Oil major Exxon Mobil Corp. is considering acquiring Denbury Inc., Bloomberg News reported on Oct. 10, citing people familiar with the matter.

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


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