Exxon Wants To Return To Russia, Holds Talks With Rosneft: Report

Exxon Mobil Corporation (NYSE:XOM) has reportedly held discreet talks with Russian state oil giant Rosneft ever since 2022.

The oil giant reportedly wants to reenter the Sakhalin energy project, contingent on a potential Ukraine peace deal. Exxon CEO Darren Woods also discussed Exxon's plans with President Donald Trump, according to The Wall Street Journal.

Senior Vice President Neil Chapman led the negotiations for Exxon. Talks took place earlier this year with Rosneft CEO Igor Sechin in Doha, Qatar.

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Exxon exited Russia in 2022, following the invasion of Ukraine. The company wrote down over $4 billion after Moscow blocked a sale of its stake in Sakhalin-1, effectively seizing the asset. ...