BP rivals run the numbers on a takeover of the struggling oil major

BP boss to step down as green drive goes into reverse

The chairman of BP will be leaving the oil and gas giant in an effort to quell growing discontent over the company’s financial performance

BP rivals run the numbers on a takeover of the struggling oil major

British company left vulnerable to a takeover after a sharp slide in its shares over the past year

Shell to Swallow BP? European Megamerger Could Birth Frankenstein’s Oil Giant

Get ready for the unholy matrimony of Big Oil’s most morally elastic titans. Rumours are swirling that Shell, the master of greenwash and geopolitical manoeuvres, is sizing up a takeover of BP, its long-time accomplice in pollution, profiteering, and PR spin. If consummated, this would be one of Europe’s largest-ever mergers—a monstrous oil-and-gas chimera that might finally give ExxonMobil something to worry about. And let’s be honest: Shell an…

reports the daily 'Financial Times', listed companies such as Shell, Chevron, ExxonMobil and TotalEnergys, as well as the Emirati Adnoc, would be assessing whether it is worth launching an offer by BP. Oil trader Vitol may also be interested in some parts of the business. "BP's continued low profitability leaves it open to acquisition," acknowledges a person close to activist investor Elliott Management, who has recently acquired a significant s…

The fall in BP's stock price has left British energy in a position vulnerable to an opa, as its rivals weigh the opportunity to buy it with a...

Shares in BP have jumped 4.00% towards the top of the FTSE 100 leaderboard

Share via: Facebook X LinkedIn WhatsApp Pocket Messenger Copy Link Telegram Email More BP Shares Surge Amid Takeover Talk as Market Values Lag Asset Worth BP shares have jumped 4.00%Read More...