ExxonMobil completed the acquisition of Denbury for $4.9bn.

ExxonMobil, an American multinational oil and gas corporation, completed the acquisition of Denbury, a hydrocarbon exploration company, for $4.9bn. “This transaction is a major step forward in the profitable growth of our Low Carbon Solutions business. Our expertise, combined with Denbury’s talent and CO2 pipeline network, expands our low-carbon leadership and best positions us to meet the decarbonization needs of industrial customers while also reducing emissions in our own operations,” Darren Woods, ExxonMobil Chairman and CEO.