ExxonMobil is considering a takeover offer for Denbury, an oil and gas company that owns the country's largest carbon dioxide pipeline network. That could be a crown jewel for Exxon's grand carbon capture plans.
ExxonMobil is considering a takeover offer for Denbury, a Plano, Texas-based oil and gas company with nearly a $5 billion market cap, perDenbury owns the country's largest carbon dioxide pipeline network, and thus could be a crown jewel
for ExxonMobil's grandMore from Bloomberg: "If the takeover happens, it would also be the biggest carbon-management investment since the Inflation Reduction Act passed in August, providing large tax incentives for burying carbon dioxide."
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