Wow! There be Trolls out in force. Yes, maybe I be family. Answering the big question, Rosneft was a big opportunity to use Exxon technology to exploit oil reserves in the Russian Arctic. But..as you guys (likely do not know,) Exxon has written off it’s venture investment because of the sanctions.
In oil extraction, it is a simple cost vs return calculation. In the past 40 years, governments have gotten more savvy and negotiated much tighter deals. The Russian deal was advantageous to both Exxon and Rosneft, but the reserves both were looking for would be dwarfed by the potential in the US Arctic Reserve in Alaska.
Too the point of experience and qualification.. Rex Tillerson had to personally assuage the concerns of the Emir of Qatar when Exxon brought the cheapest LNG production facility in Papua New Guinea.
I knew Rex Tillerson 40 years ago, and I knew that he was destined to greatness. He is also a humble person
The only troll here is you and your copy and paste replies.