ExxonMobil to acquire Denbury to enhance carbon capture capabilities
ExxonMobil Corporation announced a definitive agreement to acquire Denbury, a leader in carbon capture, utilization, and storage (CCS) and enhanced oil recovery, in an all-stock transaction valued at $4.9 billion. As per the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each of their Denbury shares. The acquisition is set to boost ExxonMobil’s […]