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BP's size, asset complexity and limited buyer interest make a near-term takeover highly unlikely, say Moelis bankers.
The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.
BP CEO Murray Auchincloss discusses the oil major's earnings, the industry more broadly and BP's biggest oil and gas ...
UAE oil giant ADNOC has joined the fray of firms said to be circling some of BP's highly prized assets, as takeover speculation for the embattled energy major kicks into overdrive. Abu Dhabi ...
BP Takeover Would Be a Longshot Due to Size and Complexity, Moelis Bankers Say The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the ...
A protracted period of underperformance relative to its industry peers has thrust BP into the spotlight as a prime takeover candidate.