Reported 1 day ago
Shell is exploring the possibility of acquiring BP, as the latter's unsuccessful transition to net zero has made it vulnerable. Despite ambitious plans to pivot towards renewable energy, BP has returned to focusing on oil and gas due to financial struggles. With Shell’s stock performing significantly better than BP’s, discussions around a potential merger are surfacing, though such a deal would likely face regulatory scrutiny and intensify pressure on BP's management to improve performance amidst ongoing challenges.
Source: YAHOO