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Denbury shareholders approve merger with Exxon Mobil
Denbury shareholders approve merger with Exxon Mobil By Reuters
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Published Oct 31, 2023 02:34PM ET
Updated Oct 31, 2023 03:32PM ET
© Reuters. FILE PHOTO: Exxon Mobil logo and stock graph are seen through a magnifier displayed in this illustration taken September 4, 2022. REUTERS/Dado Ruvic/Illustration/File Photo
(Reuters) – Denbury said on Tuesday its shareholders approved the company’s merger with Exxon Mobil (NYSE:XOM), 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 operation.
Denbury shareholders approve merger with Exxon Mobil
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