Announced
Completed
Financials
Tags
hydrocarbon exploration
oil and gas
Friendly
United States
Integrated Oil and Gas
Acquisition
Public
Domestic
Majority
Single Bidder
Completed
Synopsis
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.
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