Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions was very high.

Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions was very high.

May 2 (Reuters) - Shell (SHEL.L), opens new tab CEO said on Friday he would rather buy back more of his company's own shares than launch a takeover bid for rival oil major BP, the Financial Times ...

Shell is reportedly assessing the possibility of a potential acquisition of BP, reported Bloomberg, citing people familiar with the matter. The company is monitoring stock and oil price trends ...

Here, in the case of a potential deal between Shell and BP, there is a solid basis: Shell's CEO, Wael Sawan, has commented on a potential acquisition of BP (although he said that they favor ...

Speaking in a Bloomberg TV interview Tuesday, he declined to answer directly if Shell would consider looking at its rival BP Plc, but said “the bar is high” for any transaction. Sawan said he ...

BP does not have any such bright spots to point ... at the Expense of Longer-term Downsides A recent statement by Shell's CEO puts to rest any speculation that Shell may be actively seeking ...

LONDON (Reuters) - Shell shareholders on Tuesday re-elected Chair Andrew Mackenzie and CEO Wael Sawan, who said when asked about a potential deal for rival BP that the bar for mergers and acquisitions ...