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BP shares have risen following reports that several of its rivals, including TotalEnergies, Shell, ExxonMobil, and Chevron, are considering a potential takeover of the struggling British oil major. The company has become vulnerable to acquisition after a sharp decline in its share price over the past year. The renewed interest from competitors reflects ongoing strategic evaluations in the oil sector amid market challenges.
BP shares rise on report Exxon, Chevron and rivals eyeing oil major https://t.co/XfQdaY1ldF
$BP (+3.1% pre) BP shares rise as FT reports more rivals looking at possible takeover https://t.co/qcoJSpjdwt
BP rivals run the numbers on a takeover of the struggling oil major British company left vulnerable to a takeover after a sharp slide in its shares over the past year #OOTT https://t.co/xEd1zFtH1d
