BP is a shadow of its pre-Gulf of Mexico spill self, having sold more than half its pipelines, 35% of wells and 12% of reserves As head of the world’s biggest energy company, ExxonMobil chief Rex Tillerson has the clout to snap up BP in a single bite If ExxonMobil chief executive Rex Tillerson really wanted to, he could snap up BP in a single bite. Of all the UK major’s rivals, Exxon, the world’s biggest energy company, has the firepower to swallow BP whole. Could it happen? Some industry insiders think yes. Almost five years after the Deepwater Horizon disaster in the Gulf of Mexico, BP’s share price is languishing 30 per cent below where it was before the oil spill. BP’s total shareholder return has sharply underperformed those of its peers over the past decade. The near-50 per cent tumble in oil prices since the summer — […]