Exxon signs initial agreement with Rosneft to chart possible path to recoup Russian losses, sources say
September 23, 2025
(BOE Report) – U.S. oil major Exxon Mobil and Russian state-run energy giant Rosneft have signed a non-binding initial agreement to help Exxon recoup a $4.6 billion write-down it made on its activities in Russia in 2022 following Moscow’s invasion of Ukraine, according to two sources familiar with the talks. The agreement marks a tentative step toward repairing commercial relations between the
