The oil giant in the United Arab Emirates is entering the battle

The oil giant in the United Arab Emirates joined the Abdul -Karaka Abdul -Karaka, who is said to be about some of BPHigh precious assets, such as Speculation of acquisition For the major kicks of the besieged energy to excess.

It is believed that Abu Dhabi National Oil Company weighs a step for some of the assets of the company listed in London, in the event of dismantling the most important oil or seeking to strip more units, I mentioned Bloomberg Wednesday, quoting unnamed sources.

Adnoc is It is said The most interested in LNG (LNG) origins from BP, although it is also said it is considered a complete acquisition of the company. It is understood by Bloomberg that any possible deal is likely to take place via the international ADNOC unit, XRG.

BP, AdNOC and XRG spokesman refused to comment on speculative when calling it by CNBC.

A long period of performance erupted for its peers in the industry in the spotlight to the spotlight as a candidate for the main acquisition. British competitor coincidenceAs well as American oil giants Exxon Mobil and ChevronIt is among the names that were described as two possible speeches.

Any possible deal between ADNOC and BP is seen far from excessive conclusion, but analysts indicate that the two companies share a long -term relationship through hydrocarbons and renewable hardware on a group of geographical areas, most notably In Abu Dhabi And recently In Egypt.

The former CEO of BP Bernard Looney, who Company Less than four years after the job in September 2023, he sits on the XRG panel alongside the CEO of ADNOC Sultan Al -Jaber.

Maurizio Caroli, Energy and World Co-Cheviot, said that ADNOC’s alleged interests in some BP origins are an “important” development-and if it is somewhat expected, given that AdNOC is a growing and rich in criticism looking to expand gas.

“However, ADNOC seems to be a full offer for BP as a whole given that the company will not care strategically with the oil assets in BP. Nevertheless, a few oil specialties listed in CNBC may make e -mail.

He added: “Separate BP origins, both on the source and the estuary, will get great attention from a number of energy players and private stocks.”

Last month, BP was mentioned that BP attracted attention from a number of potential buyers of Castrol lubrication, a unit believed to be one of “” “Crown jewels“From its wallet.

Energy companies including India Religue Industries and Aramco in the Kingdom of Saudi Arabia, as well as Apollo Global Management and Lone Star, were previously described as the suitor of the Castrol unit in BP, I mentioned Bloomberg May 28, quoting people familiar with this issue.

Aramco, Apollo Global Management and Lone Star refused to comment on the report. CNBC also contacted the Rellence Industries.

BP seeks to repel a possible acquisition by restoring the investor confidence. The company launched a Reset a basic strategy Earlier in the year, and despite the publication of a profit in the first quarter of the expected, CEO Murray Usinglos told CNBC in late April that the company.At a wonderful start“In connecting his new direction.

BP shares have stabilized in recent weeks, after a sharp drop in early April, such as Trade war fluctuations She shook financial markets. The share price has decreased by more than 4 % a year so far.

Allen Good, the stockstar research manager, said it is unlikely that BP is ready to divide with large pieces of the source portfolio, given the company’s recent green strategy to multiply on hydrocarbons.

As part of the strategy BP reset, the company Declare Plan to increase the annual oil and gas spending on investing to 10 billion dollars until 2027, while reducing spending on renewable energy sources. It also targets 20 billion dollars of disposal of the coming years.

Allen told CNBC via email: “The active pressure was more on more cost cuts and capital discounts, and not necessarily withdrawing basic investments. It is unlikely that the company’s dismantling is the solution that shareholders are looking for,” Allen told CNBC via email.

For XRG, which adnoc Firing Last year, interest reports come in some BP assets, as the investment company seeks to obtain deals on gas assets and chemicals to help it reach the value of the institution 80 billion dollars.

“We are committed to providing a long -term value to our stakeholders and strengthening Abu Dhabi and the role of the United Arab Emirates as a global leader for energy and chemicals,” said Al -Jaber from AdNOC at that time.

Rosler, investment manager of AJ Bell, said that any possible transactions between AdNOC and BP are likely to be paid hard, as each party seeks to defend its own interests.

“BP is under pressure to achieve its goal to reduce debt, by improving organic cash flow and getting rid of assets,” Mawlid told CNBC.

He added: “AdNOC will be aware of this, and how the hour can go with regard to the BP administration, and thus you will look forward to paying a solid deal in this process, if it is already interested in some BP assets, as reports indicate.”