US EditionShell is studying merits of buying BP, Bloomberg News reports
- Shell is currently assessing a potential acquisition of BP and is collaborating with advisers in early 2025 to evaluate the viability of the transaction.
- Shell's interest follows BP's nearly one-third stock price decline over the past year amid global oil price drops and investor concerns.
- BP has shown operational improvements including adding 100 mbd new capacity and six exploration discoveries, with a target of 250 mbd by 2027.
- Analysts recommend BP as an outperform stock with an average one-year target price around $34.75, implying about 24% upside from the current $28.12 price.
- A successful acquisition would be one of the largest in the oil sector, potentially increasing Shell’s U.S. Market exposure and reshaping the industry landscape.
Insights by Ground AI
Does this summary seem wrong?
32 Articles
32 Articles
All
Left
3
Center
5
Right
3
Shell Is Studying Merits of Buying BP, Bloomberg News Reports
·New York, United States
Read Full Article
Shell is studying merits of buying BP, Bloomberg News reports
Shell Plc is working with advisers to evaluate a potential acquisition of rival BP Plc , though it is waiting for further stock and oil price declines before deciding whether to pursue a bid, Bloomberg News reported on Saturday citing people familiar with the matter.
·United Kingdom
Read Full Article
Coverage Details
Total News Sources32
Leaning Left3Leaning Right3Center5Last UpdatedBias Distribution45% Center
Bias Distribution
- 45% of the sources are Center
45% Center
L 27%
C 45%
R 27%
Factuality
To view factuality data please Upgrade to Premium
Ownership
To view ownership data please Upgrade to Vantage
