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Text size [+][-]  Thursday September 9 2010GLOBAL EDITION

Considered view
17 Dec 2009 21:23

Avoiding gastastrophe

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Shares in Exxon Mobil have fallen more than 5 percent since the oil company announced its agreement to buy XTO Energy on Dec. 14. Exxon said it would pay $31 billion for the company and would take on $10 billion of XTO debt.

Exxon will create a new unit to produce oil and gas from unconventional sources, based in XTO’s Fort Worth offices in Texas.

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christopher.swann@thomsonreuters.com

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