<p> <br />Exxon has moved quickly to pick up valuable natural gas fields and now it is snapping up XTO, which claims about 45 trillion cubic feet of natural gas.<br /><br />The world’s largest publicly traded oil company will issue 0.7098 common shares for each common share of XTO, representing a 25 percent premium to XTO stockholders. Exxon will also assume $10 billion in XTO debt.</p>
<p> <br />Exxon has moved quickly to pick up valuable natural gas fields and now it is snapping up XTO, which claims about 45 trillion cubic feet of natural gas.<br /><br />The world’s largest publicly traded oil company will issue 0.7098 common shares for each common share of XTO, representing a 25 percent premium to XTO stockholders. Exxon will also assume $10 billion in XTO debt.</p>