Extracts from a Motley Fool article by Arjun Sreekumar published 19 May 2014 under the headline: Which Oil Majors Have the Greatest Exposure to Russia?
BP, Exxon, and Shell all have significant exposure to Russia. If the U.S. and its allies were to impose a ban on the export of Western oil and gas technology to new projects being undertaken by Kremlin-controlled companies, it would probably dash Exxon and Shell’s ambitions to explore areas like western Siberia and the Arctic seas. All told, BP, Exxon, and Shell’s exposure to Russia is a meaningful risk — albeit one that may already be priced in — and one that investors should carefully consider before investing in these companies.
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