12:27 PM EDT, 09/23/2025 (MT Newswires) -- Exxon Mobil ( XOM ) has signed a non-binding initial agreement with Russian state-run energy firm Rosneft in a bid to recoup a $4.6 billion write-down on its activities in Russia following Moscow's invasion of Ukraine in 2022, Reuters said Tuesday, citing two sources familiar with the talks.

The deal sets the terms for further talks that could help Exxon recoup the $4.6 billion impairment charge it took on its 30% operator stake in an oil and gas project off Russia's Pacific coast, known as Sakhalin-1, in April 2022, Reuters said.

While Ukraine peace talks have stalled, Exxon Mobil ( XOM ) and Rosneft have continued their conversations, with the companies signing the agreement in late August or early September, a source said, according to the report.

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

(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.)

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