Shell is working with consultants to evaluate a potential acquisition of BP, but has not yet decided whether to make an offer, according to Bloomberg.
Shell has been more seriously discussing the viability and merits of an acquisition of BP with its advisors in recent weeks, reports data and financial market news company.
The megafusion of the two London -based oil supermajors would be among the largest business in European history. The merger of companies would create the largest producer of oil and gas owned by investors. For Bloomberg, the union of both companies gives Europe to face the powerful US oil companies.
Shell was founded in 1987, but it was from the union with the Royal Dutch Petroleum that became one of the oil and gas companies in the world. The company operates in about 70 countries – including Brazil – and has another 100,000 employees.
BP was a state-owned company created by the British government in 1914. In 1979, it was privatized by the government of then Prime Minister Margareth Thatcher. The company operates on all continents of the world and has operation in Brazil.
