BP shares rise as FT reports more rivals looking at possible takeover
ReutersMay 9, 2025 7:29 AM
LONDON, May 9 (Reuters) - Shares in BP BP.L 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 SHEL.L, Chevron CVX.N, ExxonMobil XOM.N, TotalEnergies TTEF.PA 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.
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