BP (BP) and Shell (SHEL) continue to talk about a possible deal between the companies, CTFN is reporting, sources tell The Fly. Previously, on May 4, Bloomberg reported that Shell was working with advisers to evaluate a potential acquisition of BP, though the news services added at that time that the company was waiting to see if the stock and oil price declined further before deciding to pursue a bid.
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Read More on BP:
- CVX,SHEL,BP: Oil Prices Slip on Fears of Extra OPEC+ Supply and U.S. Debt
- OPEC+ considering another output hike for July, Bloomberg reports
- BP downgraded to Hold from Buy at Jefferies
- Oil Stocks Lose Energy as Iranian Nuclear Deal Could Lead to More Supply and Lower Prices
- BP price target lowered to $32 from $35 at Piper Sandler
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