Duke Energy to acquire ExxonMobil in $13 billion deal

The American Petroleum Institute (API) is reportedly in talks with Duke Energy Corp. (DUK) to acquire the oil and gas exploration company.

The deal would add ExxonMobil’s oil and natural gas business to a portfolio of companies that also includes Chevron, BP and ConocoPhillips.

The move would also add Exxon’s energy business to the portfolio of the Koch brothers’ Americans for Prosperity Action Fund.

The API previously announced the deal, which would be announced on Feb. 25, but did not include details of the terms.

The pipeline would be a joint venture between ExxonMobil and Duke Energy that would see the acquisition of the oil company’s oil field operations, pipelines and natural resource extraction services.

The company also operates the Duke Energy-led Transcontinental Pipeline System (TPS), a network of oil pipeline routes that runs from North Dakota through South Dakota, Montana and Kansas.

The new transaction would create the third-largest publicly traded oil company in the U.S. ExxonMobil owns about 20% of the company, which is the third largest oil company after Exxon Mobil and Royal Dutch Shell.

The two other companies involved in the transaction are Enron and Royal Caribbean.

A separate proposal from ExxonMobil to acquire a controlling interest in the energy services company would add to the conglomerate’s control of the U,S.

energy industry.

“The acquisition of Duke Energy is a great strategic development for ExxonMobil,” said Charles Koch, Chairman and CEO of Koch Industries.

“It is a strategic move that will help strengthen the company’s operations and expand our presence in the United States and around the world.”

The deal, valued at $13.2 billion, would also create a separate entity called Energy Transfer Partners LP, which will operate the pipeline system and other pipelines and infrastructure for the pipeline project.

The TPS is owned by ExxonMobil, but ExxonMobil would own the oil fields, pipelines, pipelines undersea transmission and other infrastructure.

“We are proud to have the opportunity to acquire Duke Energy and its energy services business and we look forward to continuing to work with Duke on a long-term business plan that will deliver significant value for our shareholders,” said Doug McKelway, CEO of ExxonMobil.

“With the addition of Duke’s energy services operations to our portfolio, we are well positioned to deliver a better value for consumers, taxpayers, and taxpayers in the decades ahead.”

ExxonMobil said it expects to spend $1.1 trillion on the pipeline, which includes investments in new pipeline capacity and upgrading existing infrastructure.

Exxon said it will build an additional 2,000 miles of pipelines and upgrade existing pipelines and assets to handle the additional traffic.

The U.A.E. said it expected the deal to close by 2019.

“Duke Energy’s strategic position in the North Dakota Bakken shale plays is well-established, and we expect the transaction to support our investment in the region and expand access to American energy for future generations,” said John Deere President and CEO John Deeb.

The proposed deal is one of several pipeline deals announced this week that could be included in a new U.K. government-mandated energy strategy, which was released in December.

The energy strategy is meant to boost U.N. emissions, boost the economy, and support a broader economic recovery and create jobs, the U of A said.

The government is also expected to set up a new climate and energy watchdog to monitor and report on greenhouse gas emissions.