E&E

What Shell-BP megadeal rumblings mean for oil and gas

Shell said it’s not trying to buy its British rival, but changing conditions at BP keep fueling speculation that a tie-up is possible. Talk of a possible megadeal rippled through the oil industry Wednesday, though Shell insists it is not planning to buy ...
Nasdaq

Shell's Potential BP Buy: Strategic Scale or a Risky Gamble?

In the wake of blockbuster energy deals like ExxonMobil’s XOM acquisition of Pioneer Natural Resources and Chevron’s CVX pending merger with Hess, speculation around Europe’s largest oil company Shell’s SHEL interest in acquiring smaller rival BP ...
AOL

After denying reports of BP takeover, Shell is legally barred from making an offer for six months—and there are no other suitors in sight

Shell doubled down on its denial of acquiring rival BP, claiming it has “no intention” of making an offer while invoking a U.K. law that forbids Shell from bidding on BP during the next six months with few exceptions. The June 26 news comes after ...
U.S. News & World Report

Shell Says It Is Not Considering Buying BP, UK Rules Ban Bid for 6 Months

LONDON (Reuters) -Shell has not bid for BP and is not actively considering such a move, it said in a categorical denial on Thursday, adding it was bound by UK rules which mean such a statement bans it from bidding for BP for the next six months. The Wall ...
Nasdaq

Shell Mulls BP Acquisition to Regain Edge in Global Oil

Discussions inside Shell have gained momentum in recent weeks, driven largely by BP’s declining market capitalization. BP’s shares have lost nearly 22.4% over the past year due to weak oil prices, strategic missteps and investor discontent. Shell is ...
Money Morning

Shell and BP: Could a Blockbuster Oil Deal Reshape the Industry Despite the Denial?

The Wall Street Journal reported yesterday that Shell ( SHEL) was in early-stage talks to acquire BP ( BP), a deal that could be the largest oil merger in a generation, potentially surpassing ExxonMobil’ s ( XOM) $83 billion formation. With BP valued at ...
Transport Topics

Shell Studies Acquisition of BP, Reports Say

[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. rival. BP’s American depositary receipts climbed 1.9% to ...
CBS News

BP shares surge on report that rival Shell could acquire it

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 early afternoon trading. U.S.-listed shares of Shell, which ...

Are BP’s boardroom struggles a good argument for buying Shell shares instead?

When faced with a decision between buying BP or Shell shares, Harvey Jones decided to take a contrarian approach. So has it paid off for him? The post Are BP’s boardroom struggles a good argument for buying Shell shares instead?