Shares in BP ($BP) leaked today on reports that a key executive at rival Shell ($SHEL) tried and failed to convince his colleagues to make a ...
BP endured a difficult start to the year when it was forced to ditch its plan to reinvent itself as a green energy business and pivot back to oil and gas. Chief executive Murray Auchincloss has also ...
BP remains a target despite dramatically hiring its first outsider as chief executive in its history as it seeks to fend off ...
Shell chief executive Wael Sawan and his finance chief quashed an internal proposal to buy rival BP this year, after which the company’s head of mergers and acquisitions left the business, the ...
Timing adds fuel to the rumors, as Shell’s six-month restriction on bidding for BP expires on December 26, reopening the door ...
Shell (NYSE:SHEL) +2.5% pre-market Thursday after issuing a statement that it has not engaged in talks with rival BP (NYSE:BP) and is not planning a takeover offer, in a firm denial of the previous ...
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 ...
Shell is reportedly considering a takeover bid for fellow supermajor BP, which has seen its fortunes dim recently after its rather premature bet on a fast energy transition. The report comes from ...
Shell (NYSE:SHEL) CEO Wael Sawan said on Friday he would rather buy back more of his company's shares than launch a takeover bid for BP (BP), the Financial Times reported. "We will always look at ...
(Reuters) -Shell CEO said on Friday he would rather buy back more of his company's own shares than launch a takeover bid for rival oil major BP, the Financial Times reported. "We will always look at ...
The energy sector is in turmoil as oil prices continue their slide. Brent crude oil is at $61 a barrel, down 6% from last month and almost 27% below last year's price of $83 a barrel. While oil stocks ...
UK supermajor Shell has denied latest media reports it is actively circling compatriot BP and could be poised to make a takeover bid. The Wall Street Journal on Wednesday reported that Shell is in ...