US oil companies join Trump against Russia sanctions: Report

US energy companies such as Exxon and Chevron Corp are joining President Donald Trump against a new bill to toughen sanctions on Russia, a report says.

The oils giants are accordingly notifying the Republican-controlled Congress that he bill could “disadvantage US companies compared to our non-US counterparts,” The Wall Street Journal reported on Tuesday.

The pushback comes based on the argument that such sanctions would ultimately hurt the US economy  and inadvertently aid shutting down oil and gas projects around the world that involve Russian partners,

In June, the US Senate easily passed a bill with a 98-2 vote to toughen sanctions on Russia, all while Trump has appeared as the most Russia-friendly president in US history and vowed to mend ties with the Kremlin.

A sign for an Exxon gas station is seen in a Brooklyn neighborhood in New York City on October 27, 2016. (Photo by AFP)

“This has far-reaching impacts to a variety of…

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