Spill settlement makes BP a less attractive takeover target, exec says

BP’s $18.7 billion settlement over the 2010 Gulf of Mexico oil spill has reduced the possibility for the company to become a target for acquisition, CEO Bob Dudley said Tuesday. He added, "It is certainly not our intention to put the company up for sale."

BP’s $18.7 billion settlement over the 2010 Gulf of Mexico oil spill could make the oil giant ripe for a takeover bid, analysts say. Company officials have shrugged off talk of a possible acquisition and said they would focus on returning BP to growth. "We’ll be able to spend more time on what we do […]