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Exxon Mobil this week announced plans to acquire oil producer Denbury. Denbury also has a business of capturing carbon-dioxide emissions.
On Thursday, U.S.-based oil giant Exxon Mobile Corp. ( XOM , Financial) announced it has agreed to buy carbon capture leader Denbury Inc. ( DEN , Financial) for $4.9 billion, which would make it the c
The key driver of the acquisition is Denbury's 1,300 miles of CO2 pipeline, which will allow Exxon to bolster their carbon capture and storage business

Exxon Acquires Denbury for $4.9 billion

05:05pm, Thursday, 13'th Jul 2023
The acquisition of the carbon capture business gives Exxon's energy transition plans a boost.
Rumors about a potential ExxonMobil takeover of Denbury had circulated last fall, so Thursday's announcement of the deal came as no real surprise.
Yahoo Finance Markets Reporter Ines Ferre reports on ExxonMobile in talks to buy Denbury.
Shares of Denbury Inc (NYSE: DEN) inched down today after Exxon Mobil Corp (NYSE: XOM) said it will buy the carbon-capture company for $4.9 billion. What's in it for Exxon Mobil?
ExxonMobil has inked its largest acquisition in six years with an agreement to buy Denbury, a Texas-based company, for $4.9 billion. Denbury is the owner of a 1,300-mile pipeline system dedicated to t
Exxon Mobil President of Low Carbon Solutions Dan Ammann discusses the oil giant's $4.9 billion acquisition of Denbury, its biggest deal in six years. Speaking with Alix Steel and Guy Johnson, Ammann
Exxon Mobil chairman and CEO Darren Woods joins CNBC's Becky Quick from Sun Valley, Idaho to discuss the $4.9 billion acquisition of Denbury, how the Inflation Reduction Act played a role in the deal,
Shares of Denbury Inc. DEN, -0.03% rallied 1.1% in premarket trading Thursday, after the Exxon Mobil Corp. XOM, +0.49% announced an agreement to buy the Texas-based energy company in an all-stock deal
PLANO, Texas--(BUSINESS WIRE)-- #blueoil--Denbury Plans to Release Second Quarter 2023 Results on August 3rd.
Energy firm Denbury Inc said on Tuesday it has formed a joint venture with Lapis Energy to develop a carbon capture project in Louisiana, amid growing push to reduce planet-warming emissions.
Denbury has been making longer-term investments into its CCA EOR Project and its CCUS business. Denbury allocated over $400 million towards the CCA EOR project over the last few years, and initial pro
Denbury, Inc. (NYSE:DEN ) Q1 2023 Earnings Conference Call May 4, 2023 12:00 PM ET Company Participants Brad Whitmarsh - Executive Director, Investor Relation Christian Kendall - President, CEO & Dire
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