Deals
Exxon to Buy Denbury for $4.9 Billion in CO2 Pipeline Push
- Oil giant to gain America’s largest CO2 pipeline network
- Deal will ‘accelerate’ Exxon’s carbon capture goals: Ammann
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Exxon Mobil Corp. agreed to buy Denbury Inc. for $4.9 billion, its biggest acquisition in six years, in a deal that will provide the oil giant the largest network of carbon dioxide pipelines in the US.
The all-stock transaction values Plano, Texas-based Denbury at $89.45 a share, the companies said Thursday in a statement.