11:34 AM EDT, 09/18/2025 (MT Newswires) -- Exxon Mobil ( XOM ) Chief Executive Officer Darren Woods said in an interview that the company is in discussion with Russian official to recoup $4.6 billion in assets and has no intention of investing in the country, the Financial Times reported Thursday.

"We don't have any plans to re-enter Russia," Woods said, according to the report. "This was really around settlement discussions around the arbitration associated with the expropriation of our assets in 2022."

Separately, Woods said the EU's new Corporate Sustainability Due Diligence Directive may prompt Exxon to accelerate its exit from Europe, calling the law "untenable" for ongoing operations, the report said.

Exxon Mobil ( XOM ) did not immediately respond to a request for comment from MT Newswires.

Shares of the company were down more than 1.4% in recent trading.

(Market Chatter news is derived from conversations with market professionals globally. This information is believed to be from reliable sources but may include rumor and speculation. Accuracy is not guaranteed.)

Price: 113.97, Change: -1.32, Percent Change: -1.14