Exxon Is Said to Weigh Buying CO2 Pipeline Owner Denbury (2)

Exxon Mobil Corp. is considering a takeover of Denbury Inc., an oil and gas producer with the largest carbon dioxide pipeline network in the US, according to people familiar with the matter.

Exxon has expressed preliminary interest in the Plano, Texas-based company, said the people, who asked to not be identified because the matter isn’t public. No final decision has been made and Exxon could opt against proceeding with a potential deal, they added.

Shares of Denbury jumped as much as 12% and traded at $98.83 at 3:49 p.m. in New York Monday, giving the company a market value ...