Exxon Mobil Corp. (NYSE:XOM) and Royal Dutch Shell (NYSE:RDS-A) could consider acquiring BP (NYSE:BP) in the future, according to Fred Lucas, an analyst for JPMorgan (NYSE:JPM).
BP could be prime for being taken over after losing over $100 billion in market value since the accident on the Deepwater Horizon in the Gulf of Mexico.
If a company could buy out BP at a highly favorable rate, it could largely negate the liabilities the company will face in the years ahead.
Of the two companies with the potential and expertise to buy out BP, Exxon Mobil is the stronger of the two, and could make an offer of shares and cash for the company.
Lucas also said they could spin off the downstream assets of BP, valued at about $50 billion.
Although this is a distinct possibility, Lucas did write it under a potential future scenario and not anything he's heard.
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