ExxonMobil: Exits JV’s with Rosneft Over Offshore Sanctions
ExxonMobil said it’s abandoning joint ventures with Russia’s Rosneft PJSC after international sanctions against the nation’s energy sector paralyzed a historic drilling project. ExxonMobil’s decision to quit its biggest exploration region was made late last year as the U.S. expanded sanctions, the company said in a 10-k filing on Wednesday. “The corporation expects …