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ExxonMobil buys Denbury, whose carbon capture acreage in Louisiana was flourishing

Por: The Advocate Business July 13, 2023

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ExxonMobil has agreed to buy Denbury Inc., a leading carbon capture and exploration company whose has skyrocketed recently, in a $4.9 billion transaction that was announced Thursday. The all-stock deal came out to $89.45 per share, according to an ExxonMobil news release. Denbury shareholders will receive 0.84 shares of ExxonMobil stock for each Denbury share they own. The boards of both companies unanimously approved the transaction, though it... + full article



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