Exxon Held Talks With Rosneft Over Russia Re-Entry, WSJ Says

Bloomberg.com · last updated August 26, 2025 – 7:41 PM

Exxon Mobil Corp. held talks with Russia’s state-controlled oil company about returning to its Sakhalin-1 oil development, the Wall Street Journal reported, citing people familiar with the matter.

Exxon and Rosneft Oil Co. officials recently spoke in Doha about the proposal, the newspaper reported. Exxon exited Russia in 2022 after the country’s invasion of Ukraine. The company said its departure was the result of the Russia’s “expropriation” of its assets at the time.

here today, more tomorrow

We’ve launched briefing.center with a focus on the press and media.

And we’ve added Citizen Cartwright, a daily quick-read news summary by veteran Washington journalist Linda Cartwright. We’ve also created a new voting rights knowledge center for Citizen Cartwright subscribers. (You can sign up for a dedicated morning email at citizencartwright.com.)

You can sign up here for full access to press and media and Citizen Cartwright on briefing.center.

You can use briefing.center as the center of your information management, or just one of your tools. We’re happy to discuss your information needs.