The BP oil giant quietly comes out of the spotlight on the acquisition

Five months ago, the British is the main energy BP He was Firmly in the spotlight As the main acquisition filter. Now, not much.

The shares of the London oil giant increased by more than 32 % since early April, outperforming many of its competitors in the United States and Europeans.

The improvement of feelings can be attributed to a set of factors, including the basic BP Strategy reset, Re -drivingProgress in the cost reduction program and A series of modern oil discoveries.

It represents a blatant contradiction earlier in the year, when BP found itself a topic Intensive acquisition speculationWith the British competitor coincidenceEmirates Oil giant adnoc And American majors Exxon Mobil and Chevron Among the names that are described by the suitor.

BP Murray Auchincloss CEO insisted that the company focuses on growth when asked about any approaches, saying last month: “This will lead to an increase in the share price for shareholders.”

Shell, for her part, quickly denied Reports In late June, the early stage talks were taking place to get BP. The company said at that time it was. “No“From a great offer to his besieged opponent.

Allen Good, a stock analyst at Mooringstar, said that he is not sure of the advantage of acquisition from the beginning, even while the company is turning and trading a sharp discount of its peers.

“The stock has since best achieved,” KNBC told CNBC. “I think it may have been the latest incentive to choose the new chair, which comes from CRH and has previous experience with a meaningful and successful transformation.”

After a green strategy earlier this year, BP announced in July the appointment of Albert Al -Mashjal as its new president. The former CRH president of the building material product has joined the company’s board of directors and will officially become a chair from October 1.

BP spokesperson was not immediately available to comment when contacted by CNBC.

In early August, BP I mentioned The profits of the basic replacement cost are used as an alternative to a net profit, at a value of $ 2.35 billion for the three months until June-conveniently won the expectations of analysts of $ 1.81 billion, according to the consisting of LSEG.

Talk to CNBC’sSquawk Box Eurobe“Shortly after these results, the Auchincloss of Growth has highlighted the discoveries of the recent oil and gas company, adding that it was” very optimistic “about the discovery of the Bomranjoy mass in the Brazil Santos basin, slightly more than 400 km (248.5 miles) from Rio de Janeiro.

The tenth discovery of the company is represented since the beginning of the year and is considered a possible big boost with the continued double BP on hydrocarbons.

Rousser, AJ Bell’s investment director, said that BP flexibility in the face of doubt “interesting and can be an old sign,” especially since the rise in arrow prices comes despite what he described as “negatively negatively suspended” on both the company and the price of oil.

“Elliot’s arrival in the stock record is still a worker, as well as the activist presses the disposal, improving cash flow, and improved improved cash returns to shareholders, and the Clarion appear to listen to.”

Activist investor Elliot Open With a share of more than 5 % in BP in late April, enhancing expectations that its participation can press the company to respond to its basic oil and gas.

Given that the interest of Shell, who was reported in the acquisition, seems to have been cooled, Mawlid said that the best BP defense for any potential suitor will be a higher share price and improvement of evaluation.

Mawlid said: “The evaluation, or the paid price, is the final ruling on the return on investment, and the more it occurs, the more likely the appearance of predators appear, as the higher assessments limit the potential of the upward trend and increase negative risks in the event of anything unexpected.”