With BP’s share price looking like an oil-slicked fish gasping on a beach, merger rumours are back, and Shell is the leading suitor. Promises or Buyout Prospects?
Big Oil’s Mid-Life Crisis Is Now a Merger Fantasy. Spoiler: The Planet Still Loses.
Inspired by the CNBC article: “Oil giant BP is seen as a prime takeover target. Is a blockbuster mega-merger in the cards?”
Identity Crisis: BP’s Backslide to the Black Stuff
Once a wannabe climate champion, has now slammed into reverse, ditching renewables and chasing oil profits like it’s 1974. CEO Murray Auchincloss calls it a “strategic reset,” but let’s be honest — it’s a greenwash rinse cycle followed by a fossil-fuel binge.
“BP will slash renewable spending and boost oil and gas investment,”
Auchincloss said in February, adding that this pivot is attracting “significant interest” in BP’s non-core assets.
EBOOK TITLE: “SIR HENRI DETERDING AND THE NAZI HISTORY OF ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON
EBOOK TITLE: “JOHN DONOVAN, SHELL’S NIGHTMARE: MY EPIC FEUD WITH THE UNSCRUPULOUS OIL GIANT ROYAL DUTCH SHELL” – AVAILABLE ON AMAZON.
EBOOK TITLE: “TOXIC FACTS ABOUT SHELL REMOVED FROM WIKIPEDIA: HOW SHELL BECAME THE MOST HATED BRAND IN THE WORLD” – AVAILABLE ON AMAZON.
