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ExxonMobil announces acquisition of Denbury
SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has 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 $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
News News releases • July 13, 2023
Scaling up carbon capture and community investments in Louisiana
Our contributions to the University of Louisiana at Lafayette – a total $600,000 to fund scholarships for local high school students and outreach on key energy topics – are the latest examples of ExxonMobil’s efforts to support the progress of the communities in which we work.
News News releases • June 22, 2023
ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone
ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates our continued momentum in helping industrial customers reduce emissions.
News News releases • June 1, 2023
ExxonMobil announces first quarter 2023 results
IRVING, Texas – April 28, 2023 – Exxon Mobil Corporation today announced first-quarter 2023 earnings of $11.4 billion, or $2.79 per share assuming dilution. Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. Capital and exploration expenditures were $6.4 billion, on track to meet the company's full year guidance of $23 billion to $25 billion.
News News releases • April 28, 2023
ExxonMobil Guyana advances fifth offshore Guyana development
IRVING, Texas – ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026.
News News releases • April 26, 2023
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