Exxon Mobil considers buying energy company Denbury- Bloomberg News

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Exxon Mobil.
Signage is seen at an Exxon gas station in Brooklyn, New York City, U.S., November 23, 2021.

Oct 10 (Reuters) – Oil major Exxon Mobil Corp (XOM.N) is considering acquiring Denbury Inc (DEN.N), Bloomberg News reported on Monday, citing people familiar with the matter.

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

Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal.

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

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

Source: Reuters.com