Exxon to Buy Denbury for $4.9 Billion in Carbon Storage Bet

  Denbury owns large CO2 sequestration operation Boasts largest CO2 pipeline network in US All-stock transaction, 1.9% premium to Tuesday’s close HOUSTON, July 13 (Reuters) – Exxon Mobil Corp (XOM.N) on Thursday agreed to buy Denbury Inc (DEN.N) for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration operation. The acquisition, which sent … Read more

Leave a Comment