xto energy
Exxon Mobil said Monday that it has agreed to buy XTO Energy, a natural gas producer, for $31 billion in stock and the assumption of $10 billion in debt, in one of the biggest energy mergers of recent years. XTO Energy, a natural gas producer, is expected to be purchased by Exxon Mobil for $31 billion in stock and the assumption of $10 billion in debt, the New York Times reported this morning. The Wall Street Journal adds that an agreement Exxon Mobil Corporation (NYSE: XOM) and XTO Energy Inc. announced today an all-stock transaction valued at $41 billion. The agreement, which is subject to XTO stockholder approval and regulatory clearance, will enhance ExxonMobil's