Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?

BP Faces Shareholder Showdown Amid Oil Price Crash

BP is holding its annual general meeting on April 17 in the early days of its strategy reset to return to its core oil and gas business while oil prices have crashed by more than $10 per barrel this month. Shareholders, especially activist hedge fund Elliott, will want to make their position known at the AGM votes on Thursday. Activist investor Elliott, which has been pushing for dramatic changes at BP since amassing a 5% stake in the supermajor…

Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?

Oil giant BP, which holds its annual general meeting on Thursday, has sought to resolve something of an identity crisis by launching a fundamental reset.

BP is 'certainly a takeover target': market expert says

BP PLC’s (NYSE: BP) augmented focus on renewable energy at the expense of its core oil and gas operations has resulted in a sharp downtrend in its stock price over the past 12 months. While the energy giant has already committed to lowering spending on renewables and reset its focus on the oil and gas segment in a bid to rebuild investor confidence, the damage to its share price has already made BP a prime candidate for a potential takeover. “Ce…

From Green Darling To Takeover Target, Is BP’s Reinvention A Prelude To A Mega-Merger?

Big identity reset; hailed as a corporate climate crusader, British Petroleum or BP  has recently flipped the script. In a move that raised more than a few eyebrows across the energy sector, the company announced a rollback of its green ambitions in favor of refocusing on its core oil and gas business. The announcement came …

Is a blockbuster Shell+BP mega-merger in the cards?

With BP’s share price looking like an oil-slicked fish gasping on a beach, merger rumours are back, and Shell is the leading suitor. Promises or Buyout Prospects?  Big Oil’s Mid-Life Crisis Is Now a Merger Fantasy. Spoiler: The Planet Still Loses. Inspired by the CNBC article: “Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?” Identity Crisis: BP’s Backslide to the Black Stuff Once a wannabe climate cha…