Exxon invests USD 4.9bn in CO2 storage and more oil

Exxon has purchased all shares of Denbury at a value of USD 89.45 per share.

The acquisition will contribute production of around 47,000 barrels of oil per day | Photo: Andrew Kelly

by MARKETWIRE

US oil giant Exxon Mobil has acquired Denbury, which in addition to producing oil and gas is also active in CO₂ reduction, for USD 4.9bn.

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