UK's BP shares tick up on report of additional takeover interest from rivals

BP shares rise 2.7% ICAG.L to 365.1p

Shell SHEL.L , Chevron CVX.N , Exxon MobilXOM.N and TotalEnergies TTEF.PA and Adnoc have "run the numbers" for a takeover of BP, reports Financial Times citing industry sources and advisers

Vitol could be interested in elements of the business, adds report

Report says BP is consulting people close to the government about whether PM Keir Starmer seek to defend Co against a takeover.

UK govt might be receptive to a BP deal if it was part of a broader investment plan by the UAE into UK assets, sources tell FT

In April 2024, Reuters reported that ADNOC had considered buying BP but the deliberations did not progress beyond preliminary discussions, citing people familiar with the matter.

Last week, Bloomberg news had reported that Shell was working with advisers to evaluate a potential acquisition of BP.

BP rated "hold" on avg; median PT is 410p, as per data compiled by LSEG

As of Thursday's close, stock had fallen almost 10% this year