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Where BP had swapped stock, Exxon agrees to hand over to Rosneft unspecified assets elsewhere in the world, including some that the Texas-based company owns in the deepwater zones of the Gulf of Mexico and onshore in Texas.

nvestments envisioned under the agreement could reach $500 billion, including a direct investment of $200 billion to $300 billion. It was unclear what the timeline would be or whether this included the value of asset swaps.