M&A Deal Summary

ExxonMobil Acquires XTO Energy

On December 14, 2009, ExxonMobil acquired oil/gas exploration company XTO Energy for 41.0B USD

Acquisition Highlights
  • This is ExxonMobil’s 2nd transaction in the Oil/Gas Exploration sector.
  • This is ExxonMobil’s 3rd largest (disclosed) transaction.
  • This is ExxonMobil’s 3rd transaction in the United States.
  • This is ExxonMobil’s 2nd transaction in Texas.

M&A Deal Summary
Date 2009-12-14
Target XTO Energy
Sector Oil/Gas Exploration
Buyer(s) ExxonMobil
Deal Type Add-on Acquisition
Deal Value 41.0B USD

Target

XTO Energy

Forth Worth, Texas, United States
XTO Energy is a domestic oil and natural gas producer engaged in the acquisition, exploitation and development of quality, long-lived oil and natural gas properties in the United States. Its properties are concentrated in Texas, New Mexico, North Dakota, Pennsylvania, West Virginia, Arkansas, Oklahoma, Kansas, Wyoming, Colorado, Utah, Louisiana and Montana. XTO Energy was formed in 1986 and is headquartered in Fort Worth, Texas.

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Buyer(S) 1

Buyer

ExxonMobil

Spring, Texas, United States
Category Company
Founded 1870
Sector Oil/Gas Exploration
Employees62,000
Revenue 334.7B USD (2023)
DESCRIPTION
Entrance to Exxon Mobil's corporate campus in Irving, Texas.
Entrance to Exxon Mobil's corporate campus in Irving, Texas.

ExxonMobil is a global oil and gas exploration company. ExxonMobil's principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. ExxonMobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon was incorporated in 1870 and is based in Spring, Texas.

DEAL STATS #
Overall 3 of 10
Sector (Oil/Gas Exploration) 2 of 9
Type (Add-on Acquisition) 1 of 5
State (Texas) 2 of 4
Country (United States) 3 of 8
Year (2009) 1 of 1
Size (of disclosed) 3 of 8
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
1999-11-30 Mobil

Virginia, United States

Mobil Corp. is an American oil company. Its previous name was Socony-Vacuum Oil Company and was originally headquartered in Fairfax County, Virginia.

Buy $81.0B
FOLLOWING DEAL
DATE TARGET DEAL TYPE VALUE
2010-10-29 Ellora Energy

Boulder, Colorado, United States

Ellora Energy is an independent oil and gas exploration and development company that owns properties in east Texas, western Louisiana and in the Hugoton field in southwest Kansas. The company operates 290 producing wells with over 293 billion cubic feet of proven reserves.

Buy $695M
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