Exxon CEO chases $4.6 billion from Russia while betting another $60 billion on Guyana
Key Points
- Exxon is seeking to recover a $4.6 billion write-off from Ru...
Exxon just proved that holding grudges can be profitable. The oil giant confirmed it's pursuing a preliminary deal with Russia's Rosneft to recover the $4.6 billion it wrote off when it packed up and left Moscow in 2022. Meanwhile, it's doubling down on Guyana with another $6.8 billion investment, bringing its total commitment there to over $60 billion.
Playing Both Sides of the Geopolitical Coin
The Russian compensation talks read like a financial divorce settlement where both parties still wear their wedding rings but refuse to make eye contact. Exxon wants its money back, Russia presu...
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