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BP Faces ExxonMobil Takeover Bid Speculation

Business  (tags: BP CEO Tony Hayward, BP PLC, China's National Offshore Oil Company, ExxonMobil, merger, President Barack Obama )

- 2989 days ago -
BP was at the centre of fresh takeover speculation after weekend reports suggested the Obama administration has told ExxonMobil - the world's largest oil firm - that it would not stand in the way of a takeover bid for the stricken British rival.


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Crystal T (20)
Sunday July 11, 2010, 4:13 pm
You are kidding me! This would just make the future even more perilous. If a smaller company like BP thinks it's beyond the law, what does the president think the largest one thinks?

Past Member (0)
Sunday July 11, 2010, 8:24 pm
This was the way out (obvious cover up) I assumed they were going to take. Just not this soon. They are all one. The world bank whore is their Mommy. Time for the "small" people to pack up and move to safer ground whether they can afford to or not. Their lives are in danger more than just money they or the land is not going to get. What they can't cover up with different colored sand they poison. If you aren't allowed to save the sea life then please save your selves.

Calvin Jennings (24)
Monday July 12, 2010, 11:48 pm
Exxon is just as dangerous as BP, if not more so. Let's not forget the Exxon Valdez and the way Exxon still fights paying the victims of THAT spill.

There needs to be some serious investigation into the oil industry. Their practices are and have been unsafe. They neither care for their worker, nor the public, nor the environment. If they are allowed to continue as they have in the past, life on this planet is in serious jeopardy.

Deborah O (98)
Tuesday July 13, 2010, 4:34 pm
You know those schlock horror movies, the kind where some mad scientist uses two horrible, bloodthirsty, disgusting monsters to create a third?

Robert Tomlinson (62)
Tuesday July 13, 2010, 5:13 pm
If this merger is allowed to could have serious consequences for future generations.
Ever since the big disaster in the Gulf speculation has run rampant on which oil giant would take over BP. I hope the administration changes its mind on giving this union its "Blessing".

Mary Donnelly (47)
Tuesday July 13, 2010, 5:22 pm
Thanks for post Kemsa.

I suspect that there are many who might prefer a merged oil company which can pay the enormous bills in the pipeline(pun intended), however dangerous, to needing the government of the USA to pick up the Tab.

suzanne s (10)
Tuesday July 13, 2010, 5:27 pm
i would much prefer an outright seizure of bp america (see, followed by a government delegation of bp's obligations to select areas of the energy industry.

Kitty Courtney (11)
Tuesday July 13, 2010, 6:44 pm
The final settlement that Exxon forced through the courts for the Exxon Valdez spill was reduced by half, then reduced again and then that amount was paid to the victims at 10 cents on the dollars. Also, do you all realize that the $20 billion that BP put in escrow is not securitized? In a takeover that $20 billion is meaningless to the victims of the most catastrophic manmade ecological disaster we have ever known. I am so disappointed in Obama, he's as corrupt as Bush.

David F (0)
Tuesday July 13, 2010, 7:14 pm
Has Obama lost his mind? He may have lost my vote if he runs again. Certainly a combination of three oil companies is a violation of antitrust. Let's hope Hayward can get the Arabs interested in investing in BP. As for an asset seizure, wait 'til the "tea party" folks get wind of that one!

low beng kiat (128)
Tuesday July 13, 2010, 7:14 pm
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