What do you get when a bumbling oil giant haemorrhages value, loses strategic coherence, and waves around a “Help Wanted” sign for a new chairman? Apparently, a neon-lit invitation for the fossil fuel mafia to pounce—Shell first in line, calculator in hand, rubbing its oily palms.
Yes, dear readers, the whispers around London aren’t your average City gossip. BP—once a titan of British industry, now more of a cautionary tale wrapped in PR greenwash—is reportedly catching the eye of its smug, more bloated cousin: Shell. And why not? BP’s market cap has shrunk to a pint-sized £56 billion, less than half that of Shell, whose idea of “climate leadership” involves expanding oil drilling while calling it a “transition.”