Bloomberg News

Exxon Approaching Russian Arctic Agreement Conclusion, CEO Says

March 09, 2012

Exxon Mobil Corp. (XOM) is moving toward the conclusion of an agreement to drill in the Russian Arctic, Chief Executive Officer Rex Tillerson said today.

The agreement will include the right fiscal terms, said Tillerson in a speech at CERAWeek, a Houston conference held by IHS Cambridge Energy Research Associates.

To contact the reporter on this story: Edward Klump in Houston at eklump@bloomberg.net

To contact the editor responsible for this story: Jasmina Kelemen at jkelemen2@bloomberg.net


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