HOUSTON, March 16 Exxon Mobil Corp (XOM.N) has
received clearance from U.S. and Dutch regulators for its $27
billion acquisition of U.S. oil and gas company XTO Energy Inc
XTO.N, Exxon said in a regulatory filing on Tuesday.
The approvals put the U.S. oil major one step closer to
completing a deal meant to ramp up global exploration for
natural gas in substances like shale or impermeable sands.
The deal, which is expected to close in the second quarter,
still lacks the approval of XTO's shareholders, according
Exxon's filing with the U.S. Securities and Exchange
Shares of Exxon rose 11 cents to $66.41 while XTO shares
were 23 cents higher at $46.94. Both companies trade on the New
York Stock Exchange.
(Reporting by Anna Driver in Houston; Editing by Bernard Orr)