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Exxon's $4.9 billion Denbury deal boosts energy transition plans

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Exxon's $4.9 billion Denbury deal boosts energy transition plans

Exxon Mobil Corp on Thursday agreed to buy Denbury Inc for $4.9 billion, acquiring a company with a substantial carbon dioxide (CO2) sequestration operation that could accelerate its nascent energy transition business.

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Exxon's $4.9 billion Denbury deal boosts energy transition plans

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Exxon's $4.9 billion Denbury deal boosts energy transition plans

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