Exxon Mobil Corp. (NYSE:XOM) has reportedly entered into a preliminary, non-binding arrangement with Russia’s Rosneft to explore avenues for recovering billions lost after its withdrawal from Russian operations in 2022.
The deal, signed in late August or early September, represents the first tangible framework for Exxon to potentially claw back the $4.6 billion write-down tied to its exit, Reuters reports.
