--U.K. oil company Shell is evaluating with advisers a potential acquisition of rival BP and has been more seriously studying the feasibility and merits of a takeover in recent weeks, Bloomberg reports, citing unnamed sources.
--Shell's deliberations are at an early stage and any decision will likely depend on whether BP's stock continues to decline, but it might also wait for BP to reach out or for another bidder to emerge, Bloomberg reports.
--A Shell spokesperson said the company continues to focus on performance, discipline and simplification to capture value, while BP declined to comment, according to Bloomberg.
Full story: https://shorturl.at/XIHiM
Write to Adria Calatayud at adria.calatayud@wsj.com
(END) Dow Jones Newswires
May 05, 2025 01:34 ET (05:34 GMT)
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