Devil’s in the details: Why BP’s debt may deter a buyer
Oil & Gas 360º
JUNE 25, 2025
(BOE Report) – BP has been the subject of takeover talks for several years due to its shares’ relative underperformance, but analysis of its disclosures shows the British energy firm may not be as cheap as its market valuation would indicate. BP declined to comment. Unlike Shell, which includes $28.5 billion net debt, BP excludes them.
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