ExxonMobil completed its all-stock acquisition of Denbury valued at $4.9 billion in a bid to strengthen its Low Carbon Solutions business.
The deal adds more than 1,300 miles of CO₂ pipelines and access to over 15 onshore CO₂ storage sites, creating the largest owned and operated CO₂ pipeline network in the U.S.
The transaction also includes oil and gas operations with over 200 million barrels of oil equivalent reserves.