EXXON & RUSSIA: DOING BUSINESS AS USUAL
Exxon Mobil Corp. (XOM), which this month extended its partnership with Russia's OAO Rosneft (ROSN), hasn't had to change its business in the country amid Ukraine-related sanctions and said such steps are typically ineffective.
"We don't find them to be effective unless they are very well implemented," Chief Executive Officer Rex Tillerson said today during a shareholders meeting in Dallas. Authorities imposing the sanctions should consider "who are they really harming?"
Exxon is among American oil producers that ignored U.S. State Department recommendations to skip an energy forum in St. Petersburg last week…
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