Shell CEO says bar for M&A is very high when asked about BP-March 2024-www.financetom.com

Shell CEO says bar for M&A is very high when asked about BP

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Shell CEO says bar for M&A is very high when asked about BP

May 26, 2025 10:44 AM

LONDON, May 20 (Reuters) - Shell CEO Wael Sawan

said on Tuesday that the bar for acquisitions is very high in

response to a question from a shareholder at its annual general

meeting on how well rival BP would fit with its assets.

He added this was especially true given that Shell's current

share price made it very attractive for the company to continue

with its buyback programme, echoing previous comments amid media

reports that Shell had studied the option of buying BP.

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