Shell is reportedly evaluating the acquisition of BP, which may wait until the stock price falls further before making a move.

Jin10 reported on May 4th that, according to foreign media citing informed sources, Shell (SHEL.N) is evaluating a potential acquisition of its rival BP (BP.N) with advisory firms, but may wait for its stock price and oil prices to fall further before deciding whether to proceed. The report noted that this oil giant has engaged in in-depth discussions about the feasibility and advantages of the acquisition in recent weeks, with the final decision possibly depending on whether BP's stock price continues to decline. Shell currently has a market capitalization of about £149 billion, nearly twice that of BP, but the two have historically had comparable sizes. If the acquisition is successful, Shell would stand alongside ExxonMobil and Chevron as a super giant in the global energy industry. Given the scale of the deal, it will undoubtedly trigger strict regulatory scrutiny. Informed sources revealed that Shell may also wait for BP to make a proactive approach or for other bidders to act first; the current assessment aims to prepare for future contingencies.