BP shares rise amid speculation of possible takeover

Shares of British oil and gas company BP rose slightly on May 9 following a Financial Times report that several competitors had conducted preliminary calculations regarding a potential acquisition of the company.

Report informs via Reuters that FT sources said energy giants such as Shell, Chevron, ExxonMobil, TotalEnergies, and the UAE's national oil company, Adnoc, have shown interest in the deal.

Additionally, it is reported that trading house Vitol may be interested in acquiring certain BP assets.

Amid these reports, BP's stock price rose by 1.9% as of 07:26 GMT, despite the company’s shares having fallen by about 28% over the last 12 months.