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Exxon Announces $31B Deal To Buy XTO Energy

by Jeff Brady, NPR
December 14, 2009

Exxon Mobil is betting big on natural gas, announcing Monday it is buying XTO Energy for about $30 billion in stock. XTO is a major player in developing so-called unconventional natural gas resources, including gas trapped in shale rock formations.

Broadcast Dates

  • All Things Considered, December 14, 2009
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