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Stock Market & Financial Investment News

News Breaks
December 24, 2012
07:31 EDTDNR, XOMDenbury Resources completes second phase of Bakken sale and asset exchange
Denbury Resources (DNR) announced the closing of the second and final phase of its previously announced Bakken sale and asset exchange with Exxon Mobil (XOM) and its wholly-owned subsidiary XTO Energy. In the first closing, ExxonMobil retained $350M cash and Denbury retained a 17.5% interest in the Bakken area assets to enable an exchange of the retained Bakken assets for roughly one-third of ExxonMobil's CO2 reserves in LaBarge Field in Wyoming. In this second phase closing, ExxonMobil exchanged the contemplated interest in the CO2 reserves and residual cash balances, after preliminary closing adjustments, for Denbury's retained interest in the Bakken area assets.
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August 27, 2014
06:22 EDTXOMExxon division pays $1.4M to settle Louisiana spill claims, Reuters says
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August 19, 2014
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