BP's size, asset complexity and limited buyer interest make a near-term takeover highly unlikely, say Moelis bankers.

Shell brought on advisers to explore a potential acquisition of BP last month, but a potential sale now appears unlikely, ...

The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.

Broader market challenges ... If pursued, a BP acquisition would likely surpass the scale of Shell’s $50 billion takeover of BG Group in 2016, setting a new benchmark for consolidation in ...

“The continued underperformance of BP makes it open to a takeover,” said a person close ... Yet there could be political challenges to a transatlantic tie-up, according to Dan Pickering ...

creating for the first time a European oil major that could challenge industry leaders Exxon Mobil Corp. and Chevron Corp. The circumstances for such a takeover might not be auspicious for BP ...

Instead, the latest update laid bare the scale of the challenges the business ... doldrums it could be vulnerable to a takeover approach.” On TipRanks, BP has a Hold consensus based on 2 Buy ...