Western companies continue to lose huge amounts of money leaving Russia because of the sanctions. So, last year, major oil companies lost about $58 billion due to the severance of trade ties with the Russian Federation.
The British BP recorded a loss of 25.52 billion dollars. As Rosneft’s largest shareholder and having written off a record amount of losses, the company has not yet left Russia and is looking for a buyer for its stake.
The second place in terms of losses was taken by the French TotalEnergies, which lost 14.8 billion dollars. The main losses are due to various sanctions, the deconsolidation of the stake in Novatek and losses related to the Arctic LNG 2 project.
The loss of Wintershall Dea AG amounted to approximately 7 billion euros. This amount results from losses incurred following the interruption of projects, including in the area of ​​gas supply.
The losses of the Austrian company OMV reached 2.5 billion euros, including 1 billion losses due to the shutdown of the Nord Stream 2 project. The total net loss of the Anglo-Dutch company Shell amounted to 4,196 billions of dollars. Exxon Mobil’s losses for 2022 amount to $2.3 billion, less than expected. Norwegian Equinor’s losses in the first quarter of last year were $1.08 billion, unchanged at the end of the period.
