Text size [+][-] Thursday September 9 2010GLOBAL EDITION
Home > Exxon/XTO
By Christopher Swann
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.
christopher.swann@thomsonreuters.com