LONDON (Reuters) – Shares in BP (BP.L) gained on Friday, with traders citing talk that Exxon Mobil (XOM.N) was considering a bid for the oil company.
By 10:29 a.m. EDT, BP shares were up 1.1 percent at 450 pence, having hit an intraday high of 451.35 pence on the rumor.
BP declined to comment and a spokesman for Exxon said in an email that it was “not our practice to comment on market speculation, rumors or media reports.”
