Exxon to Shut Down Oil Production in Russia After Ukraine Attack

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Exxon said it is halting operations at a multibillion-dollar oil and gas project in Russia and will make no further investments in the country

Texas energy giant will exit its Sakhalin project in Russia’s Far East, following similar moves by BP and Shell

Russia’s attack on Ukraine helped push the price of oil to over $100 a barrel for the first time since 2014. Here’s how rising oil costs could further boost inflation across the U.S. economy. Photo illustration: Todd Johnson

 

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