Shell evaluating potential acquisition of BP, Bloomberg reports

Shell (SHEL) is working with advisers to evaluate a potential acquisition of BP (BP), though it is waiting to see if the stock and oil price declines further before deciding to pursue a bid, Dinesh Nair, Vinicy Chan, Will Mathis, and Mitchell Ferman of Bloomberg reports, citing people familiar with the matter. Shell has been more seriously discussing the feasibility and merits of a BP takeover in recent weeks, the sources added.