ExxonMobil acquiring oil producer with large CCUS business
13 July 2023
Company owns larges CO2 pipeline in U.S.
ExxonMobil said it would acquire Denbury, a developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery.
The acquisition is an all-stock transaction valued at US$4.9 billion. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
“Acquiring Denbury…
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