Equinor, as well as BP, is withdrawing from joint oil production in Russia.

[Ocelot II]

https://e24.no/olje-og-energi/i/8Qomn2/equinor-vil-ut-av-russland

[SheltieLover]

1. Excellent! 👏👏👏👏

[Hoyt]

2. That would be a major loss for them, but right thing to do.

[Lancero]

3. Sad state of affairs when oil and gas companies lead the way over governments.

Russia exports billions of dollars worth of oil and gas to western nations. And all that money serves to bankroll their military, now being used to invade Ukraine.

For all of our claims of wanting to halt Russia's invasion, we're still perfectly content to fund that invasion by buying Russian oil and gas.

Peace in our time. Gas in our cars. That's how history will remember our action - or rather, inaction.

[Ocelot II]

4. Equinor is actually 67% owned by the Norwegian government, which also manages it.

The other 33% of shares are publicly traded.

[Lancero]

5. Well, at least one government getting serious about sanctions.

Hopefully some other nations learn from their example.

[crickets]

7. Kudos to the Norwegian government. nt

[crickets]

6. Good on both companies.

BP's departure is a pretty big deal.

https://www.nasdaq.com/articles/column-bp-abandoning-russia-shows-disruption-to-commodities-will-be-profound%3A-russell