Exxon Mobil considers buying energy company Denbury- Bloomberg News (updated)
10/10/2022 18:36
(Adds Exxon's response)
Oct 10 (Reuters) - Oil major Exxon Mobil Corp XOM.N is
considering acquiring Denbury Inc DEN.N , Bloomberg News
reported on Monday, citing people familiar with the matter.
Shares of Plano, Texas-based energy company Denbury rose 8%
on the report.
Exxon has expressed preliminary interest in Denbury, but no
final decision has been made, the report said, adding the oil
major could opt against proceeding with a potential deal.
Denbury was exploring options including a sale, Bloomberg
reported in August.
Exxon declined to comment and Denbury did not immediately
respond to Reuters request for comment.
(Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini
Ganguli)
((Arunima.Kumar@thomsonreuters.com; Twitter: https://twitter.com/Aru_Kumar94
;))