This morning, Exxon (XOM) announced that it’s spending $41 billion to acquire XTO Energy (XTO), a major player in natural gas and unconventional shale.
The move was somewhat telegraphed by a major presentation Exxon made explaining why it was bullish on natural gas.
Here’s how Exxon explains why XTO Energy is the prefect company to make its play.
Check it out–>
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See Also:
- Exxon: Here’s Why We Just Spent $41 Billlion On Natural Gas (XOM, XTO, UNG)
- Mega-Merger: Exxon Makes Huge Natural Gas Bet With Acquisition Of XTO Energy For $41 Billion (XOM, XTO)
- XTO Energy (XTO): $4.2B Hunt Deal Good Fit, Accretive