Breaking: Shell becomes latest oil and gas giant to pull out of Russia

Breaking: Shell becomes latest oil and gas giant to pull out of Russia

Oil and gas giant Shell has become the latest company to divest from Russia following the country’s invasion of the Ukraine.

The Anglo-Dutch supermajor (LON: SHEL) has announced its intention to exit its joint ventures with Gazprom and related entities.

That includes its 27.5% stake in the Sakhalin-II liquefied natural gas facility, its 50% stake in the Salym Petroleum Development and the Gydan energy venture.