BP Shares Surge Amid Rumors of Shell Acquisition Talks
TL;DR Summary
BP's stock rose after reports that Shell was in early talks to acquire it, though the talks are slow and unconfirmed. Shell has focused on natural gas and has seen significant stock growth, while BP has struggled and faced activist pressure. A merger could create a dominant Gulf of Mexico producer, but regulatory and strategic concerns remain. The last major oil merger was ExxonMobil in 1999.
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- BP shares surge on report that rival Shell could acquire it CBS News
- BP Stock Takes Off On Possibility Of Largest Deal Since The Exxon Mobil Merger MSN
- BP shares jump 7% on report it is in early-stage talks to be acquired by Shell CNBC
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