Bloomberg News

Rosneft to Buy 30% Stake in Exxon Texas, Gulf, Canada Projects

April 16, 2012

OAO Rosneft will buy a 30 percent stake in Exxon Mobil Corp. (XOM:US) projects in West Texas, the Gulf of Mexico and Alberta.

The purchase is part of a strategic agreement the two companies signed today, according to a statement.

To contact the editor responsible for this story: Tina Davis at tinadavis@bloomberg.net


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Companies Mentioned

  • XOM
    (Exxon Mobil Corp)
    • $93.4 USD
    • -0.38
    • -0.41%
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