{"id":31140,"date":"2014-09-15T09:04:53","date_gmt":"2014-09-15T13:04:53","guid":{"rendered":"https:\/\/cablemanpro.com\/wallstreetpr\/?p=31140"},"modified":"2014-09-15T09:04:53","modified_gmt":"2014-09-15T13:04:53","slug":"exxon-mobil-corporation-nysexom-set-to-be-affected-by-u-s-sanctions-on-russia","status":"publish","type":"post","link":"https:\/\/cablemanpro.com\/wallstreetpr\/exxon-mobil-corporation-nysexom-set-to-be-affected-by-u-s-sanctions-on-russia-31140","title":{"rendered":"Exxon Mobil Corporation (NYSE:XOM) Set to be Affected by U.S Sanctions on Russia"},"content":{"rendered":"<p style=\"text-align: justify;\">Boston, MA 09\/15\/2014 (wallstreetpr) \u2013 <strong>Exxon Mobil Corporation (NYSE:XOM)<\/strong> is starting to feel the impact of standoff between Russia and Ukraine. The <a href=\"http:\/\/www.nytimes.com\/2014\/09\/13\/business\/energy-environment\/new-sanctions-to-stall-exxons-arctic-oil-plans.html?partner=yahoofinance\" target=\"_blank\">New York Times<\/a> reports that the company\u2019s plans appear to have been dashed, with the recent round of sanctions imposed on Russia by the European Union and the U.S.<\/p>\n<p style=\"text-align: justify;\"><strong>Sanctions on Russia<\/strong><\/p>\n<p style=\"text-align: justify;\">The United States of America has imposed sanctions on Russia that particularly take aim of Exxon Mobil Corporation (NYSE:XOM)\u2019s project in the Arctic Ocean. The U.S. government has ordered all American companies to stop exports to Russian explorations, within the next 14 days. The U.S and European Union have already imposed sanctions targeting Russia\u2019s push for arctic offshore and onshore shale rock drilling.<\/p>\n<p style=\"text-align: justify;\">Exxon has confirmed that its lawyers are going through the new wave of sanctions as the company tries to see the severity of the sanctions. There is also a likelihood that Exxon Mobil Corporation (NYSE:XOM) might be looking for ways around the new sanctions as it seeks to continue with its operations in Russia.<\/p>\n<p style=\"text-align: justify;\"><strong>Impact of the Sanctions to be felt in the Long-run<\/strong><\/p>\n<p style=\"text-align: justify;\">The sanctions are not expected to affect Exxon\u2019s earnings as profits from drilling in the arctic are expected to be&#8217; realized after a decade of meaningful oil productions. The main challenge for Exxon Mobil Corporation (NYSE:XOM) at the moment is the fact that its relationship with the Russian government could be affected if the sanctions continue coming, especially from the U.S government.<\/p>\n<p style=\"text-align: justify;\">Exxon Mobil has been pushing for production in the arctic sea especially with the exhaustion of its oil reserves in Venezuela and other countries, which have become unfriendly to western oil companies. Despite the ongoing sanctions, Russia Energy sector has showed minimum signs of a slowdown.\u00a0Exxon Mobil Corporation (NYSE:XOM) has interests in Russia through its partnership with Rosneft. Their partnership results in the production of 140,000 barrels of oil a day, which reportedly translates to less than 50,000 barrels of oil for Exxon.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>Boston, MA 09\/15\/2014 (wallstreetpr) \u2013 Exxon Mobil Corporation (NYSE:XOM) is starting to feel the impact of standoff between Russia and Ukraine. The New York Times [&hellip;]<\/p>\n","protected":false},"author":32,"featured_media":19049,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"rop_custom_images_group":[],"rop_custom_messages_group":[],"rop_publish_now":"initial","rop_publish_now_accounts":{"twitter_2902945987_2902945987":""},"rop_publish_now_history":[],"rop_publish_now_status":"pending","footnotes":""},"categories":[2236],"tags":[1991,696],"stock_ticker":[],"class_list":["post-31140","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-business","tag-exxon-mobil-corporation-nysexom","tag-nysexom","entry"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v26.9 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Exxon Mobil Corporation (NYSE:XOM) Set to be Affected by U.S Sanctions on Russia - Wall Street PR<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/cablemanpro.com\/wallstreetpr\/exxon-mobil-corporation-nysexom-set-to-be-affected-by-u-s-sanctions-on-russia-31140\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Exxon Mobil Corporation (NYSE:XOM) Set to be Affected by U.S Sanctions on Russia - Wall Street PR\" \/>\n<meta property=\"og:description\" content=\"Boston, MA 09\/15\/2014 (wallstreetpr) \u2013 Exxon Mobil Corporation (NYSE:XOM) is starting to feel the impact of standoff between Russia and Ukraine. 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