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Shares of Plano, Texas-based energy company Denbury rose 8% on the report.
Exxon has expressed preliminary interest in Denbury, but no final decision has been made, the report said, adding the oil major could opt against proceeding with a potential deal.
Denbury was exploring options including a sale, Bloomberg reported in August.
Exxon and Denbury did not immediately respond to Reuters request for comment.
