Group 1 - The article does not provide any specific content related to a company or industry [1]

Core Viewpoint - BP has seen a significant increase in its share price, rising over 32% since early April, moving away from earlier takeover speculation [1][2]. Group 1: Share Price Performance - BP's shares have outperformed many U.S. and European rivals, indicating a positive market sentiment [1]. - The company's stock performance marks a stark contrast to earlier in the year when it was a prime takeover candidate [2]. Group 2: Factors Contributing to Improved Sentiment - The positive sentiment is attributed to BP's strategic reset, leadership changes, cost-cutting progress, and recent oil discoveries [2]. - The selection of a new chair with experience in successful turnarounds has been identified as a recent catalyst for the improved share performance [4]. Group 3: Takeover Speculation - Earlier in the year, BP was the subject of intense takeover speculation involving major companies like Shell, ADNOC, Exxon Mobil, and Chevron [2]. - Shell has denied any intentions to acquire BP, stating it had "no intention" of making a blockbuster offer [3].

Group 1 - BP reported a stronger-than-expected second-quarter profit of $2.35 billion, surpassing analyst expectations of $1.81 billion [1] - The net profit for BP was $2.76 billion for the second quarter of the previous year and $1.38 billion for the first quarter of 2025 [2] - BP announced its largest oil and gas discovery in 25 years off the coast of Brazil, indicating a potential boost in its hydrocarbon operations [2] Group 2 - BP has been subject to takeover speculation, with rival Shell stating it has "no intention" of making an offer [3] - BP's shares have increased approximately 3.3% year-to-date [3]