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Shell considered buying BP

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16 Dec 2012 10:40 #114670 by chairman
(Reuters) - Royal Dutch Shell (RDSa.L) considered making a bid for rival BP (BP.L) in the past two years, Frankfurter Allgemeine Zeitung said in an advance copy of its Saturday edition.

Chief Executive Peter Voser told the newspaper, "I can't imagine that there is anybody in our industry who did not look into this scenario. At the end of the day we are all business people."

Asked whether Shell was currently interested in BP, Voser told the paper: "No comment."

A Shell spokesman confirmed Voser's comments, but declined to make any further comments. BP declined to comment
Always tell someone how you feel because opportunities are lost in the blink of an eye but regret can last a lifetime.
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  • vest007
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17 Dec 2012 05:07 #114734 by vest007
As of now, Shell is having a market cap of $ 215.60 billion, while BP is having a capitalization of 131.43 billion.


If they merge, then the resulting conglomerate will be astronomical.

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