U.S.-focused oil firms boost production as larger companies risk increasing Russian output

07/31/2014 | Bloomberg

ExxonMobil and Royal Dutch Shell are taking risks to boost crude oil production in Russia in spite of sanctions imposed by the U.S. and EU against the country. "Exxon and companies of similar size have been struggling for a while on how to move the needle on production," said Stewart Glickman, equity analyst at S&P Capital IQ. Meanwhile, smaller oil companies have increased crude oil production in the second quarter as they divest foreign assets and move their focus to U.S. fields.

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