BP Takeover Would Be a Longshot Due to Size and Complexity, Moelis Bankers Say

The chances that a rival oil company will take over BP Plc are slim right now, even as peers have been running the numbers, because of the firm’s size and complexity, said bankers from Moelis & Co.

“We can’t identify anybody in the US that would be a buyer,” Moelis Chairman and Global Head of Energy and Clean Technology Stephen Trauber said in an interview in London on Monday. “We don’t really see any others globally that are buyers that view the assets as must-have.”