Exxon Mobil Corp. said on Thursday that expansion projects planned in Russia for this year are proceeding normally, even amidst recent sanctions imposed against the country for its involvement in Ukraine.Exxon Mobil, the world's largest publicly traded energy company, plans to comply with all sanctions the United States and European Union have imposed against Russia, David Rosenthal, the U.S. company's head of investor relations, said on a conference call with investors and analysts.Those sanctions led Russian President Vladimir Putin to muse on Tuesday whether he should reconsider the participation of Western companies, including oil and natural gas producers, in Russia's economy.Yet so far work on projects, including some of the most complex oil exploration endeavors in the world, is "underway and proceeding as planned," Rosenthal said.
Exxon Mobil Corporation is a manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Shares of XOM fell by 0.57% or $-0.58/share to $101.83. In the past year, the shares have traded as low as $84.79 and as high as $102.57. On average, 12129200 shares of XOM exchange hands on a given day and today's volume is recorded at 6507652.
Source
