XTO deal provides development potential for ExxonMobil, experts say

01/10/2010 | Bloomberg

ExxonMobil's acquisition of XTO Energy shows the company wants more than just boosting its reserves, experts said. The deal would provide growth opportunities for Exxon, which suffered exploration setbacks last year including the abandonment of a $75 million gas-drilling project in Hungary. XTO knows more about drilling unconventional petroleum deposits than ExxonMobil, a Deloitte official said.

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