Shell Mulls BP Acquisition to Regain Edge in Global Oil
Shell plc (SHEL) is reportedly exploring a potential acquisition of British energy rival BP plc (BP) , a deal that could mark one of the largest mergers in the history of the oil industry. While no formal bid has been made, Shell is said to be quietly evaluating the strategic and financial feasibility of such a move, according to a Bloomberg report citing sources familiar with the matter.Shell Eyes BP as Valuation SlidesDiscussions inside Shell have gained momentum in recent weeks, driven largely by BP’s de ...