR), located near the administrative border with the Zaporozhye Region

US missile defense site to defend Poland from Russia too — Polish minister

At the same time, the official evaded a direct question of whether the facility is capable of protecting country from missiles

Trump to end NATO’s obsession to get on Russian territory — White House ex-strategist

Steve Bannon noted that Trump’s MAGA (Make America Great Again) movement seeks to completely cut funding to Ukraine. According to Bannon, Europe, including Italy, will follow Trump’s lead, and, if "they [Europe and Italy] truly believe what they have been saying in recent years, they should be ready to pay"

Hezbollah reports attack on Israeli military intelligence base near Tel Aviv

On Wednesday, Hezbollah reported attacks on Israel’s Glilot military base in the Ramat Hasharon

Russian helicopters notable for high reliability — company

Russian helicopters in China are mainly used by the Ministry of Emergency Situations for aviation protection of forests, rescuing in earthquakes and elimination of consequences of natural disasters

Demographic crisis threatens Ukraine’s viability as state — think tank

Ukraine’s "overall population had declined to 29 million people in 2023 - compared to 48.5 million in 2001," Responsible Statecraft writes

Ukrainian losses: situation in Kursk Region

Over the day, the enemy lost more than 450 troops, two tanks, three IFVs, two M113 armored personnel carriers, 33 armored combat vehicles, five artillery pieces, including a Krab self-propelled howitzer, a Crotale multiple rocket launcher, and 49 motor vehicles

Trump to zero in on fragmenting BRICS, Ukraine to take back seat — expert

According to the political scientist Boris Mezhuyev, in all likelihood attempts to replace the presidents of Brazil and Venezuela, and pit India, Russia and China against each other are coming

Russia to collaborate with Arab nations for Middle East de-escalation — diplomat

"A call was made to the international community to contribute to the achievement of this goal," Maria Zakharova added

France wraps up training of new Ukrainian brigade — minister

The brigade is equipped with French weapons

Hamas ready for immediate ceasefire in Gaza, official says

According to Basem Naim, the last "well-defined, brokered deal was the deal of July 2"

Daniil Medvedev loses chances of reaching semifinals at ATP Tour Finals

He lost the first set to Italy’s Jannik Sinner with the 3:6 score

Attempts being made to drag Syria into armed confrontation in Middle East — diplomat

According to Alexander Lavrentyev, the top priority today is to prevent such attempts

Press review: Trump forms foreign policy team and Europe sets course for militarization

Top stories from the Russian press on Wednesday, November 13th

Bank of Russia sells currency worth $42.6 mln in domestic market

The Bank of Russia is buying and selling foreign exchange in the domestic market in the currency section of the Moscow Exchange with the use of the yuan-ruble instrument

Most Russians say special op doesn't bleed into their daily life

While public anxiety remains high, the percentage of Russians who view the situation as catastrophic or as a crisis has noticeably decreased, and the share of citizens who accept the current circumstances as a new normal is rising

Russia to ensure parity in response to US missile defense system in Poland — Kremlin

Dmitry Peskov emphasized that by placing the missile defense system in Poland, the United States is bringing its military infrastructure closer to Russia in an attempt to curb its potential

Kremlin comments on possible return of Japanese, European cars to Russia

No official statements have been received so far from European automakers regarding the return to the Russian market, Dmitry Peskov noted

US oil reserves rise by 2.1 mln barrels over week — Department of Energy

The US Department of Energy said the current level of reserves was 4% below the five-year average for this time of year

Russia, US have many annoyances, it is hard to pick worst one — Kremlin spokesman

Earlier, Russian Prime Minister Mikhail Mishustin met with UN Secretary-General Antonio Guterres in Baku

Musk, Iran’s UN envoy discuss ways to ease tensions between Iran, US — NYT

According to the report, the meeting took place in New York on Monday and lasted for more than an hour

What is known about Sevastopol car blast

Sevastopol Governor Mikhail Razvozhayev did not rule out the possibility that the incident was the result of sabotage

Scholz promises to transfer sixth IRIS-T system to Kiev by yearend

Ukraine and Germany also discussed further defense cooperation

Authorities of southeastern Ukrainian region report ‘infrastructure damage’

