How BP became a potential takeover target

The logo of British oil major BP.Sopa Images | Lightrocket | Getty ImagesFor weeks, market tongues have been wagging about a potential merger between Britain's oil giants — until, ending weeks of speculation, Shell on Thursday denied reports that it's in talks to acquire BP.But how did we get to the point that BP, a U.K. oil exploration company that was founded in 1909 under the name Anglo-Persian Oil Company, is now seen as a possible takeover target for its long time rival?The resetBack in 2020, under the ...