HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 28.Sep.2025, Words: 1,640) — ExxonMobil Corporation is taking aim at the US Gulf Coast to address growing decarbonization needs of industrial clients, while also addressing emissions from its own operations. To this end, ExxonMobil looks to remove up to 100 million […]
Tag: Denbury Inc.
ExxonMobil experts on capturing, moving and storing CO2 along the US Gulf Coast
HOUSTON, TEXAS (By Pietro D. Pitts, Energy Analytics Institute, 28.Sep.2025, Words: 580) — The US Gulf Coast possesses critical drivers needed to provide a lower-cost decarbonization solution for industrial applications: a high concentration of emitters, existing transportation infrastructure and geologic storage space. Besides, 1/3 of all US industrial emissions come […]
ExxonMobil Completes Denbury Acquisition
(ExxonMobil, 2.Nov.2023) — Exxon Mobil Corporation (NYSE: XOM) has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9bn, or $89.45 per share, based on ExxonMobil’s closing price on 12 July 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of […]
Denbury Shareholders Approve Merger with Exxon Mobil
(Reuters, 31.Oct.2023) — (DEN.N) said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (XOM.N), with the deal closing expected on Nov. 2. Exxon Mobil in July agreed to buy the Plano, Texas-based Denbury for $4.9 billion to accelerate its energy transition business with an established carbon dioxide (CO2) sequestration […]
ExxonMobil Reveals $4.9bn Purchase of Denbury
(Exxon Mobil, 13.Jul.2023) — Exxon Mobil Corporation (NYSE: XOM) entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9bn, or $89.45 per share based on ExxonMobil’s closing […]