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A protracted slump in crude prices has ratcheted up the pressure on Big Oil’s commitment to allocate cash to shareholders.
Lydia Rainforth, head of European energy, equity research at Barclays, discusses takeover speculation over a BP takeover and the valuation gap between European and U.S. oil majors.
A price target of $29 was set for BP (NYSE:BP), indicating a slight overvaluation at its current trading price. Downgrade to ...
A Shell-BP potential merger would weaken Shell's strong segments by adding BP's higher debt and weaker financials. Click here ...
BP’s declining market value and strategic instability have fueled speculation of a takeover by Shell or ExxonMobil, with ...
BP p.l.c. generated fairly stable results in oil production in the first quarter and continued to spend a lot of money on ...
A takeover of BP might be difficult ... oil trader Vitol has considered buying parts of BP. There's growing speculation that a big oil rival might buy BP. However, while several companies have ...
A consolidation wave has washed over the oil patch in recent years. ExxonMobil (NYSE: XOM) kicked things off with its $64.5 ...
Unnamed sources familiar with the developments have told Bloomberg that Shell was studying a takeover that would depend on ...
Sunoco (NYSE:SUN) said Monday it agreed to acquire Canada-based fuel distributor and marketer Parkland (OTCPK:PKIUF) for ~US$9.1B in cash and stock, including assumed debt. TaskUS (NASDAQ:TASK) jumped ...
speculation of a Shell-BP megadeal intensified. This week, Bloomberg reported that Shell is considering the merits of a takeover bid for BP, which has seen its fortunes dim recently after its ...
Chevron, Exxon Mobil and TotalEnergies are among other big oil companies that could be considering a deal for BP, a report ...