BP's (NYSE:BP) cheaper valuation means it is vulnerable to takeover approaches from across the oil and gas sector, not necessarily just from Shell (SHEL), according to AJ Bell investment director Russ ...
Shell refuted the takeover rumors, yet the speculation emphasizes what investors are beginning to recognize: BP’s significant discount and strategic shift might be due for reevaluation. With shares ...
Shell PLC on Thursday dismissed media reports it could be intending to approach smaller rival BP PLC for a potential merger. Shell “has not been actively considering making an offer for BP and ...
[Stay on top of transportation news: Get TTNews in your inbox.] BP Plc rose on May 5 after Bloomberg reported that Shell Plc is working with advisers to evaluate a potential acquisition of its U.K.
BP shares were whipsawed Wednesday as investors reacted to reports that the oil major might be acquired. BP shares jumped more than 10% to a session high of $32.94 on a report in The Wall Street ...
Shell has streamlined its low-carbon businesses, scaling back hydrogen for transport in certain markets and refocusing power ...
Shell said on Thursday it hasn’t actively considered an offer for BP and has no intention of making such a bid, after a media report earlier this week rekindled speculation about a giant energy tie-up ...
Speculation over a potential takeover of BP has intensified following activist investor Elliott Management’s acquisition of a nearly 5% stake. Analysts are considering various suitors—including Shell, ...
BP's stock price jumped as much as 10% after the Wall Street Journal reported that rival Shell is in early talks to acquire the British oil company. Shares of BP jumped $3.11, or 10%, to $32.94 in ...