Exxon Mobil Corp. (XOM) said, in light of the ongoing situation in Ukraine and the resulting sanctions on Russia, the company is proceeding with efforts to discontinue operations at the Sakhalin-1 project and is developing steps to exit the venture. Depending on the terms of its exit from Sakhalin, the company may be required to impair its investment in the project up to the full book value of Property, Plant and Equipment of $4 billion.
Exxon Mobil currently intends to furnish its first quarter financial results on April 29, 2022.
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April 17, 2026 15:29 ET The ongoing conflict in the Middle East continues to raise concerns for policymakers who worry about the impact of the supply shock and high energy prices on the real economy. Producer price data and various survey results on the housing market were the main news from the U.S. this week. In Europe, industrial production data for the euro area gained attention. GDP figures out of China and the policy move by the Singapore central bank were in focus in Asia.