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Denbury Inc. - DEN STOCK NEWS

Welcome to our dedicated news page for Denbury (Ticker: DEN), a resource for investors and traders seeking the latest updates and insights on Denbury.

Our selection of high-quality news articles is accompanied by an expert summary from Rhea-AI, detailing the impact and sentiment surrounding the news at the time of release, providing a deeper understanding of how each news could potentially affect Denbury's stock performance. The page also features a concise end-of-day stock performance summary, highlighting the actual market reaction to each news event. The list of tags makes it easy to classify and navigate through different types of news, whether you're interested in earnings reports, stock offerings, stock splits, clinical trials, fda approvals, dividends or buybacks.

Designed with both novice traders and seasoned investors in mind, our page aims to simplify the complex world of stock market news. By combining real-time updates, Rhea-AI's analytical insights, and historical stock performance data, we provide a holistic view of Denbury's position in the market.

Rhea-AI Summary
Denbury Inc. (NYSE:DEN) will be removed from the Tortoise Recycling Decarbonization IndexSM (RCYCL) and the Tortoise Recycling Decarbonization UCITSSM Index (RECYCLE) due to its approved acquisition by Exxon Mobil Corp (NYSE:XOM). The removal will take place at market open on Friday, November 3, 2023. The indices will not require special rebalancing and the weight of DEN will be distributed proportionally to the remaining constituents.
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Exxon Mobil Corporation has completed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion. Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. This acquisition strengthens ExxonMobil's Low Carbon Solutions business and expands its low-carbon leadership. ExxonMobil now owns the largest CO2 pipeline network in the U.S. and has access to strategic CO2 storage sites. The acquisition also includes Gulf Coast and Rocky Mountain oil and natural gas operations.
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Denbury stockholders approve merger with ExxonMobil. The merger agreement states that ExxonMobil will acquire all outstanding shares of Denbury at an exchange ratio of 0.84 shares of ExxonMobil for each Denbury share. Over 75% of total shares outstanding and 99% of shares voted supported the merger. The transaction is expected to close on November 2, 2023.
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Denbury announces expiration of waiting period for acquisition by ExxonMobil
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Exxon Mobil Corporation has announced its definitive agreement to acquire Denbury Inc. in an all-stock transaction valued at $4.9 billion. The acquisition will enhance ExxonMobil's Low Carbon Solutions business by adding Denbury's carbon capture, utilization, and storage solutions. The transaction is expected to drive strong growth and returns, with synergies enabling over 100 million metric tons of emissions reductions. Denbury's CO2 pipeline network and sequestration sites will accelerate the deployment of carbon capture and underpin multiple low carbon value chains.
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conferences
Denbury Inc.

NYSE:DEN

DEN Rankings

DEN Stock Data

4.56B
49.59M
3.3%
109.53%
6.48%
Crude Petroleum and Natural Gas Extraction
Mining, Quarrying, and Oil and Gas Extraction
Link
US
Plano

About DEN

denbury resources inc., is an independent oil and natural gas company. our operations are focused in two key operating areas: the gulf coast and rocky mountain regions of the united states. currently our properties with proved and producing reserves in the gulf coast region are situated in mississippi, texas, louisiana, and alabama, and in the rocky mountain region are situated in montana, north dakota and wyoming. our goal is to increase the value of our properties through a combination of exploitation, drilling and proven engineering practices, with the most significant emphasis relating to carbon dioxide enhanced oil recovery (co2 eor). for more information about our company, please visit www.denbury.com.