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BP Is Ready to Make Acquisitions. Why It’s Looking Beyond Oil.

BP Is Ready to Make Acquisitions. Why It’s Looking Beyond Oil.

Mergers and acquisitions are the hottest theme in the oil industry today. British oil giant BP is looking at an acquisition too, the company revealed on Tuesday after reporting first quarter earnings. Asked by an analyst on the earnings call whether it would join peers in adding more oil capacity, BP CEO Murray Auchincloss said that the company wasn’t planning to go in that direction.