Shell, BP and ExxonMobil have done business in Russia for decades – here's why they're leaving now
- Written by Yan Anthea Zhang, Professor of Strategic Management, Jones Graduate School of Business at Rice University
Pumps at a Shell fueling station in Tatarstan, Russia, Nov. 20, 2017.Yegor Aleyev\TASS via Getty ImagesIn response to Russia’s invasion of Ukraine, British energy giant BP announced on Feb. 27, 2022, that it will sell its nearly 20% ownership in Russian state-owned energy giant Rosneft. BP’s rival Shell is also pulling out of all of...