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Is Shell Sizing Up Oil’s Biggest Power Grab Yet? ...Middle East
BP’s weak first-quarter results and stock underperformance over the past year rekindled speculation that the UK-based supermajor could be a target of a blockbuster acquisition. As it has been speculated on and off for decades, UK peer Shell could be the most likely buyer, according to recent market talk. Speculation about another oil giant taking over BP is not new—such rumors have been swirling for over a decade, particularly ones suggesting that Shell could be the bidder for a merger with BP. Speculation about a blockbuster acquisition…
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