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Posts Tagged ‘Shell BP Merger’

BP’s price gushes on Royal Dutch Shell bid hopes

In deepwater: BP’s shares are still way below the 655p level hit before the Gulf of Mexico disaster By Tamsin Brown Last updated at 12:28 AM on 5th January 2011 Almost £5billion was added to the market value of BP as investors flocked to the stock on hopes of a takeover. Shares in the oil [...]

BP Advances in London After Daily Mail Says Shell Considered Takeover Bid

By Brian Swint – Jan 4, 2011 9:05 AM GMT+0000 BP Plc, the company fighting legal claims after the biggest oil spill in U.S. history, rose the most in six months after the Daily Mail newspaper said Royal Dutch Shell Plc considered a takeover bid during the crisis. Shares advanced as much as 5 percent, [...]

Royal Dutch Shell eyed a move for BP after oil spill

Oil spill: BP still faces the possibility of huge fines from the US government   Royal Dutch Shell weighed an opportunistic takeover bid for crisis-torn BP during the Gulf of Mexico oil spill, according to sources close to the Anglo-Dutch giant.   The Shell board pulled back from making a rescue offer for its longstanding [...]

BP sued by the US government over Gulf oil spill

By Hugo Duncan Last updated at 10:36 PM on 15th December 2010 The US government last night sued BP in an effort to recoup billions of dollars in the wake of the Gulf of Mexico oil spill. The Obama administration is seeking unlimited damages from BP and other firms linked with the disaster. It is [...]

Slick BP could attract a bid from Shell after asset sales

Disaster recovery By Rob Davies Last updated at 1:13 AM on 15th December 2010 BP was the strongest blue-chip riser on the Footsie as talk of a bid in the new year from Royal Dutch Shell resurfaced and the firm raked in nearly £500m by selling assets in Pakistan. Trading in BP reached frenzied levels [...]

Opportunistic takeover bid of BP by ExxonMobil or Shell

Oil giant makes its comeback Comeback: The oil giant climbed to the top of the risers in latest trading By Alex Brummer Last updated at 1:12 AM on 15th December 2010 No one should get too starry-eyed about BP. The shares are still £2 below the peak achieved before the Macondo well explosion in April, [...]

BP shines as FTSE 100 hits new high for year

Fuelled by a rise in BP, the benchmark index headed to its highest level so far this year. By Rachel Cooper, City Reporter 7:02PM GMT 14 Dec 2010 Having been treated to a round of deals earlier in the week, investors were on the hunt for fresh takeover tittle-tattle. BP did the honours, gushing up [...]

BP jumps on takeover talk

Tuesday 14 December 2010 BP was in the takeover spotlight as leading shares rose for the fourth trading day in a row to hit a new high for the year. The company was the biggest riser in the leading index, up 14.75p to 473.10p on talk of possible bid interest from Royal Dutch Shell, whose [...]

BP gains on Royal Dutch Shell bid talk

By David Brett LONDON, Dec 14 (Reuters) – Gains in energy stocks offset falling miners, leaving Britain’s top share index almost level on Tuesday, with BP the top riser on vague market talk of bid interest from Royal Dutch Shell. By 1156 GMT the FTSE 100 .FTSE was 1.15 points higher at 5,861.90 in light [...]

Beyond Business

Financial Times Review by Ed Crooks Published: February 22 2010 05:00 | Last updated: February 22 2010 05:00 Beyond Business: An Inspirational Memoir from a Visionary Leader By John Browne Weidenfeld & Nicolson £20, 336 pages FT Bookshop price: £16 After the fall, the rehabilitation. That familiar arc in the lives of disgraced public figures [...]

BusinessWeek says Royal Dutch Shell will buy BP

With the rapid collapse of oil prices, and the resulting financial pressures, expect two or more mergers among Big Oil. Our best guess? Royal Dutch Shell (RDSA) buys troubled BP (BP), in part to avoid regulatory issues that could come from merging with a U.S. oil company.

The retreat from Moscow

“ExxonMobil is the only one that could really pull it off but it is more logical for BP to do a merger of equals with Shell with Tony Hayward running both companies,” Gheit added.