From Yahoo Finance: 2025-05-03 15:38:00

Shell Plc is considering acquiring rival BP Plc, waiting for stock and oil price declines before deciding. Shell has grown to double the size of BP, with a market value of about 149 billion pounds. CEO Wael Sawan prefers buying back Shell stock. A merger with BP could make Shell a major player in the energy industry. Shell reported strong Q1 results and launched a $3.5 billion share buyback.

Shell may wait for BP to make a move or focus on share buybacks and smaller acquisitions instead of a megamerger. Shell is focused on performance, discipline, and simplification. BP is under pressure to improve profitability, sell $20 billion in assets, and cut costs. Activist investor Elliott Investment Management seeks higher free cash flow through deeper spending and cost cuts.



Read more at Yahoo Finance: Shell is studying merits of buying BP, Bloomberg News reports