Craig Caesar

Exxon Mobil to buy XTO Energy in big U.S. gas bet

NEW YORK/HOUSTON (Reuters) - Exxon Mobil Corp plans to buy XTO Energy Inc for about $30 billion in stock, in a move that thrusts the U.S. energy giant to the forefront of North America's fast-growing natural gas industry.
 

Exxon Mobil to buy XTO Energy in big U.S. gas bet

NEW YORK/HOUSTON (Reuters) - Exxon Mobil Corp will buy XTO Energy Inc for about $30 billion in stock, in a move that thrusts the U.S. energy giant to the forefront of North America's fast-growing natural gas industry.