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The Russian invasion of Ukraine is about to reshape Europe’s energy markets forever.
The geopolitical tensions are unlikely to ease anytime soon, which is a good thing for oil companies such as Exxon Mobil, as they’ll continue to benefit from high oil prices.
As Europe strengthens its energy security, Exxon Mobil now has a real opportunity to expand its presence on the old continent by taking some portion of Russia’s market share there.