Denbury Inc (Denbury) is an independent oil and natural gas company that carries out exploration, development and production of oil and natural gas from its assets in the Gulf Coast and Rocky Mountain regions in the US. The company primarily focuses on enhanced oil recovery utilizing carbon dioxide (CO2 EOR). Denbury produces and sources CO2 from industrial plants for use in its tertiary oil recovery operations. The company transports CO2 to its fields through pipelines. The company has properties with proven and producing reserves in Mississippi, Louisiana, Texas, Alabama, Montana, North Dakota, and Wyoming. Denbury is headquartered in Plano, Texas, the US.
Headquarters
United States of America
Address
5851 Legacy Circle, Suite 1200, Plano, Texas, 75024
Telephone
1 972 6732000
No of Employees
793
Industry
Energy and Utilities
Ticker Symbol & Exchange
DEN (NYSE)
Revenue (2022)
$1.7B
36.3%
(2022 vs 2021)
EPS
XYZ
Net Income (2022)
XYZ
757.4%
(2022 vs 2021)
Market Cap*
$5.1B
Net Profit Margin (2022)
XYZ
529.2%
(2022 vs 2021)
* As of and is in US$
Products and Services
| Products |
|---|
| Crude Oil |
| Natural Gas |
| Carbon dioxide |
History
History section provides information on new products, mergers, acquisitions, expansions, approvals, and many more key events.
| Year | Event | Description |
|---|---|---|
| 2023 | Contracts/Agreements | In July, the company entered into a definitive agreement to be acquired by Exxon Mobil Corporation. |
| 2023 | Contracts/Agreements | In June, the company formed a joint venture with Lapis Energy to design, implement and operate a carbon dioxide sequestration project at Lapis Energy’s 14,000-acre site located in St. Charles Parish, Louisiana. |
| 2023 | Financing Agreements | In February, the company invested in ION Clean Energy. |
Competitor Comparison
| Key Parameters | Denbury Inc | Occidental Petroleum Corp | Continental Resources Inc | California Resources Corp | SilverBow Resources Inc |
|---|---|---|---|---|---|
| Headquarters | United States of America | United States of America | United States of America | United States of America | United States of America |
| City | Plano | Houston | Oklahoma City | Long Beach | Houston |
| State/Province | Texas | Texas | Oklahoma | California | Texas |
| No. of Employees | 793 | 11,973 | 1,254 | 1,060 | 82 |
| Entity Type | Public | Public | Private | Public | Public |
Key Financial Charts
Sales Growth
Net Income Growth
Executives
| Name | Position | Board | Since | Age |
|---|---|---|---|---|
| Kevin O. Meyers | Director; Chairman | Executive Board | 2011 | 68 |
| Christian S. Kendall | Chief Executive Officer; Director; President | Executive Board | 2017 | 55 |
| Mark C. Allen | Treasurer; Executive Vice President; Chief Financial Officer; Assistant Secretary | Senior Management | 2009 | 54 |
| James S. Matthews | Secretary; Chief Administrative Officer; General Counsel; Executive Vice President | Senior Management | 2012 | 60 |
| Matthew Dahan | Senior Vice President - Business Development and Technology | Senior Management | 2017 | 58 |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
| Non Dignissim Eros | Proin vel | Convallis | 2023 | XY |
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