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BP SHELL MERGER
Shell denies it is in takeover talks with BPShell has refuted reports of takeover discussions with BP, emphasizing its focus on internal value capture through performance, discipline,...
BP Shell merger: Is the biggest merger ever in oil and gas industry happening? Check market cap, debt, valuationBP was valued at nearly $80 billion on Wednesday with net debt of $27 billion while Shell's market capitalisation stood at more than $208 b...
BP stock soars 7% as Shell eyes major takeover — could this be the biggest energy deal of the year?BP shares jumped 7% after news broke that BP is in early-stage talks with Shell for a possible acquisition. According to The Wall Street Jo...
BP walks back on renewable investment, to scale up fossil fuel productionBP has unveiled its new business strategy. The oil and gas company has promised to increase its fossil fuel investments by 20 per cent to $...
FTSE 100 recovers 1% on energy, mining stock boostThe domestically focussed mid-cap index rose 0.9%, with travel stocks being among the top gainers.
Oil majors drag European shares lower, Siemens Energy tumblesUK-listed oil majors Royal Dutch Shell and BP fell more than 2% as crude prices dropped on expectations of more supplies after a compromise...
Oil majors suffer massive losses in 2020The spread of the coronavirus and the lockdowns meant to slow it caused massive slowdowns in economic activity, with international air trav...
Big oil loses refining crutch with margins crushed last quarterThe third quarter will provide little respite to the supermajors with three out of the five expected to post losses.
European stock rally takes step back as tech, healthcare dragThe pan-European STOXX 600 declined 0.4%, as investors moved out of expensive names, while bidding up laggards such as banking, auto and oi...
Cabinet lowers entry barrier for petrol pump businessThe new entrants, domestic or foreign, will have to set up 5% of their pumps in remote areas, and each retail outlet must have facilities f...
BPCL Nationalisation Act repealed; way clear for privatisationPrivatisation of BPCL will shake up the fuel retailing sector long dominated by state-owned firms.
ONGC set to create energy giant with control of HPCLThe government of India will transfer its majority shareholding (of 51.11% in HPCL) to ONGC, which will then become the holding company of ...
Government's plan to create an integrated oil company may see ONGC taking over HPCL or BPCLThe govt, however, does not intend to tinker with any of the other upstream cos such as Oil India Ltd, or downstream ones like Indian Oil C...
'Oil firms merger may not be good for consumers, private retailers'Though political sensitivities will limit job cuts, personnel-related issues are likely to arise from the need to manage hierarchies and po...
Arun Jaitley served up a Rand-Marx khichri in his BudgetPleasing everyone is impossible. Does it aim to deliver benefits to the vast majority of the population? Are there ideas to correct past mi...
Budget 2017: M&A is buzzword of oil industry now, says Dharmendra PradhanThe grand plan to merge state oil companies will not lead to one giant company. There will be multiple cos. But all these will be integrate...
More M&As in pipeline after Cairn-Vedanta, BP-RIL dealsIndia’s energy sector is ripe for a wave of M&A deals following the government’s approval of the Cairn-Vedanta deal and BP-Reliance deal.
- Time to scrap BP brand? Gas-station owners divided
BP gas station owners across America are divided over whether the oil giant stained by its handling of the Gulf spill should rebrand US out...
- Hayward's journey: From blue-eyed boy to fall guy at BP
Tony Hayward took the top job three years ago, promising to focus “like a laser” on safety and change the company’s champagne culture.
- RIL to become world's 13th largest refiner post merger
RIL will issue 1 share for every 16 held in RPL, giving it direct control. Swap ratio evokes mixed response I Gainers: BSE ( A, B ) | NSE |...