- BP (BP +0.1%) is in the lead to acquire BHP Billiton's (BHP +1.7%) U.S. onshore shale assets after submitting an offer worth more than $10B, and a deal could be reached in the coming weeks, Reuters reports; the exact terms and composition of BP’s offer are not known.
- Previous reports have said other bidders for the BHP assets include a consortium of Royal Dutch Shell (RDS.A, RDS.B) and Blackstone (NYSE:BX), a Chevron (NYSE:CVX) partnership with Warburg Pincus, and a solo effort by Apollo Global Management (NYSE:APO).