Shell considered buying BP

(Reuters) - Royal Dutch Shell (RDSa.L) considered making a bid for rival BP (BP.L) in the past two years, Frankfurter Allgemeine Zeitung said in an advance copy of its Saturday edition.

Chief Executive Peter Voser told the newspaper, "I can't imagine that there is anybody in our industry who did not look into this scenario. At the end of the day we are all business people."

Asked whether Shell was currently interested in BP, Voser told the paper: "No comment."

A Shell spokesman confirmed Voser's comments, but declined to make any further comments. BP declined to comment

As of now, Shell is having a market cap of $ 215.60 billion, while BP is having a capitalization of 131.43 billion.


If they merge, then the resulting conglomerate will be astronomical.