Royal Dutch Shell Plc  .com Rotating Header Image

The Times: BP and Shell revive plans for merger

July 3, 2007

Business in brief

BP and Shell are thought to have revived plans for a merger to create an oil giant with a market value of £250 billion. The City is awash with talk that Britain’s two largest oil companies have engaged financial advisors to discuss terms for a so-called friendly merger that could result in £2.5 billlion of cost savings for the enlarged group.

BP while under Lord Browne, former chief executive, is said to have approached Shell last year about a deal. Those plans are thought to have been reheated under the leadership of Tony Hayward, BP’s new chief executive. Royal Dutch’s A-shares rose 33p to £20.67p, while its B-shares gained 26p to 21.09. (James Rossiter)

http://business.timesonline.co.uk/tol/business/industry_sectors/article2017453.ece

This website and sisters royaldutchshellgroup.com, shellnazihistory.com, royaldutchshell.website, johndonovan.website, and shellnews.net, are owned by John Donovan. There is also a Wikipedia segment.

Leave a Reply

Your email address will not be published. Required fields are marked *

This site uses Akismet to reduce spam. Learn how your comment data is processed.

Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each blog member is allowed limited comments, as displayed above the comment box.
  • Comments must be limited to the number of words displayed above the comment box.
  • Please limit one comment after any comment posted per post.