Energy

BP shares rise as FT reports more oil majors join Shell in looking at possible takeover

Photo caption:  The logo of BP is seen at a petrol station in Kloten, Switzerland October 3, 2017. REUTERS/Arnd Wiegmann/File Photo

 

Shares in BP edged higher on Friday after the Financial Times reported a number of rivals have “run the numbers” about a possible takeover of the London-listed oil company.

Shell, Chevron, ExxonMobil, TotalEnergies and Adnoc have all looked at the figures, the FT reported citing sources, while trading house Vitol might be interested in elements of the business.

By 0726 GMT, shares in BP were up 1.9% but have still fallen by about 28% in the last 12 months.

=== Reuters ===

 

 

 

 

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