More Than One Oil Major Has “Run the Numbers” on a BP Acquisition ...Middle East

Half a dozen Big Oil companies have “run the numbers” on a potential BP acquisition, the Financial Times has reported, citing unnamed industry sources. Shell has got all the headlines as a potential suitor for BP, but Exxon, Chevron, TotalEnergies, and Adnoc have also studied the possibility of acquiring the supermajor, as has commodity trading house Vitol, according to the FT sources. BP is worth close to $160 billion on a sum-of-the-parts basis, the FT reported, excluding debt and liabilities. This is more than twice as much as its…

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