Exxon Mobil (XOM.N) on Tuesday said it would exit Russia oil and gas operations that it has valued at more than $4 billion and halt new investment, Trend reports citing Reuters.
The decision will see Exxon pull out of managing large oil and gas production facilities on Sakhalin Island in Russia's Far East, and puts the fate of a proposed multi-billion dollar liquefied natural gas (LNG) facility there in doubt.
"We deplore Russia's military action that violates the territorial integrity of Ukraine and endangers its people," the company said in a statement critical of the intensifying military attacks.