PARIS—Companies across the West are retreating from Russia in the wake of President Vladimir Putin’s decision to invade Ukraine. Some of France’s biggest firms are hanging on. Russians shopping for…

DUBAI—State oil giant Saudi Aramco said Sunday its 2021 net profit more than doubled to $110 billion, a boon to the Middle East’s largest economy as it seeks to use…

Russian prosecutors have issued warnings to Western companies in Russia, threatening to arrest corporate leaders there who criticize the government or to seize assets of companies that withdraw from the…

HOUSTON—The chief executives of some of the world’s largest oil companies and U.S. government officials warned Monday that there were no quick-fix solutions to the higher energy prices and market…

The Biden administration is seeking to ease oil sanctions on Venezuela as part of a broader U.S. strategy to temper oil prices that have skyrocketed because of Russia’s war in…

Companies that divest from their Russian holdings will have to book hefty write-downs and face complex accounting judgments, experts say. Businesses including BP PLC, Shell PLC and Apple Inc. have…

The moves were wide ranging and reflected several dynamics that have played out since Russian President Vladimir Putin invaded Ukraine last week. Some companies have signaled they wanted to take…

Exxon Mobil Corp. said it is halting operations at a multibillion-dollar oil and gas project in Russia and will make no further investments in the country following its attack on…

British energy giant Shell PLC became the latest big Western company to sever ties with Russia over its invasion of Ukraine, saying it would pull back from joint projects in…

Russia’s financial system was under siege Monday, but the country is still pumping and exporting vast amounts of oil and natural gas to the rest of the world, delivering cash…