Exxon Mobil considers buying energy company Denbury

© Reuters. Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021. REUTERS/Andrew Kelly/Files

(Reuters) – Oil expert Exxon Mobil Corp (NYSE:) is considering acquiring Denbury Inc, Bloomberg News reported on Monday, citing people familiar with the matter.

Shares of Plano, the Texas-based Denbury energy company, rose 8% on the report.

Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding that the oil group may refuse to proceed with a potential deal.

Denbury is exploring options including a sale, Bloomberg reported in August.

Exxon and Denbury did not immediately respond to Reuters’ request for comment.


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