In addition, a power transmission line was reportedly damaged in the Dnepropetrovsk Region

Russia supports new UNSC draft resolution on Gaza — envoy

Russian Permanent Representative to the United Nations Vasily Nebenzya noted that Resolution 2735 was only a tool to gain time for Israel

Erdogan praises Russia, China for backing arms embargo on Israel

According to the Turkish leader, Israel "will become more and more aggressive if arms and ammunition supplies continue"

Iran will never try to build nuclear weapons, president tells IAEA chief

Masoud Pezeshkian accused the US of derailing the agreements around Iran's nuclear program

Explosion of Kurakhovo reservoir dam disrupts water supply

Roman Pukalov noted that the blast killed many fish in the reservoir, washed away fertile soil, and inundated potentially hazardous sites, including cemeteries, cattle burial grounds, and fertilizer depots

Russian air defenses down multiple aerial targets over Belgorod, with one injury reported

Vyacheslav Gladkov noted that the windows of 11 apartments in six apartment buildings were damaged in Belgorod

Russia could return to international competition once new IOC chief elected — Tarpishchev

Seven candidates will vie for the IOC presidency at the organization’s 144th session in Greece between March 18 and 21

Putin proclaims Odessa Russian city, challenges Ukraine's historical narrative

At the same time, the president noted that once upon a time "Vladimir Lenin gave away the whole of Ukraine when he created the Soviet Union"

US denies possession of extraterrestrial technologies

According to Sue Gough, the All-domain Anomaly Resolution Office, an office at the US Department of Defense that investigates unidentified anomalous phenomena, "is continuing its review of the historical record of US government UAP programs"

Security Service of Ukraine operated ‘concentration camp’ in Kiev in 2022, lawmaker says

"This concentration camp was organized by SBU Head Ivan Bakanov and his first deputy Vasily Malyuk," Alexander Dubinsky claims

54 countries vote against resolution on combating ne-Nazism

116 countries, including Azerbaijan, Algeria, Armenia, Belarus, Bolivia, Brazil, China, Cuba, Serbia, and Syria, supported the document

Top diplomats from UK, France, Germany to discuss Ukraine’s future

Reuters wrote with reference to anonymous sources that the sides would also discuss what Trump’s return to the Oval Office could mean for the world

Finnish government requests EU sanctions exemption for Russian owners of sports arena

Finland's Foreign Ministry will need to obtain unanimous approval from EU countries

Ukraine's Kurakhovo Reservoir dam blast to help, not hurt Russian troops — expert

At least ten Ukrainian troops were killed

Western efforts to vilify Russia climax, Moscow fights back — MFA

"We are witnessing the culmination of the Anglo-Saxons' systematic efforts to vilify our country, exerted over decades, and maybe even centuries," Maria Zakharova said

One third of Mariupol residents, who fled to Ukraine, already returned

Lack of due support, and accommodation issues, are the reason

Swedish minister in charge of gender equality suffers from bananaphobia

The phobia is so strong that special precautions need to be taken before her meetings

Trump does not rule out he may run in next US presidential election

Trump's participation in the next US election would be against the Constitution

India increases imports of goods from Russia by 8.8% in April — October

Russia has become India's fourth largest trading partner after the US, China and the UAE

Russia inks first deals to deliver Su-57 fifth-generation fighter to foreign customers

Alexander Mikheyev also explained the expectations and effect of the demonstration of Russian military hardware at Airshow China in Zhuhai

Gazprom says EU artificially destroys gas demand to the detriment of its own economy

As for global gas demand, gas consumption in January-October increased by 80 bln cubic meters year-on-year, the company noted

US plans to remove 'arrogant' Zelensky and stage 2025 elections in Ukraine — SVR

"At the initial stage, it is planned to encourage entities within the Ukrainian civil society under their control, through US 'democratization' foundations and think tanks, to come up with a corresponding initiative," the statement reads

Israeli anthem booed before start of football match in Paris

Prior to the event, leftist politicians and activists staged a protest at a square in Paris’ northern suburb of Saint-Denis

Israel shells area near Syrian town of al-Qusayr close to Lebanese border — report

