Reported 1 day ago
Shell Plc is evaluating the potential acquisition of rival BP Plc, according to Bloomberg News. The oil giant is assessing the feasibility of a takeover, although it plans to wait for further declines in stock and oil prices before making a decision. While Shell's CEO has indicated a preference for share buybacks, discussions with advisors are ongoing, and any merger would likely attract regulatory scrutiny given the scale of the deal.
Source: YAHOO