CEO: Exxon's Russian Business Unaffected by Ukraine Conflict
DALLAS, May 28(Reuters) - Exxon Mobil Corp's drilling operations in Russia and its partnership with Russian oil company Rosneft have so far not been disrupted by tensions between Russia and Ukraine or sanctions imposed by the United States, Exxon's CEO said on Wednesday.
"We're extremely proud of what we've been able to accomplish in Russia," Exxon Chief Executive Officer Rex Tillerson told shareholders. "They've been very good partners for us."
He added that Exxon does not "generally" support sanctions and has made that view known to the U.S. government, which has imposed economic penalties on several individuals, including Rosneft chief Igor Sechin.
Rosneft was not named in the sanctions, which were imposed after the West complained that Russia was meddling in the affairs of Ukraine.
"We're having conversations such that our views are being heard at the highest levels," Tillerson told reporters after the company's annual meeting, declining to elaborate.
The U.S. penalties have so far not affected Exxon's relationship with Rosneft and the U.S. company has been able to hold meetings with Sechin in Russia and Europe, Tillerson said.
While some Western oil companies have left Russia in recent years because of a difficult business climate, U.S. companies Exxon Mobil and Chevron Corp, along with British major BP, have significant ties there.
View Full Article
WHAT DO YOU THINK?
Generated by readers, the comments included herein do not reflect the views and opinions of Rigzone. All comments are subject to editorial review. Off-topic, inappropriate or insulting comments will be removed.
- Offshore Australia Project Marks Step-Change (Jan 16)
- Venezuela Will Remap its Caribbean Oil, Gas Prospects (Jan 09)
- Offshore Guyana Wildcat Spuds (Jan 07)