BP Vulnerable to Takeover Approaches But Any Deal Would Be Complex, AJ Bell Says -- Market Talk
Shell Would Benefit More From Sticking to Its Strategy Than by Large M&A Activity -- Market Talk
Saudi Arabia is waging a price war, and two major US Shale Oil giants have announced cuts in capital expenditures. Has the production of Shale Oil in the USA reached its peak?
The major USA shale oil companies Diamondback Energy and Coterra Energy have both stated that they will reduce their capital budgets for 2025 and decrease the number of drilling rigs. Diamondback Energy CEO Travis Stice warned: "Due to the reduction in drilling rigs, the USA onshore oil production is likely to have peaked and will begin to decline this quarter."
Oil Prices Slide Over US$2 As OPEC+ Accelerates Output Hikes
BP PLC Options Spot-On: On May 5th, 78,815 Contracts Were Traded, With 616.19K Open Interest
BP Stock Jumps On Report of Possible Acquisition by Shell
