ExxonMobil closes $4.9B all-stock acquisition of Denbury Inc.

EXXON MOBIL CORP

Deal valued at $4.9B, or $89.45 per share; shareholders receive 0.84 XOM shares per DEN share.
Adds over 1,300 miles of CO2 pipelines and 15+ onshore CO2 storage sites, boosting low-carbon business.
Acquires 200+ million boe proved reserves and ~46,000 boe/d production in Gulf Coast and Rocky Mountains.
Potential to reduce CO2 emissions by over 100 million metric tons per year once fully developed.

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