According to preliminary data, the attack targeted one of the local bridges

South Korea to support Ukraine in response to Russia-North Korea alliance — president

As Yoon Suk Yeol said, the reported dispatch of North Korean servicemen to participate in Russia’s special military operation "poses a serious security threat not only to the Korean Peninsula and Europe but also to the entire world"

Russian Marines destroy Challenger 2 tank with FPV drone in Kursk Region

Previously, the Russian Defense Ministry reported that the enemy lost 10 tanks in the Kursk region in the past 24 hours

Bloodshed in Ukraine to end soon, Musk says

The Axios portal reported earlier that Musk took part in a phone call between Trump and Vladimir Zelensky

Baltic Sea will never turn into 'NATO lake' — Russian MFA

Maria Zakharova emphasized that the Baltic Sea "will always be a common space for all of the region’s countries without exception"

Court sentences ‘Russian Volunteer Corps’ members to life in prison in absentia

According to the investigation, the defendants, acting as part of a Ukrainian sabotage group, armed with firearms and explosives, illegally crossed the Russian border and infiltrated two settlements in the Bryansk Region, opening fire at civilian cars and people

Crimean amateur astronomer discovers new comet in solar system

In April, the astronomer said that he had discovered a large asteroid with a diameter of about 200 meters, potentially dangerous for the Earth

Buran space shuttle celebrates 30th anniversary of milestone flight

The first and only launch of Buran space shuttle took place 30 years ago, on November 15th, 1988

Israeli military vows to keep Syrian-made weapons out of Hezbollah’s hands by any means

IDF spokesman Daniel Hagari said that Israeli troops have detected the movement's use of Syrian-produced weapons in its attacks on Israel

Russian forces liberate Voznesenka community in Donbass region over past day

Russia’s Battlegroup South inflicted roughly 655 casualties on Ukrainian troops and destroyed three enemy tanks in its area of responsibility over the past day, the Defense Ministry reported

Talks out of question: situation in Kursk Region

Over the day, Ukraine lost more than 400 servicemen and 29 armored vehicles

Trump to rely on forces that brought him to power — Russian presidential aide

Nikolay Patrushev agreed that Trump, when he was still a candidate, "made many statements critical of the destructive foreign and domestic policies pursued by the current administration"

Putin discussed Ukraine with Saudi crown prince — Kremlin

"The sides indeed touched upon the topic of the conflict. We have nothing more to say," Dmitry Peskov said

Football fans clash during France vs Israel football match in Paris

The match is taking place a week after a Europa League match involving Maccabi Tel Aviv football club wreaked havoc in Amsterdam

Ukraine aims to call up 1 mln people in eastern areas by end of 2024 — official

According to the plan, 360,000 people are to be mobilized in October; 325,000 and 300,000 in November and December, respectively

Two injured in bridge collapse in Crimea

"A car and a truck were on the bridge at the moment of collapse. Russian Emergencies Ministry rescuers retrieved two injured people," the ministry said

People evacuated from Brazil’s Supreme Court after blast nearby — agency

According to Reuters, Brasilia’s military police confirmed that a body was found near the court building

Russia's newest Su-57 fighter jet superior to China's new J-35 — test pilot

Sergey Bogdan emphasized that the newest Russian fighter was a "magnificent platform for a future generation of configurations, just as the Su-27 aircraft in its heyday"

Biden to discuss support to Kiev with EU colleagues before Trump’s inauguration

US National Security Advisor Jake Sullivan said that European support to Ukraine should continue and that should intensify

Trump plans to appoint special envoy on Ukraine to hold peace talks with Russia — TV

According to the source, the job is not expected to be a salaried role

US views Russia as present-day threat, Trump may prioritize containing China — Lavrov

The Russian foreign minister stressed that reputation matters the most to the United States which does not care about the real fates of peoples, in particular the Ukrainian one

European Commission gives ‘positive assessment’ for payment of 4.1 bln euros to Kiev

The commission concluded that Ukraine had satisfactorily fulfilled the nine agreed reform indicators for this payment

Explosion heard in Damascus suburb

The circumstances of the incident are being established at the moment