(Reuters) – Oil major Exxon Mobil Corp is considering acquiring Denbury Inc, Bloomberg News reported on Monday, citing people familiar with the matter.
Shares of Plano, Texas-based energy company Denbury rose 8% on the report.
Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal.
Denbury was exploring options including a sale, Bloomberg reported in August.
Exxon and Denbury did not immediately respond to Reuters request for comment.
(Reporting by Arunima Kumar in Bengaluru; Editing by Shinjini Ganguli)