ExxonMobil bets on natural gas boomwith largest merger agreement in years
Published: Jan 1, 2010
Purchase of XTO gives Exxon access reserves of nearly 45 trillion cubic feet of gas
In an effort to enhance its position in the development of unconventional natural gas and oil resources, the world's largest publicly traded oil company, Exxon Mobil Corp. has agreed to buy XTO Energy Inc. in an all stock transaction valued at $41 billion, including $10 billion of existing XTO debt.
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Monday, January 18, 2010
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