- Exxon Mobil (NYSE:XOM) CEO Rex Tillerson is visiting Moscow this week for meetings with Russian oil producer Rosneft (OTCPK:RNFTF) and government officials despite talk of further sanctions on Russian companies and individuals, Bloomberg reports.
- The visit would coincide with the March 18 anniversary of Russia’s annexation of Crimea, which started the political crisis with the U.S. and Europe.
- XOM boosted its Russian holdings to 63.7M acres in 2014 from 11.4M at the end of 2013, a position that now dwarfs the 14.6M acres of rights it holds in the U.S.
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