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Shell and BP are considering a potential merger, driven by a significant valuation gap between the two companies, which is close to its peak. The merger could save $33 billion, but it faces several hurdles. Shell CEO Wael Sawan might reconsider the merger if oil prices fall or other BP suitors emerge. Historically, BP was larger than Shell two decades ago when John Browne headed BP, but the roles have reversed, making the merger scenario worth monitoring. Advisors used to run numbers on a potential tie-up.
On @Breakingviews: Two decades ago, BP was larger than Shell. That was two decades ago. Today, the oil companies' roles have reversed. A widening valuation gap makes a Shell-BP merger scenario worth monitoring, Yawen Chen says https://t.co/AXCq0PfO2R https://t.co/KmxoAqnJuS
From Breakingviews - Breakingviews - Exxon’s dominance may not be good for Exxon https://t.co/hBxNFS117X https://t.co/hBxNFS117X
Heard on the Street: Exxon’s Shares Are Priced for Perfection https://t.co/z6dbUA4kus
