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The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, ...
Shell brought on advisers to explore a potential acquisition of BP last month, but a potential sale now appears unlikely, ...
The chances that a rival oil company will take over BP are slim right now, because of the company's size and complexity, Moelis bankers told Bloomberg.
Abu Dhabi’s national oil company, Adnoc, is exploring the possibility of acquiring select BP assets if the British energy ...
Over the past 12 months, BP's stock has already lost nearly a third of its value due to the failed transformation plan and the drop in oil prices. Initial discussions Shell may also wait for BP to ...
For now, a BP takeover may work best on paper ... but the deliberations did not progress beyond preliminary discussions, Reuters reported on April 11, citing people familiar with the matter.
BP's shares surged on takeover speculation in May, and the company submitted decent Q1 earnings last month, despite lower liquids realizations. BP generated fairly stable results in oil production ...
The Abu Dhabi National Oil Company (“ADNOC”) had shown preliminary interest in acquiring BP but decided against advancing the discussions, deeming BP not a suitable fit for its strategic ...
UK governments have in the past told London-listed BP that they would block any takeover attempts by foreign entities given the company's strategic value, people familiar with the matter told Reuters.
Abu Dhabi’s Adnoc is evaluating potential bids for BP’s gas and LNG assets through its XRG unit, amid speculation that the ...