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BP shares higher on Exxon's rumored takeover interest

Sep. 20, 2013 2:11 PM ETExxon Mobil Corporation (XOM) StockBP, XOMBy: Carl Surran, SA News Editor39 Comments
  • A rumor making the rounds today is a purported interest by Exxon Mobil (XOM -0.2%) in a takeover of BP (BP +0.5%).
  • Such gossip is not new, the Telegraph points out; following the 2010 Gulf of Mexico disaster, BP frequent was rumored to be vulnerable to a takeover, with XOM named as a potential predator.
  • As far-fetched as a deal sounds - why would XOM or anyone else want the aggravation? - BP shares are higher in a weak market.

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