# Exxon Mobil to acquire Denbury Inc. for $4.9B

Exxon Mobil Corporation has agreed to acquire Denbury Inc. for $4.9 billion to strengthen its Low Carbon Solutions business through Denbury's carbon capture, utilization and storage (CCS) solutions.

- Type: Acquisition
- Announced: 2023-08-25
- Value: $4.90B
- Status: announced
- Products: carbon capture, utilization and storage solutions
- Sectors: [Power Generation Equipment](https://endata.com/sectors/power-generation-equipment.md)

## Companies

- [Exxon Mobil](https://endata.com/companies/5253.md) (acquirer)
- [Denbury Inc.](https://endata.com/companies/72256.md) (target)

## Sources

- [plantservices.com](https://www.plantservices.com/industry-news/article/33010391/industrial-mergers-and-acquisitions-emerson-dupont-exxon-mobil-and-more), 2023-08-25: "Denbury provides carbon capture, utilization and storage (CCS) solutions, and this acquisition will hopefully strengthen ExxonMobil’s Low Carbon Solutions business."

---
Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.