Exxon Mobil to buy XTO Energy for $31 billion
Exxon Mobil said today 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 nearly 10 years.
Natural gas producer XTO Energy Inc. said Monday that it has completed a public stock offering, raising more than $1.2 billion prior to underwriting costs to finance property acquisitions and repay debt.