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 Sells Assets in Favor of Permian, Guyana—So Why Denbury?
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.
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