BP's stock experienced an increase of 1.9% on May 9, 2025, following reports of potential takeover interest from several major energy firms. This comes at a time when the oil giant is attracting attention from industry heavyweights such as Shell, Chevron, ExxonMobil, TotalEnergies, and Abu Dhabi's Adnoc, who are reportedly evaluating BP's financials for a possible acquisition, as noted by Reuters.

The Financial Times reports that analysts estimate BP's valuation, excluding its liabilities, to be over £120 billion, significantly more than its current market value of £57 billion. Adding to the intrigue is Elliott Management's increased stake in BP, now over 5%, applying pressure on the company for more aggressive cost reductions and asset sales. Meanwhile, Shell's CEO Wael Sawan has publicly stated a preference for share buybacks instead of pursuing a major acquisition like BP, reflecting the strategic considerations each potential acquirer is weighing.

These dynamics highlight increased industry interest in consolidations, especially as firms navigate challenging market conditions. BP's position as an attractive acquisition target is underscored by the ongoing calculations and strategic deliberations among some of the largest players in the energy sector.